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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 35,700 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 on 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 28, 2023 8:59am
84 Views
Post# 35418807

RE:RE:I believe the buyback will start next week

RE:RE:I believe the buyback will start next weekYou are correct. But the shorts might see an opportunity if the quarterly is bad in this down market along with all the predictions of recession. But even if the shorts don't act it will still be a great time to initiate the buyback witth a huge block trade as the interest in the stock is pathetic as illustrated by the lack of volume.That is the way I see it. How Loukas sees it remains to be seen.
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