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.

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Obsidian Energy Ltd > Reflections

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Comment by JohnJBondon Jun 17, 2022 10:57pm

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Post# 34766347

RE:RE:Reflections

If 37500 boe is their target for a sale, then we can work backwards from that number to guesstimate the sale price they are looking to obtain

Given their tax loss asset, the limited supply of oil globally, the potential WTI price in 2023, and their land in the Clearwater I wonder if they think $100,000 per flowing barrel is achievable?

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