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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 JohnJBondon Jun 29, 2022 12:12pm
194 Views
Post# 34790726

RE:RE:RE:RE:RE:RE:RE:Whitecap-XTC purchase

RE:RE:RE:RE:RE:RE:RE:Whitecap-XTC purchase

These companies are now making so much money that they will soon have no debt 

After that they either buy or get bought 

If you are a CEO who wants to keep his job, you think about buying 

If you are a CEO who has other things to do, you think about selling 

WCP decided to use their free cash to buy, rather than return it to shareholders - no big dividend for them 

Time will tell what Lukas does with OBE

I was thinking OBE would use a large dividend to raise its share price.   Then use its paper to purchase others 

Now I'm leaning towards OBE being bought by someone else

Presently foreign investors are reluctant to invest in Canada because of Trudeau.    Trudeau is apparently being pressured by Europe to increase production.     That pressure will increase as the energy crisis develops.     

Imagine how quickly the foreign investment situation would change if Pierre becomes PM.    Seems like a strong probability of that happening 

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