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 > Phenomenal 1Q Results

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Comment by Bookendson May 07, 2021 8:47am

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Post# 33150798

RE:Phenomenal 1Q Results

Was particularly pleased with the 10%+ debt reduction, especially considering the awful down cycle energy as been in, with crude even trading negatively. If crude could stay over 60$ a barrel for a sustained period (years), we will be filthy rich with our OBE shares.

Hendrick3 wrote: FFO was 49 cents per share. Earnings above 30 cents per share. Shop and compare but by my analysis, this is the cheapest company in the Canadian sector. This year free cash flow may be as much as 75 cents per share and next year around $1.50. Debt now down to $455 and falling.

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