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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 > Receipt deal closes Nov. 18
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Comment by Mickey2on Nov 16, 2021 11:17am
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Post# 34131917

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Receipt deal closes Nov. 18

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Receipt deal closes Nov. 18
pennydredful wrote:
Both   receipts   and  of  course   shares  will  be  trading  Nov.   18th.  . The  receipts   will  continue    to  trade   till   the  deal  closes  .  Once  the  deal  closes  the receipts   will  automatically   convert   to  shares   .  In  the  unlikely  case  the   deal  does  not   close  ( say  a  1%  chance,   all  funds    4.40  are   returned to  receipt  buyers)  .   The  receipts  and   shares  will    trade    in  close    proximity   to  each   other  but   a   gap   could  open  if   shares   go  sharply    up   or   sharply    down.   Ten   to   14  days  after   the  deal   closes   often   the  analysts    of  the  under writers   will   issue   a  new   BUY   report  


what will be the symbol on TSX? are you sure the receipts will trade on nov 18th? ok thank you.
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