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

Obsidian Energy Ltd > 3 month chart

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Post by kavern23on Dec 17, 2021 1:18pm

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Post# 34241310

3 month chart

Interesting to see...

But on the three month chart so until Sept 17th....

OBE was 3.66 for a low on Sept 20th and is 4.20
IPO is also higher then it Sept low

But Bonterra, YGR and Surge are actually lower today then their Sept low.

Cardinal is slightly higher today even then their Sept low.

The reasons are likely Q4 hedging for BNE and SGY and sh*tty Q3 results for YGR.

But stuff like IPO, OBE, JOY have held better in this covid beating then others as we can see.
BNE Sept 20 low was 5 bucks and today it hit like 4.88. Has to be Q4 hedging...same with Surge that is causing extra pain.

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