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

Obsidian Energy Ltd > Rigs

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Post by kavern23on Jan 12, 2024 12:37pm

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Post# 35823855

Rigs

Wow OBE is using 5 rigs not 4 rigs like fall.
Peace River must be so good to have 3 rigs rolling.

Unlike what mrmomoBS'er says...OBE is not a junior.

OBE is a legit. All the rigs are precision drilling and not some cheap small driller.

OBE seems to understand you get what you pay for...sometimes cheapest drilling day rates isnt the best move.

Clearwater is very much about sweet spots and OBE looks to have one.

OBE is an exciting company. Management team is very good here

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