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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

Comment by JohnJBondon Jun 02, 2022 12:01am
183 Views
Post# 34725395

RE:RE:Today

RE:RE:Today

The trading in OBE was interesting and different today 

I wasn't watching all day, but the period I did watch was interesting 

The bid and ask volumes were changing continuallly between transactions on the TSX.     Meaning other markets were affecting the TSX on a second by second basis or even split second basis 

It wasn't just little trades either 

At one point there were about 50,000 shares offered at 13.50.    


The ask was jumping around from 13.45 - 13.50.     Then the 13.50s got bought all at once and the bid/ask moved higher 

I can't remember a time I've seen the bid ask lots jump around so frequently 

Other comparables were not behaving that way 

Seemed like too many chefs in the kitchen all at once, bumping into each other 

Something different for sure.    Will be interesting to see what happens next 

Todays activity was company specific 

Company specific activity is independent of market and commodity prices 

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