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 > US.

<< Previous

Bullboard Posts

Next >>

Comment by Hendrick3on Oct 14, 2021 3:10pm

118 Views

Post# 34006478

RE:RE:RE:RE:RE:RE:RE:US.

The weekly inventory reports particularly at this time of year don't tell you much about what the oil price should be. There are refinery shutdowns which cause build up and then draw downs after they are complete. With crude cargoes being very large just the timing of a shipment can skew the numbers. I wouldn't give these weekly reports any of your concern.

<< Previous

Bullboard Posts

Next >>

dynaCERT leans into global growth with new HydraGEN orders