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 Just1Questionon Apr 23, 2019 9:59pm

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Post# 29662601

RE:Would you by 50,000 shares? ( sub 49 ¢ )

Just1Question wrote: I did.... 5 March should provide some clarity

And I’m out - call me a chicken. Reason ? —> too many similarities with Bellatrix. The proposed Bellatrix dilution ( and stock price getting sacked ) got me thinking about poor management decisions and what a major dilution can do to my investment. Since Obsidian is similarity in debt I decided to get out with a few pennies in my pocket. I switched over to other less indebted oil field service companies.

Cheers

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