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 rusty777on Jul 19, 2019 10:15am

168 Views

Post# 29939381

RE:Market cap way too high for this amount of debt.

You are probably correct.....but that would mean that management and the BoD would be receiving almost 40% of the estimated market cap annually. Maybe we all have this wrong and all this company is now is a piggy bank for a few "hardworking" management and BoD.

This is now an 18 cent stock (pre split) .....only down 99.1% from what it was only a few years back and I know, I know....its NOT their fault - thay are bloody brilliant...it's all the fault of the market.

Sad - but at least someone is making money here....just not the shareholders

GLTA

Rusty

Bullboard Posts

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