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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 JohnJBondon Nov 19, 2021 1:50pm
93 Views
Post# 34146787

RE:RE:RE:RE:PROP

RE:RE:RE:RE:PROP
There may have been (were) stop loss orders under a few day traders positions.   

With a thinly traded stock like OBE its pretty easy to get a cascade of these triggering, resulting in a quick duck dive.

I'm a long term holder, and my postition was built last year.    That said,  I couldn't resist adding a few more today.

The energy crisis is not going to go away if a bit more oil comes out of the SPR.    I feel  confident the Chinese would urge Biden on, while giving instructions to buy all they can on days like today.   The Chinese know we are in an energy crisis and will be happy to take advantage of Biden's anti carbon myopia.
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