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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 Mar 02, 2022 12:41pm
179 Views
Post# 34475496

RE:RE:relentless seller

RE:RE:relentless sellerWe appear to be in that inbetween phase as one group of buyers transistions to another.

ie, the penny stock chasers, get replaced by the dividend seakers.

There is a gap inbetween.

We also have the momentum guys who jumped in when it ran up from $4's.    Now their computer programs are suggesting the momentum has stopped and they cash out.

We also have the fundamental analyst types who continue to accumulate when opportunities present

Then there are those who follow a protfolio approach, that has them reduce sectors that have become over weight, and distribute over the rest of the portfolio.

Lost of different strategies all occuring concurrently.   

In a thinly traded stock like OBE, sometimes one dominates a trading period.




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