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 > A rocket ready to take off

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Comment by Tim14235on Sep 08, 2021 10:25am

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Post# 33824467

RE:RE:A rocket ready to take off

I agree, decisions have to be made because although we are trending higher, we remain dislocated from peers.

The cycle will only last so long.

Too much land, distance seperated assets without proper capital to exploit them. They need to sell whatever they can when they get a fair price. Then the stock rerates quickly imo

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From now on, dynaCERT instead of Bitcoin or NVIDIA?