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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

Post by kavern23on Dec 22, 2021 12:58am
332 Views
Post# 34253269

Market

MarketPerstrudent do you think if Clearwater proves successful that paramount would have interest in prop? Ironically prop could have a bigger market then the one for Obe is a whole company.
paramount got out of Willy green when they sold package of assets gluancite wells to bonavista at such a cheap price. Paramount realistically would never have interest in all of Obe.
but ir Clearwater is successful our infrastructure in area would be handy for paramount to have.

So potential bidders for prop if that area is good;
headwater - obvious reasons 
paramount - obvious reasons
woodcote. Tve is looking to get out of cardium not expand presence
any of the private Clearwater players like spur or delta I don't think have the cash.
I would put ridgeback here but seeing how much money they seem to have and the aggressive land buying they are doing, they prob have juice to do something big if they want too for more then prop. Ridgeback and hammer head are two of the strongest mid caps left they can drill decently and westbrick. Clearwater is along the lines of a play ridgeback would do.

Whole company 
can only think of two that make sense 
baytex
ipco
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