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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 Nov 19, 2023 8:00pm
108 Views
Post# 35743583

RE:RE:Fact: wti price today makes Loukas's hope plan a failure

RE:RE:Fact: wti price today makes Loukas's hope plan a failureYou totally miss the point because you are a cheerleader. After 4 years as Ceo of the company Loukas he himself valued it at $2.50 US presplit  which is $17 US today in 2017 and that is not including the Peace River aqusition. Therfore by his own estimate of the company's value, Loukas considers himself a huge failure to date. I averaged down to .45 presplit taking a huge risk as an investor. That I and others who took that risk should somehow be thankful to Loukas is ridiculous. He has underperformed horribly when you consider the world class assets he has to work with as a CEO. Sorry but you are nothing more than a cheerleader and totally disregard the facts and Lokas's inability to create shareholder value. You lack a clue as to what a good Ceo can do to create shareholder value if you think Loukas has done a good job these last 4 years. Moreover, I am fair and have given him credit for using his outstanding negotiating skills to save the company but he is no Ceo. He isn't even a good hedge fund manager as his hedge fund Front Four has also been a huge failure. He is not an oil company Ceo and is trying to learn on the job with the Obe investors money. This is not acceptable. Wake up!
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