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 21, 2019 8:26pm

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Post# 30052955

RE:Stocks I Like in this sector

Hendrick3 wrote: Since you asked, I like OBE. OBE is the most undervalued in the sector from my perspective. They are selling at 7% of book and 1/7th of where they were last year when they had some very punitive oil hedges. I also like Bonavista, inplay, Ath, BTE and have initiated a position in PGF which has a very weak balance sheet but a billionaire investor. O BE is my biggest holding by far. I like the Cardium as a play and they are one of the biggest Cardium land holders.

Thanks for sharing, Hendrick.
Here is a bit of good news for OBE and some others just out today. You think OBE will add production given the news

https://af.reuters.com/article/energyOilNews/idAFL2N25H1PJ

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