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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 > Chevron and Exxon results
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Comment by JohnJBondon Apr 29, 2022 1:08pm
109 Views
Post# 34642858

RE:RE:RE:RE:RE:Chevron and Exxon results

RE:RE:RE:RE:RE:Chevron and Exxon results Many of these Chinese electric cars replace bikes for city travel.    They have little impact on oil production.

IF it were their diesel fleet of delivery trucks, and heavy equipement that switched to plug in, then we may see an oil consumption impact.

Big dense cities like those in China are not car friendly as it is.

Look at Japan for example, and all those mini trucks and cars they use - not far to drive, and hard to park

This is an example of what those Chinese plug in cars look like


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