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 himmleron May 03, 2018 8:59am

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Post# 27975172

RE:RE:Exercise your vote against the reverse share split

You may have never seen a reverse split work,Rusty.but I have.It all depends on the reasons why..and therein lies the problem. Investors generally arent stupid...smokescreens like using a reversal to hide serious underlying financial problems always come out to roost.
To be fair some reversals do not work..but .a crippled company is so for a reason...and I dont think we are that.
I also hope that OBE opts out of the reversal,as I dont think it needs to be done...although if it were say 10 for 1 ..some of the whiners here would get their wish because then we would trade at over $10 ...LOL

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