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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 > WTI vs Brent Spread...
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Post by kavern23on May 16, 2022 12:41pm
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Post# 34686558

WTI vs Brent Spread...

WTI vs Brent Spread...Wow...is it incredibly interesting how for the first time in a long time...since mid day last week the WTI vs Brent spread has moved from WTI being 2.50-3 dollars a barrel lower then Brent to 20 cents....

In theory the weekly USA inventory reports should start showing oil builds as it is not economic to export as much oil from USA.  It costs way more then 20 cents a barrel to ship oil.....

Wild times.....

NG was up 45 cents two hours ago...now 5-7 cents.....wowzers
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