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 > Short position...Sept 30th

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Comment by Hendrick3on Oct 08, 2021 4:37pm

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Post# 33990495

RE:Short position...Sept 30th

My guess is that shorts were added today when the stock went over $5. I think algorithms are set to sell above $5. The illiquid nature of this stock makes it a target for games by traders. The disconnect from fundamentals is massive. Declare a dividend soon and the games are over. No short likes covering a dividend payment.

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