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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Comment by kavern23on Dec 21, 2021 5:28pm

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Post# 34252435

RE:RE:RE:RE:Today...

Did you make any moves today?

Once I felt like OBE wasn't going to break 4.40 (today) like Pennydreadful also commented on.
I sold the shares I bought under 4.10 yesterday at 4.37-4.39 to rebuy some YGR at 1.40-1.41 today.

Kinda a f*ck up on my part...should have been done when YGR was 1.35 but I think a shorter started covering in YGR today (national bank).

With margin retrigger overnight, going to be up at market open and need to rebuy 7000 OBE tomorrow to replace today.

I have the most balls with OBE to ignore price I am buying as I am most confidence in OBE.

I agree with you between price (awesome hedging) and growth...Obe is the place to be heading into 2022.