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

Bullboard Posts

Comment by Moeturner7on Jan 21, 2019 4:32pm

25 Views

Post# 29261533

RE:The Physical Oil Market Is Rebalancing Following The Export

makedonka wrote:
Physical oil market is starting to tighten which is a bullish sign.

The export surge in November sent some of the metrics we follow higher.

"These metrics are starting to reverse. Saudi's exports for January will be ~7.2 mb/d and February will be ~7.1 mb/d.

The export timing mismatch will reverse to the opposite side. The consensus is overlooking how much influence the November export ramp had on Q4 oil market balances.

We expect Brent to recover to $70+ by Q2."

https://seekingalpha.com/article/4233561-physical-oil-market-rebalancing-following-export-surge-november?app=1&isDirectRoadblock=false