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 > Good Day!

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Comment by kavern23on Dec 17, 2021 1:51pm

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Post# 34241461

RE:RE:RE:RE:Good Day!

Tim...it actually has turned out to our benefit that OBE has not released any news.
In such a bad market most news is going to be ignored right now.

Market is for sure spooked by covid right now and prob good if news is saved until a better time.

Odds are still high OBE buyers defend this at this price level through this covid variant scare.

Tim14235 wrote: This weakness lately has always been bought up.

There has been a lurker in this name for a long time. An american buyer would not need to file anything since it is unregistered. I think some party has been accumlating for several months.