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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
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Post by geezer21on May 20, 2022 2:22pm
76 Views
Post# 34699053

Gas Stocks Down 4.8 mbl, Demand Up to 9 mb/d

Gas Stocks Down 4.8 mbl, Demand Up to 9 mb/d
https://www.zerohedge.com/markets/gas-prices-hit-another-record-high-today-whats-biden-doing
 

Gas Prices Hit Another Record High Today, What's Biden Doing?

by Tyler Durden
Friday, May 20, 2022 - 01:01 PM

 

Record high gas prices for the 11th straight day...

MishTalk.com's Mike Shedlock checks in on gas prices... and the Biden administration's plans to deal with them...

AAA reports Increased Gas Demand Pushed Pump Prices Higher

Since Monday, the national average for a gallon of regular gasoline has increased by 10 cents to $4.58. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 4.8 million bbl to 220.2 million bbl last week. On the other hand, gasoline demand increased from 8.7 million b/d to 9 million b/d. Tighter supply and increased demand have pushed pump prices higher. This supply/demand dynamic, combined with volatile crude prices, will likely continue to keep upward pressure on pump prices.

Gas price info courtesy of AAA
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