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

Obsidian Energy Ltd

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Comment by krashzoneon Nov 06, 2017 9:33pm

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Post# 26915672

RE:RE:RE:OBE like ATH has too many shares for their BOED.

10/24 might turn out to be a very good entry point. Lets hope the overall market doesn't decide to tank.

We might hit resistance here - the folks that bought last year in the C$1.50/$1.60 area will want to take their money out. That and tax-loss selling .... the near term depends on what oil does and what the Q3 results are.

Just my thoughts.

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