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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 kavern23on Jul 14, 2022 10:13am
164 Views
Post# 34823868

RE:Press Release

RE:Press ReleaseUnfortuinate they dont have any light oil hedged for Aug, Sept, Nov.......

Light oil is nice too see increasing in production and back over 12k.


fortunefavorsus wrote: Based on the press release I believe they could pay down another 40 million at the end of July so the amount financed even at high rates will not be that much and long term debt will be under $300 million soon.  They do have 6200 hedged at $139 in July.  Looks great but again bad timing on press release.  OBE the most undervalued oil stock in Canada?


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