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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

Post by Spanitoon Aug 23, 2022 4:58pm
263 Views
Post# 34915403

NICE VOLUME AND NICE RIDE TODAY - OBE

NICE VOLUME AND NICE RIDE TODAY - OBEDid anyone catch today's interesting volume in New York on the Amex - 1.75 million shares traded.
And on the Canadian Stock exchange 781,000 shares traded today.  Wow,  interesting day today.

It was up as much as 14% today at $13.32 CDN,    then it spent the last few hours dropping down to close at $12.60 CDN at end of day.   That's a 70 cent drop from the day's high, but a 90 cent increase for the day which still is amazing.

It will be interesting to see what happens tomorrow.  I guess it all depends on what happens with WTI Crude Oil now at $93.79 & Natural gas now at $9.26


93.79 +3.43    +3.80%

And  Natural Gas climbed up to $10 and then dropped down to $9.26

9.264   -0.416  (-4.31%)


(-4.30%)93.79 +3.43    +3.80%
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