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 > TSX Short Interest

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Comment by JohnJBondon Nov 20, 2021 1:44am

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Post# 34148893

RE:RE:RE:TSX Short Interest

The PROP acquisition is good for OBE

The share price volatility was caused by the private placement of the receipts

There will be an incentive to close these shorts if the price gets to 4:40

Given that China has been rationing deisel to truck drivers it seems they have a major shortage and they will buy all they can get. Any sell off in oil is likely to generate increased Chinese buying

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