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 > Q4 is good!

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Comment by kavern23on Dec 29, 2021 11:02am

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Post# 34267593

RE:RE:RE:RE:Q4 is good!

Well still hard to cut through the bullsh*t on 2022 commodity prices...still don't believe all the bullishness around oil prices in 2022...although I am optimsitic WTI can stay in a 70-88 band in 2022.

OBE is very torquey though...wild traders in it.

I think 8 dollars plus is doable by May and 11-12 by Dec.

I mean look at Seeking Alpha on the BNE article. OBE has alot of the smart American investors in it. Canadian energy investors that are slower to warm to OBE.

More Canadians buying OBE in 2022 will help.