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 Mar 21, 2019 7:38pm

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Post# 29520366

RE:RE:it's selling time

I have to agree with you.Reverse splits dont always work out..it really depends on the reasons.I've lost out on most reverse splits but honestly....in every case it was the debt that drowned the companys...and OBE has lots of it.Others that I've owned have done ok...BUT..they didnt have the debt overhang.They wanted institutional ownership and many institutions wont buy a stock that trades under $5 .
But in the end the market cannot be fooled...only retail investors with high hopes are fooled.

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