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 > Europe Oil Stocks at 10 Year Low

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Comment by kavern23on Nov 04, 2021 9:06pm

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Post# 34089982

RE:RE:Europe Oil Stocks at 10 Year Low

Over 88 WTI would be awful imo.
Realsitically USA shale would pick up...it just would...especially when Permain companies have lots of wells that produce lots of asociated gas with that oil.
Economics would get too silly if oil got near 100 with 5.5 for ng.

And current rig fleet can drill faster and cheaper now...eventually more iron would go back to work as energy poducers would try drill more. Labour shortage would be overcome if commodites get high enough.

Been technology gains...companies have the ability to drill boomers especially if you go crazy in cost and frac hard. look at the expensive wells Paramount doees. Worth it at these prices.

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