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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 > NR Thoughts.
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Comment by kavern23on Apr 13, 2022 6:57pm
124 Views
Post# 34602185

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NR Thoughts.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NR Thoughts.I remember the progranda analysts saying "oh look at Europe NG storage levels....what a crisis...lets slamm natural gas prices to insane levels"....look at the results guys.
Covid distorted production levels but once companies ramp up...we will have a similar energy situation to 2019...ie...higher prices cause oversupply in time....

I expect things to be choppy as f*ck if war ever ends...as oil and gas production is robust if companies have incentive to boost production.

"With yesterday’s injection, European #natgas inventories climbed to 1067 BCF, just -75 BCF below year-ago levels. This represents a rather dramatic improvement after storage levels entered 2022 with a -773 BCF year-over-year deficit."



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