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 > Operational Update with Increased Production Guidance

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Comment by kavern23on Oct 28, 2021 9:15am

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Post# 34058011

RE:RE:RE:RE:Operational Update with Increased Production Guidance

Tks Tim...I read release so fast I missed the

"third quarter production to average approximately 24,150 boe/d based on preliminary estimates."

Amateur hour on my part.

I am happy to have a Q3 esimate still from company. Sept looked like 1000 BOE down compared to July and August.

Nothing to be concerned about but nice to have this.

Tim14235 wrote: Strange that they cannot harden a date? Last quarter was the same pattern and it came out a day early at a weird time. Last night's PR was a weird time too. Probably nothing to it but is he timing something. TVE results were right before. Last Q it was Whitecap results right before. Maybe trying to steal investors by having them do the comps...

And the below statement I found odd. Why do they need to estimate q3 production? It expired a month ago?

"third quarter production to average approximately 24,150 boe/d based on preliminary estimates."