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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 20, 2021 1:15pm
103 Views
Post# 34247420

RE:RE:Blitzkreig...

RE:RE:Blitzkreig...Well it was positive that YGR didnt test 1.20 when those 60000 plus shares got put at 1.28...someone bought them quick quick.
You should do really well both on YGR and OBE at these prices.
Only thing keeping me from buying is I am margin guy so down swings I can tackle issue on buy side.

It would be much worse if OPEC broke up or USA production was 13M barrels right now.

Similar times to August and the Delta variant only Omricon (knock on wood) shouldnt drop things as bad as it got in August.
August was really rough for any of us that navigated through it....but it worked out nicely.


Goldenwest wrote: It's tough to know what to do on days like today. Added some OBE at $4.02 and initiated YGR at $1.30...had to take some profit in TVE to raise $$ though. Tough to sell something like TVE on a -6% day. First tranche of YGR I've bought since $0.42 back in 2020 which I long since sold...hopefully you are right and they are spending more on the fracks. Some incredible cardium wells in 2018-19 now nothing good for awhile. 


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