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

Obsidian Energy Ltd > OBE vs Peers

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Comment by fortunefavorsuson Jul 05, 2022 6:05pm

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Post# 34803464

RE:RE:RE:RE:RE:OBE vs Peers

Yeah we are talking a few million in interest. Some traders always try to make it a bigger issue than it is. I saw this on the Surge and Baytex boards. Since then those stocks surged much higher as they paid down debt. I am far more concerned about paying down debt below $250.

Some investors in OBE don't like hedges but if they could added some more when oil was over $120 that would be great. At oil prices above $70 they should still generating excess FCF and growing production. This seems a steal at this price. At least some analyst are saying so with price targets.

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Who, why, and what of the great "Crypto Surge"