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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 35,700 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 on 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 Jul 02, 2024 9:16am
208 Views
Post# 36114124

RE:OBE Q2 Reflections

RE:OBE Q2 ReflectionsNot to be a downer as I am long Obe for many years. But to counter the point of your post :Wti is up 17.6% and Obe is up only 10.32 percent ytd. That is a horrendous comment on Loukas's ability to create shareholder value. When you can't even match the underlying commodity price you have failed your investors. Compounding that is the fact that there is no dividend and the investment opportunity lost in waiting in this bull market is severe. Believe me it brings me no joy to post this truth but I feel the pain of all Obe investors who have been totally dissapointed in this fact that has gone on way to long.  
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