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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 5:04pm
90 Views
Post# 34248388

RE:RE:RE:RE:RE:Blitzkreig...

RE:RE:RE:RE:RE:Blitzkreig...
"Still, lower exports are expected from Russia with exports and transit of oil from the country planned at 56.05 million tonnes in the first quarter of 2022 versus 58.3 million tonnes in the fourth quarter of 2021, a quarterly export schedule seen by Reuters showed on Friday.

China’s diesel exports in November plunged 69% from a year ago as refineries prioritised domestic supply to ease a fuel crunch with state-backed refineries having raised oil processing rates.


These short'in pr*cks got so lucky temporarily that this varaint came...actual supply and demand  oil fundamentals are bullish.

Inida and China will use any of these dips to fill up their reserve tanks, as they are smart enough to grasp this is a short thing Omri "con".

I having a feeling this weeks EIA report will be bullish again. 










kavern23 wrote: I expected the board trolls to come out in full force if OBE closed under 4 today...lol
These are the days they like to come out.

Kramer close to joining you in the "all in" OBE club.
For sure overweight in OBE now.  Would have preferred to see NOV prod before todays buys but it is showtime and go time. Just needed to be sure wouldnt test and close below 4 before buying today.

4.08 is such a steal of a price if oil doesn't sh*t itself.


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