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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 TheRexmemberon Dec 31, 2021 2:11pm
225 Views
Post# 34274538

Always liked the massive land position this company had

Always liked the massive land position this company had

Then camed the bloated company, declining production, poor asset management, bad balance sheet and brutal costs. Can you believe these guys had over 3000 employees at one point? 

now we have a focused company, growing production, falling costs, a fraction of the employees and growing cash flow falling debt and the intrigue of an emerging new (highly profitable) play that has exploded the share price of baytex and headwater. 

I own a little BNE too but I am glad the takeover did not go through. 


they are great to compare to each other. 

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