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.

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Obsidian Energy Ltd > Market Reaction after the results

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Comment by Tim14235on Jul 29, 2021 7:11pm

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Post# 33629950

RE:RE:RE:RE:Market Reaction after the results

Funds Flow was hurt by share based compensation and FCF is hurt by increased drilling.

They are going balls to the wall with drilling. Debt ratios will fix better this way than paying down the actual debt. IF oil prices stay.

With their well results, you cannot blame them. Cash will compound if they keep this up. And oil stays.

We invest in an oil company so we want them to drill drill drill. Our small production will not affect macro market. The majors are backing off

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