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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 12, 2023 11:15am
136 Views
Post# 35631521

RE:RE:RE:RE:RE:When China announces major stimulus program not if

RE:RE:RE:RE:RE:When China announces major stimulus program not ifMy cost basis after averaging down many times is $.47 US presplit. But that is irrelevant when analyzing an investments potential. That only measures the ability of the investor in purchasing an equity. I  have done a good job as an investor in the level of my cost basis. But Loukas and company have performed horribly in attaining a decent valuation for OBE. That is why I am very angry as many long term intelligent OBE investors are with regards to the lack of performance of the stock. I did my job as an investor but Loukas and company have not done theirs to date in attaining a fair valuation for its investors. Only a fool would be happy with buying an equity at a great price but never  having it come close to a fair valuation or even to receive a dividend.
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