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 > WTI at 94

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Comment by JohnJBondon Feb 13, 2022 2:51pm

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Post# 34424624

RE:RE:RE:RE:WTI at 94

About 2.5 million barrels per day of Iran's oil is used internally.

Iran is already exporting about 1 million barrels of oil per day.

That means Iran could maybe add another 500,000 boe per day this year.

It is an error to believe that Iran could 1.5-2 million barrels of oil into world markets fairly fast.

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