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 > Bloodbath…anyone adding?

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Comment by kavern23on Dec 03, 2021 10:13am

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Post# 34194433

RE:RE:RE:Bloodbath…anyone adding?

Journey Energy is a good value play. Usually quite illquid and doesnt trade much but today it has volume.
But Joy's exploration potential isnt remotely close to OBE's.

I think all of us OBE'shareholders will be pleasantly suprised at the future drilling results.

Even at a 65-70 WTI band...we are still going to be rolling in 70M plus a Q ffo as our light oil content is going to rise with the amount of newer wells on production.

And our natural gas hedge is beautiful played perfectly.

Kramerkarma wrote:

Kramerkarma wrote:
I got 6k $ of OBE at 4.4 and 6k of JOY 1.55. We will see oil burning for electricity this winter, opec pull back, nat gas soar and CAD at 1.3+ .... yup I'm bull!

this is my evidence to myself I should move the money. I like OBE nat gas hedges also.