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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 Hendrick3on Nov 18, 2021 3:22pm
122 Views
Post# 34142381

RE:PROP

RE:PROPI am sure that OBE would not get this far in the agreement in principle without having cancellation fees should the Chinese company pull the plug. That would only be prudent to cover the costs of arranging financing, brokerage fees on the certificates etc.  I also don't think they would be circling a date on the calendar without some assurances from the company. I know we have been burned before on getting deals closed but this looks pretty done to me. 
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