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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 Feb 08, 2022 12:59pm
116 Views
Post# 34409211

Disruption coming....

Disruption coming....Kramer the problem in the future is North America doesn't need the oil growth you are talking about......

I think due to housing cost...IE 800k is average in canada and USA has high housing costs...the public is going to be receptive to massive change in the future.

Alot of consumers will be so eager not to invest 40-60k in owning in a car or truck....the annual insurance and maintainancd cost....

Within 5-10 years....more and more people wont even own a car or truck...they will go on their smartphone app.....the self driving electric car will come to their door and self drive the conumer to whereever they want.  No more parking tickets...no more insurance....

This techlogy isnt far away.  Could be as soon as five years in major cities.

And consumers will save so much money.

I don't think a major new oil sands mine would have a good economic business case even without the ESG push....
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