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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 Sep 07, 2023 12:29pm
202 Views
Post# 35624304

RE:Spetember 21 - Peace River presentation

RE:Spetember 21 - Peace River presentationNo. This is out of the ordinary. Hopefully this is concrete information and not more Loukas fantasy charts,wishful thinking and potential talk as has spewed out from him in the past. My concern about Loukas is that he now sees his current CEO position as his only means to gaining wealth. His Front Four Hedge fund has been a complete disaster having once had more than $370 million AUM, that is assets under management, to somewhere between $30 and $60 million. My hope is that he doesn't see Obe as a personal cash cow for himself. Investors and board memebers need to hold him accountable. Investors need to contact Investor relations via e-mail and express their displeasure as I have numerous times with the company's valuation and lack of a dividend. In fairness,Loukas has been given a pass due to his outstanding work in saving the company but that honeymoon is ending and he must now come through tor the more than patient investors who to this point have nothing to show for staying with OBE. In short, Mr. Loukas:"Show Me The Money!".    
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