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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 15, 2022 2:52pm
209 Views
Post# 34759024

Fed done next AGM

Fed done next AGM

 Now that the US Fed decision is behind us, OBE shareholders are able to focus on what is said tomorrow at the AGM

The AGM will discuss the year past (2020)

Those listening will be looking for hints about what comes next

The AGM is not a news release 

News is released when required.   That means not before, and right after material events occur

They won't announce the refinance terms until that deal id done.    As soon as it is done they must disclose it.     It is unlikely that would happen at the same time as the AGM

There will be a board meeting prior to the AGM.    At that meeting the board may decide to change the H2 capex

The new info most likely to come out at the AGM May be a change to the 2022 capex (ie an increase to H2 capex).    

 

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