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 > courtesy of Ertex Investor village OBE mentioned

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Comment by JohnJBondon Aug 02, 2022 4:08pm

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Post# 34866587

RE:RE:RE: courtesy of Ertex Investor village OBE mentioned

K that EIA July info is an estimate

In 2-3 months the actual numbers will come out

They will be a lot less

The EIA has a standard estimated forecast growth rate in their estimation model

It looks good, but it's wrong

Thats why the actual US numbers are in decline. May production was less than April production.

And yes the US total production in October May be less than the actual production in May

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