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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.


TSX:OBE - Post by User

Comment by Hendrick3on May 05, 2022 10:20pm
136 Views
Post# 34660986

RE:RE:Not long ago here

RE:RE:Not long ago hereI prefer OBE. I prefer the free cash flow be put into growth projects that have a 200% IRR. Ultimately that compounding will result in much greater returns than a dividend today. If we wait another 6 months longer the dividend will just be that much bigger. I also applaud their efforts to drill while costs are still reasonable. The accelerated 1q drilling was a great idea. The competition for rigs and supplies are intensifying and so it is good they get the work in as soon as possible. 
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