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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 23, 2023 10:01pm
73 Views
Post# 35409776

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

RE:RE:RE:RE:The current price of oil is a total manipulation I believe that will be the case. But I hope that the Saudi's continue to try to punish these paper market manipulators.The free markets are at stake even though the Saudi's themselves are manipulators. But at least they are doing so with real barels of oil and they at least try to acknowledge the  global economic conditions of supply and demand that exist. These paper market crooks are as you put it complete outright frauds with the left wing stupid media rationalizing through narratives the fraudelent conditions that they create in the markets driving down the price of oil.But make no mistake about it there is a  global war going on right now between the groups I delineated in the prior posts. Unfortunaetly we are just pawns sitiing in the middle of this war with only as you say patience to protect us. Oh well the master of patience and the goat investor Buffet is on our side. For me that is comforting as he has seen it all in these markets. I trust his judgement and big bets on oil. 
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