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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 > Refinancing
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Comment by JohnJBondon May 27, 2022 12:56am
186 Views
Post# 34711154

RE:RE:RE:RE:RE:RE:RE:Refinancing

RE:RE:RE:RE:RE:RE:RE:Refinancing

I think this unit was on OBEs back burner list.    

WCP apparently wants to drill it out and has the expertise to do so. 

OBE probably got an offer from WCP to sell their share that they felt was too low given their view of future oil prices.   

The alternative would seem clear - hand over operating control to WCP and pay their share of future development.   

OBE gets their share of increased production.   OBE can now afford to pay for development.   OBE can focus on their core area and delegate this unit to WCP

Sounds like Win Win to me

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