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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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

Obsidian Energy Ltd > Reflections
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Comment by kavern23on Jun 18, 2022 1:28am
202 Views
Post# 34766427

RE:RE:RE:RE:Reflections

RE:RE:RE:RE:ReflectionsBNE has f'in dropped from 13 bucks to 9.61 in what 10 days.  The 10m payments they have to make for next few months in this market sentiment equals a share price pummeling.

kavern23 wrote: The short term problem through is alot of investors are going to sit on the sidelines before buying and will wait as if oil ever touches 100 bucks, market sentiment is so bad it would take this to 10 bucks if lucky...maybe 8-10 bucks if 95 -98.

Not my fault, dont shoot the messenger but companies like BNE, OBE, and CJ will drop harder then average. Is what it is....maybe oil will not drop and that wont be an issue. 




JohnJBond wrote: 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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