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

Obsidian Energy Ltd > WTI vs Brent Spread...

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on May 18, 2022 8:42pm

90 Views

Post# 34694212

RE:RE:WTI vs Brent Spread...

Flipped today and WTI was at a slight discount to Brent by end of afternoon.....

Totally means that USA oil production increasing from 11.8 to 11.9m barrels partly drove WTI direction today. Traders will start pricing in USA production growth if the weekly reports show growth.

Jason Kenny was spouting off in Washington that Canada had capacity to increase exports by of pipeline by 300K per day by end of this year plus 200k extra by rail car. Then 400k more capacity in 2023.

Sure sounds great.

Lol...but does the USA market need all of this oil supply....with permain growing by 80k a month...i am not so sure alberta expanding production is a good idea for medium term WTI prices.