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 > Whitecap-XTC purchase

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Post by Hendrick3on Jun 28, 2022 6:51pm

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Post# 34788987

Whitecap-XTC purchase

They paid 1.7 billion for 32,000 flowing barrels, ratio of gas to liquids similar to OBE. If this was Obsidian it would translate to $17 per share not counting that OBE is above 32,000 bbls per day, huge tax pools etc. seen as an excellent deal for WCP so it just shows how massively underpriced OBE is. This may be the start of another phase in M&A.

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