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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 Hendrick3on Jul 06, 2022 8:41am
115 Views
Post# 34804447

RE:RE:RE:WTI price

RE:RE:RE:WTI price

I may be grasping at straws but the plunge is completely out of sync with the reality of an energy crisis. So I look at it like a murder scene (certainly a lot of blood). Who has the motive? Obviously the Biden administration has the motive. I also suspect that the fed could take their massive resources to create a short blitz in the paper markets knowing that once triggered, the computer and momentum trading would carry it from there. So it's a conspiracy theory still at this stage but I don't know how else to explain the irrationality. 

As for OBE, it's now trading under 2 x FFO which is simply ridiculous. Nothing changed in my bullishness for the sector or the stock. Looking forward to the refinance announcement due in the next 10 days. 

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