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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
Post by makedonkaon Jan 14, 2018 3:32pm
211 Views
Post# 27354108

Few things to keep an eye on

Few things to keep an eye on "The federal government will propose new rules for regulatory vetting of all major development projects in the new year, shortly after parliament reconvenes on Jan. 29, Natural Resources Minister Jim Carr said."

"Trudeau instructed his ministers two years ago to look into changing how environmental impact reviews are conducted, as well as modernizing the country’s energy regulator. The new regime “move us into a better place of predictability, timelines and certainty, increasing public confidence among Canadians in the regulatory framework,” Carr said in a telephone interview. “It is a goal that the timelines be predictable and they be reasonable, and we understand these are very important for investors.”

“We’re hopeful that there’ll be no further delays,” Carr said. “We are committed to the construction of the Trans Mountain expansion project and we are working to ensure that the National Energy Board has all of the resources it needs to be sure that the conditions are met.”
 
 
 

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