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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 CoPilot99on Nov 19, 2023 8:28pm
116 Views
Post# 35743608

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

RE:RE:RE:Fact: wti price today makes Loukas's hope plan a failureSorry Dude, I'm only here for the assests and the chart. According to you the assets are amazing, the CEO made some great/lucky decisions to enhance the current position but going forward the company would be better off with a new CEO. Good luck with your mission to replace him. I'm sure you are correct. Seems like they may be using NCIB to bump the SP which enhaces their bonuses.  I don't like that but most of these CEOs are crooked in some way it seems to keep their jobs and relationships with Bay st. Maybe i'm wrong and it was the OIL SHORTS who dragged OBE down in the short term. Reguardless, i am here until the chart breaks down or this is a takover candidate which would solve your CEO problem. Who knows, maybe they will actually hit their 50,000 barrel target.
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