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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 11, 2021 12:30am
109 Views
Post# 34113427

RE:Coming up....

RE:Coming up....This the company OBE bought the 45% of Prop from...I like the desrciption..."controlled by the Chinese Government" lol....

Winter Spark Resources, Inc. is a company headquartered in Calgary, AB, Canada and ultimately controlled by the Government of China. The firm functions as an investment holding company.






kavern23 wrote: OBE should have a press release around the corner as they have too do one when they close PROP deal..so prob sometime next Monday to Wednesday range a release should come out.

News and getting rid of uncertainity is always good.

And OBE prob will promote more as they prob are waiting until PROP officially closes before putting up the PROP presentation stuff on website.


Not the 88CF in Q4 that excites me the most....it is that our "production profile" is very condusive too  very stable next 12 months production levels.

OBE hasnt even got it's flush lift yet.  Any kind of sucess in that bluesky pad and OBE should be over  30000 BOE at some in Q1.  They have alot of wells.

OBE is hooking up wells more in Q4 at 13 then the 12 total it did in last 9 months.

13 wells hooked up in Q4 plus 13 in Q1 of 2022 will really jack things up because OBE drills quality wells.  Time was just needed to get it drilled.

I don't have any of the Penwest baggage so maybe I see OBE different then others.

I dont't have any negatrivity of the past and I think some people on other boards do.

Obsidian is a very exciting company. I may have got too agressive today but I am so exicted for Q4.



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