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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

Comment by Tim14235on Apr 29, 2021 12:47pm
153 Views
Post# 33094043

RE:Amazing how institutions forced to abandon OBE

RE:Amazing how institutions forced to abandon OBEGood eye.  Quite an opportunity here indeed.  Unsure if they can ever rid their reputation outside merging.  

Maybe market will have no choice when debt is plummeting and shareholder returns start coming either through div or buyback.   But that is two years out and who knows how long cycle will last.

Finance remains a problem although not near term.   Canadian Banks don't want these juniors anymore
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