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 > NR Thoughts.

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Comment by kavern23on Apr 12, 2022 4:32pm

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Post# 34598229

RE:RE:NR Thoughts.

CLearwater wells are not fracked so porosity and permeabiility is massive.
Can't create it pumping sand.

It is so variable a section over can have thicker zone.

A ton of oil in ground means nothing if no porosity.

kavern23 wrote: A high quality reservoir means it has good porosity and permeability.
Which means if oil was there it would flow very hard.

OBE probably so excited as half the battle is finding good porosity and permeability

Clearwater is a very narrow abnd hence why it wasnt developed ten years ago.

They just need to drill where the oil band is thicker.

baytex and tarmack are getting variable results as well.