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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 32,000 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused in the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Comment by thetruth54on Apr 21, 2023 1:42pm
52 Views
Post# 35407653

RE:The current price of oil is a total manipulation

RE:The current price of oil is a total manipulation Here is more evidence that demand is actually gaining strength. Even the pathetic Eurozone demand is increasing. Read this article and try not to laugh at the statement that the price of oil is gaining. Talk about pathetic and ridiculous manipulation in tese oil markets. Well here are the facts that nobody can deny:

Crude oil higher, boosted by signs of Eurozone economic recovery

Fri, April 21, 2023 at 5:42 AM EDT

Peter Nurse

Investing.com -- Oil prices traded higher Friday, boosted by signs of strength in the eurozone economy, but are on course for the first weekly loss since last month&rsquo;s banking crisis.&quot;data released earlier Friday showed that the eurozone economic recovery gathered pace this month, with growth in the region&rsquo;s dominant services industry more than offsetting a deepening slump in manufacturing.&quot;</div>
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