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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 > Deals....
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Comment by kavern23on Jun 15, 2021 12:13pm
62 Views
Post# 33388707

RE:RE:Deals....

RE:RE:Deals....I agree Chris but that is why I am saying a land swap/trade of assets....

Companies want to drill and have 100% control of land

I think majority of IPO's 100% interest stuff in Willy has been drilled already.

The rest of IPO's willy land...like around at least 70% is IPO/OBE (together) and like other 30% is IPO/Entrada.

OBE has leverage to wait and continue to drill 100% own wells.

Less chance of overpaying when trading land.

YGR has traded in the past on a smaller scale.

You need continuous land to drill 2 mile wells
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Dealroom for high-potential pre-IPO opportunities