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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

Comment by kavern23on Nov 03, 2021 12:53pm
66 Views
Post# 34082790

RE:RE:RE:RE:IIROC Trade Resumption - OBE

RE:RE:RE:RE:IIROC Trade Resumption - OBEDrinking coffee and waiting patiently.....

Until mid Nov and this closes....my move is going to have a trading position along with core.
I did this in Oct with OBE...buy under 4.65 and sell over 4.90...or what "trader instinct says from market depth"

Currently at 4.70 and I dont think rush today...I want to get it at under 4.62 today so I wait.

Ironic thing lol is other stuff in port is doing great today, sucks when stuck in stuff and isnt an issue right now.

I do think people are wrong if they think todays drop is due to the deal metrics.

It is totally the issuing shares and oil sentiment today.

Going to be choppy until this closes., IMO.

But we are not f*cked...f*cked would be if oil was going to crash below 75 and todays inventory wasnt bad. I wouldnt short oil at 81 and shorting comodities is what i do lol.



SchoolNmoe42 wrote: well...kudos to those that got the 11% discount this am....lol

Tim14235 wrote: Yes, it was a glorious opportunity and glad I got a bunch in the first 5 minutes.    The tutes may want it cheaper for the offering but it aint going to happen.  Tiny offering is being marketed by two houses in two countries.  They will be heavy competition on the bid.  In the meantime, tutes willing to pay, who see the merits of the transaction, will buy open market today .

Got to love the knee jerk pipe reaction.  False flag.  Hopefully some shorts joined the party!




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