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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

Bullboard Posts
Comment by krashzoneon Nov 26, 2017 1:14pm
256 Views
Post# 27033644

RE:RE:Anyone here recall Twin Butte ?

RE:RE:Anyone here recall Twin Butte ?Except that the execs that left Penn West to go the Twin Butts were replaced by a team from Bankers Petrolium. In the year and a half since, this new management has reduced the debt, expenses and are managing their exploration and development from cash flow (and I won't go through all the operational miilestones).

btw - Bankers were sold at about 100% over the 30-day vwap. If they do the same to OBE, we are looking at more or less C$3

I guess you should have done some DD on TBE .... the warning signs were there all along.
Bullboard Posts