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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 22, 2023 2:51pm
99 Views
Post# 35408912

RE:RE:The current price of oil is a total manipulation

RE:RE:The current price of oil is a total manipulation There is a real but unseen global war going on between the Saudi/OPEC Russian,China cabal and the US/EU SocialistsWallStreet oil market paper crooks and it is not just on the battlefield. It is playing out in the oil markets. Each side is using their chosen weapons to fight the other. The Saudi/Opec/Russia have the real world physical oil and the West have the paper markets as weapons that they use to keep the price down. This has been playing out and escalating since the war in the Ukraine. But the Wall Street crooks are also involved as they have skin in the game with their stock investments which are greatly effected by the Fed. Of course these crooks are worried about the inflation caused that higher oil prices bring and cause the Fed to raise rates which of course hurts their investments. The Saudis have as much pointed this out as the reason for their surpise production cuts as they know that there is paper market manipulation given the 3 million total barrels they have cut so far with the current economic conditions that I have pointed out in my previous posts in the US and the EU as well as China and India. But even with those cuts by the Saudis ,the paper market crooks have manged to manipulate the price of oil down to where those cuts have meant little to nothing in the price. I am no fan of the Saudis but the maniplation of the free markest by the the crooks on Wall Street and in these oil markets along with the current US Socialist administration is unforgiveable. 
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