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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 > 0il Build & Renewed Iran Talks Impact On Oil Will Not Last
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Comment by JohnJBondon Oct 27, 2021 10:44pm
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Post# 34057250

RE:RE:0il Build & Renewed Iran Talks Impact On Oil Will Not Last

RE:RE:0il Build & Renewed Iran Talks Impact On Oil Will Not Last
As for oil - today saw a build in US oil stocks - becaase the US imported more Oil.........lol  (can you say smoke and mirrors)

More importantly Cushing Inventories fell, and are getting surprizingly close to the panic level.

I suspect oil will be back on the advance very soon once the smoke clears.
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