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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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

Obsidian Energy Ltd > OPEC should call a surprise meeting and shock the market
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Comment by kavern23on Dec 06, 2023 7:51pm
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Post# 35772111

RE:OPEC should call a surprise meeting and shock the market

RE:OPEC should call a surprise meeting and shock the market Dude...do you understand that just year over year...USA has increased oil production by over 1 million barrels a day NGL by 400k a day and biodiseal 100k per day...for 1.5 million barrel liquids increase in just 1 year.

How in the heck is OPEC smart or winning?

Opec is getting spanked by a 82 year old man because of arrogance.

OPEC is in a much worse spot today than a year ago...as they delayed an oil price war with the USA.

Oil will have to go below 60 bucks in 2024 to stop the USA and if OPEC doesnt do this...massive trouble.

OPEC created this mess. Got too cute.
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