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

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Jan 12, 2024 12:40pm

141 Views

Post# 35823867

RE:Rigs

Obsidian is turning into a better version of Tamarack Valley.
Big advantage OBE has in clearwater versus TVE is TVE had so spend so much capital getting into clearwater. OBE had alot from legacy assets. Lucky sure but one reason I think OBE will outperform TVE over next few years.

TVE clearwater really varies...and they spend alot of money getting that land.

<< Previous

Bullboard Posts

Next >>

One of the strongest contenders to lead Canada’s cannabis market