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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 kavern23on Aug 05, 2021 2:55pm
80 Views
Post# 33658146

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Baffles Me

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Baffles MeDavid I am not going to waste that much time responding to verbal diaharra.
Let's keep the topic to either OBE or trading energy stocks.

I sold some CJ on Tuesday to help cover me on OBE through the delta covid variant skakeness.
Lucky it got over 3.35 today on cj sales as well so I could cushion abut more.

Like earlier in India with the Delta.  The wave will eventually flatten in USA and Cina.

So far as results come out we are stacking up fairly well:

OBE had 42.3M funds flow on 24.6k BOE
Crew Energy had 25.5M funds flow on 26.7 BOE
Nuvista had 55.5M funds flow on 51.5K

Not bad hey?  Shows how important our light oil cardium barrels are...really carrying obe on the funds flow.

Crew and Nuvista have way more capex needed to maintain production going foward...as they have so much flush production.

Still at 3.75 after Q2...with oil under 70.  I will take that.  Future is still bright and Q2 of other companies will futher show this.

OBE has a path to continued FCF.  Benefit of the old cardium pool that is mature and keeps pumping.





David01montreal wrote:
k23 what's up, nothing to say are you a pumper for obe or management, or went to another stock board to pump another losing co. I MISS YOU Not ,for investors in obe glta


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