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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 > OBE Opinions
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Post by kavern23on May 06, 2022 4:29pm
187 Views
Post# 34663405

OBE Opinions

OBE OpinionsOpinions are like a %%holes...everyone has one....not saying anyone should listen to me...but my call that after Q1 that OBE would trade very swingy each day for next 6 weeks has been right.  

As i have no clearity on commodity prices...have 2 scenarios for OBE rest of 2023.....

Bearside with commodity prices low: 6.17 for a share price low......
Bulllish with commodity prices high as f*ck:  14-16

Hence why I am planning to buy between 8-9 dollars...with tons to bullets too average down to 6 bucks if needed.

Anyone that is going to tackle OBE should leave average down money....I dont think you can time this.


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