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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 23, 2021 9:13am
92 Views
Post# 34156339

RE:RE:RE:RE:RE:Too Cheap to Pass on

RE:RE:RE:RE:RE:Too Cheap to Pass onIt should be an interesting day. Biden is supposed to announce a 30M SPR release.
Basically the amount of crude that gulf shut in September from hurricane were offline.

Very silly...if USA wants cheaper energy prices they need a over 80 WTI band to stimulate drilling.

Lower oil prices is actually worse lol.  Eventually over time higher oil would have lead to increased USA oil production.

No plan in the USA. 

I can buy  alittle OBE today as margin is squared up yesterday. Need to see how it looks.

GL today.

Mickey2 wrote: I agree...i see crude oil futures drop to about $72 a barrel...In essence, i'm waiting to pickup OBE in the low $4's

Kramerkarma wrote:
think there is cheaper in store for us.... sorry and yes I was buying last week ... just don't think it's peak fear yet...




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