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 makedonkaon Aug 10, 2019 5:45pm

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Post# 30015103

RE:RE:RE:RE:Pennwest Fraud Investigations and Charges - SEC vs. ASC

Exactly right, Hendrick. They managed to squeeze another 8.5 million out of shareholders pockets so they can sustain their own existance.

This case is over as far as share holders go. Nothing to see here.

"The SEC on the other hand showed the corruption that is rife in government institutions. They saw an opportunity to get a nice payout from the already damaged shareholders simply because they could. OBE could have fought it and won but it would have hung over the heads of the company for years thus they chose to settle out of court. Probably the crooked SECs plan all along."

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