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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 03, 2022 3:44pm
137 Views
Post# 34480518

RE:When will the current quarter results will be out?

RE:When will the current quarter results will be out?About half of the oil OBE sells today, is hedged - meaning they locked in the price about a month ago.    The other half is sold at the daily price.

The price today is higher than it was a month ago, so the total revenue from oil sold today will be higher than it was a month earlier.

Prices change each day.     There are about 90 days in each quarter.   So yes, during the days this quarter that prices are higher, then revenue will be higher too.    We do not know how many days these high prices will last - ie, they may or may not last for the rest of this month.

Last year they reported Q1 on May 7.    Expect something similar this year (give or take a few days).


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