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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 Flush11on Jun 16, 2022 4:10pm
122 Views
Post# 34762559

RE:RE:Not a Fan of the update

RE:RE:Not a Fan of the update
small piece of the whole picture but I think all of the companies I have ever followed managed to get viking wells drilled for well under a million dollars the last few years. I have not bothered to look this year because outside of TVE the Viking does not really interest me. Small wells, lots of drilling and more of a manufacuring approach and a nasty treadmill to get stuck on.

It just confirms how scattered their plan is.
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