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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

Comment by JohnJBondon Feb 23, 2022 8:20pm
228 Views
Post# 34456100

RE:RE:RE:RE:RE:RE:RE:Multi lateral wells and other plays.....

RE:RE:RE:RE:RE:RE:RE:Multi lateral wells and other plays.....It will indeed be interesting to see what updates they may include in the their Q4 and 2021 results.

Pretty well everything except their Q4 exit has been previously released.

They predicted $88 million in funds flow for Q4 about a month or so before the end of the Quarter - oil sold off in Dec/21 and the Prop purchase was a week or so late, so they may be a little under that $88 number.

Hopefully they have an update on drilling results for earlier in Q1, and/or something to say about debt financing.

BTE seems to be in a much better space this quarter than last.

The share price went from $4.71-5.21 over Q4, so there shouldn't be much of a performance payment surprise.
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