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.

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Obsidian Energy Ltd > EIA Inventory draw

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Post by AtomicForceon Mar 23, 2022 8:11pm

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Post# 34539815

EIA Inventory draw

Total commercial oil + products + strategic petroleum reserve drawdown = 10.9M barrels last week. For oil bulls, fantastic news. We are seeing strong drawdowns every week and SPR releases can't keep up throughout the summer. If Europe toughens its stance on Russian oil, you'll see $150 WTI this year.

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