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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 Dec 16, 2021 10:35am
101 Views
Post# 34236645

RE:RE:Bonterra Curse (lol).....

RE:RE:Bonterra Curse (lol).....Ole George put out a BNE 2022 Guidance press release out I see.....

Based on BNE producing 13500 BOE, they are expecting 150CF and 90 FCF at 70 WTI...with only Q1 in 2022 with slightly sh*tty hedges.

Bodes extremely well for Obsidian.

In 2022 we should be looking at 320 CF and 180 FCF as prelim numbesr for OBE.  Over double BNE size in 2022.

Well BNE will be more even to OBE on a % basis in 2022 the Q4's in 2021 will be so different.

Those BNE hedges in Q4 2021 will really hamper debt repayment compared to OBE's Q4.

BNe has 2250 at 48.61 WTI hedged in Q4.

Totally agree Rex.  PNE and BNE merger so much sense.

And even from an "estate planning perspective" for those insiders.

The independent board members BNE added would be for "indepedent viewpoint" on potential deals  involving companies with an insider relationship.


PNE would give BNE the added juice for quicker repayment.

BNE is 1 year behind it's competitors due to that hedging in 2021.

TheRexmember wrote:

Hilarious. I own them all, plus a decent amount of YGR and PIPE. My Surge buy is looking a bit weak though. 

still say BNE should just buy PNE. Near zero decline, near zero debt in 3 months at PNE. It would deleverage the balance sheet and add 50 million in free cash flow at 3.75 gas. They both have some wells to abandon otherwise good operators. Gas might not be king right now but it will surely be the queen as we get closer to LNG Canada opening. 



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