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 Bookendson Oct 09, 2019 5:48pm

142 Views

Post# 30214272

RE:RE:RE:RE:RE:Obe

I'm thinking this is the type of situation where one as to buy in tranches as the SP lowers...

Bought half a position yesterday at 68c US...I'm really asthonished to see the SP so much lower in only 24 hours... This is a full on blood bath and quite unjustified, but manipulation will do what manipulation will do. It's been an UGLY month since the announcement of the strategic review. Getting close to a 50% pullback since that time and with what material news?

I'm gonna look to add another half position (maybe in another 2 tranche), but it's hard to figure the right entry here, I mean, the more you wait, the more attractive it gets. However, one morning it might just open at 3$ CAD and you've missed the boat...