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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 6:21pm
119 Views
Post# 34238818

RE:Good Day!

RE:Good Day!I agree man..fundamentals look sweet if we can just get through this little bit of covid uncertainity.

The volume was so sh*tty pretty much on everything even though higher oil prices....

I decided to sell small amount at 4.48-4.52 that got yesterday, not upset about it as I couldnt really afford them in first place lol, ended up buying 22000 yesterday. Didnt look like we would rise futher today and way too overextended with debt on OBE.

OBE kinda needs 300-400k shares trading on TSX to go up 20 cents on a day..

I can just hold OBE and not have to watch so closely each day with margin...until lol I lose control tomorrow.

Still over double the shares in OBE than versus summer, just need these prices to continue.


Kramerkarma wrote:
didn't have to pull any crazy levers and go all in on OBE but it's still tempting. EIA was crazy good. USA production was the only worry but the South American pipeline down is dealing with that and soon duc count will make them shift rigs all to Permian or have decline. So take from Peter to pay Paul kinda stuff. Nat gas AECO is creeping up. Like just great all around! Let's see the numbers OBE!!!


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