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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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

Obsidian Energy Ltd > When will the current quarter results will be out?
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Comment by JohnJBondon Mar 03, 2022 10:19pm
166 Views
Post# 34481717

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

RE:RE:RE:When will the current quarter results will be out?OBE's policy has been to hedge about 50% of its oil, but to do it on a short term basis - ie one month out.

I assume that policy has not changed.

Remember the WTI price you see quoted on TV is the price for the closest (most heavily traded)  futures contract.    ie, right now the quote is US$110.18, but that is not todays price, that's todays price for the futures contract for delivery in April - thats not the spot price.

At the moment the price has jumped for the next contract.    The price declines for further dated contracts.
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