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Bullboard - Stock Discussion Forum Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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... see more

TSX:OBE - Post Discussion

Obsidian Energy Ltd > Woodland Cree Settle
View:
Post by kavern23 on Jun 12, 2024 8:05pm

Woodland Cree Settle

Actually not shocked this got settled after OBE bought woodcote stuff.
Less operators in peace river bluesky/clearwater play give oil companies more leverage and service companies less leverage.

And when Baytex fully drill up peavine sweet spot...I can see OBE buying BTE peace river assets.

So if you want work in that area...pretty much need to be on OBE vendor list.

These mergers in the patch are giving service companies less and les pricing and flexing leverage.
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