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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

Post by arnolddiveron May 29, 2022 12:21pm
325 Views
Post# 34715416

Canadian Oil Mafia & Michael Blair

Canadian Oil Mafia & Michael BlairSo there's this group on twitter called the Canadian Oil Mafia (COM) and they host these twitter spaces. I love listening to them and they r huge supporters of the canadian oil industry. A few weeks back Michael Blair who has been so bearish on OBE the past few years on Seeking Alpha was on the call. He stated that OBE has the worst management team. Well, a couple days ago, he's on the call again and I straight up ask him why he has that opinion. First, he states that the current management team is ok. He had issues with the Penn West team. Well I'm thinking to myself a lot has happened since Penn West and the only conclusion I can come up with. Blair lost a lot of money in Penn West. A lot of animosity there. Second point, Blair mentions that OBE should have done the Bonterra merger. And I'm thinking dude you have no freakin clue what you're talking about. Have you seen today's obe and bonterra price...obe is priced higher at this very moment. The deal would have been a disaster to obe shareholders. So another conclusion. Blair probably is good friends with Fink and these old farts (who I respect) were very wrong on obe. There is some collateral damage from the Penn West days but hopefully that will fade really soon!
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