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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 Bookendson Dec 09, 2019 6:47pm
134 Views
Post# 30437699

RE:RE:26.76% ??

RE:RE:26.76% ??Who knows... I guess it's not impossible...

I'm glad it runs up so negociations could be made from a more reasonable price to begin with. Not from a 50c manipulated piece of garbage leading to an extreme lowball offer. 

I think it's just a return of the pendulum from that extreme move lower... But I don't know any secrets... I would love for them to announce a proper arrangement agreement with reasonable value in the next few days. My guess was always that the Chinese partners on the Peace River blocked the sale so they could purchase it, or OBE entirely, themselves.
Bullboard Posts
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