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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 24, 2022 8:45pm
193 Views
Post# 34460221

RE:RE:RE:RE:oops i accidentally saved my previous post prematurely

RE:RE:RE:RE:oops i accidentally saved my previous post prematurelyDid you notice the sanctions today make exceptions for energy payments..........lol

Russia and US can push and pull each other, but Russia needs to sell its oil and gas and the US needs that oil and gas in the market.

What we are seeing however is a portend of what is to come - not from this Ukraine situation, but from the point of view of conflict over resources.

Imagine if Russia responded by cutting off all oil and gas sales to Europe and the US, or anyone who does business with them.   Thats the sort of thing that would lead to an invasion to get the oil / gas.   Russia is too powerful to invade, but other places arn't   

When there is not enough oil to go around, someone goes without.   IF that someone has an army, they may decide to use it to make someone else go without.

Luckily Canada is linked at the hip to the US, otherwise it would be an easy target for invasion.     Canada is the world's 4th biggest oil producer, and no army to protect that resource.   
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