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 > WHAT PERCENTAGE OF GAS DOES OBE HAVE.?

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Comment by Kramerkarmaon Sep 09, 2021 11:06am

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Post# 33831112

RE:RE:RE:WHAT PERCENTAGE OF GAS DOES OBE HAVE.?

WanTBe1 wrote: Just over 30% natural gas is not enough. OBE must get this percentage of natural gas to 70% or Die.

sorry but your missing the point then. All the income is from liquids. Even at nearly 4$ today that's 24$/boe when pumping is 18$ and replacement is 18$ ... how do you profit? .... by selling 48$ NGL and 78$ oil is how.... its the equivalent of Starbucks selling 1$ pain small coffee ... they profit off the 8$ mocha latte frap a whack a Chinos

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