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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 kavern23on Dec 06, 2023 7:54pm
124 Views
Post# 35772118

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

RE:RE:OPEC should call a surprise meeting and shock the market Hopefully more people can see how USA (with china more aligned with USA than they let on) is controling energy markets.

USA and China are two largest economies in the world and can squash OPEC like a bug.

I would be surpised if OPEC remains in 2026.

These cartels make no sense with USA being the large producer and EV's happening in China at crazy pace.

I hope OPEC doesnt sink oil but they messed up so bad it is pitiful.

Cutting oil production in June of 2023 wirh interest rates like this...it's insane.

World didnt need 90 dollar oil when every economy is hanging by a thread.
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