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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 Hendrick3on Jul 24, 2021 9:46am
91 Views
Post# 33600676

RE:RE:RE:Q2

RE:RE:RE:Q2If there is help to our financing efforts, then I would support a write up. Otherwise leave it alone. I would rather have profits of 50 cents per share per quarter than profits of 20 cents per share and a one time big write up that gets forgotten the next day. This stock needs a drum beat of higher earnings and higher FCF, lower debt and stable production to impress investors. If they do decide to make a write up for debt purposes, do it at year end when the reserves evaluations are being done.
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