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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 thetruth54on Jan 26, 2024 10:22am
127 Views
Post# 35846922

RE:The other ongoing big lie this past year is demand weak

RE:The other ongoing big lie this past year is demand weak Oil prices should be going much higher given what is going on in the US and global economies. The Fed just released a report showing core PCE at 2.9 %. Rate cuts are coming in the US maybe as early as March. China has been increasing its stimulus. On the supply side OPEC is cutting production. US production has stalled at best and currently is in reverse due to the cold weather. The Houthis are contining their terrorist activities threatening oil transport and the Ukraine has drones that have hit Russian  oil facilities. Just to top it off Tesla car batteries are sucking wind in the cold weather. Moreover, Tesla is finding out what I have believed all along which is that the are hitting a wall  with the consumer in the US. At least half the country votes Conservative. Conservatives don't for the most part like EV's. Moreover the bad press about the lack of performance in cold weather and the high price along with the lack of charging stations has finally hit old Musky"s company. It couldn't happen to a nicer antisemitic jackwagon.    
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