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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 JohnJBondon Jun 12, 2022 10:43pm
373 Views
Post# 34750727

Viking

Viking
Looks like the four wells at OBE 102 HZ ESTHER 1-20-32-1 are all done.

They seem to have taken 4 days each to drill, with the first of the 4 spud on May 25, the last on June 8.

This may be an interesting week.

The US fed will raise interest rates on Wednesday - thats in the market presently.    What he says on Wednesday may not be.

The OBE AGM is on Thursday, with a web presentation to follow.

Will be very interesting to here what they tell us.

Refinancing should be imminent.

H2 capex spending may be announced.   If its an increase, then that should be linked to an increase in production forecast.

The Q & A will be most interesting to me - particulary what they say about expected production, and dividends etc.

May be a volitile week with negative market news, and postive OBE news.

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