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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 Sep 08, 2022 7:10pm
194 Views
Post# 34950869

RE:Dropping Fast - OBE

RE:Dropping Fast - OBEDay to day action is not a good indicator of relative performance. Firstly OBE recovered off the July lows of $8 very quickly than others hitting in the 13.50 area a couple of weeks ago. Most others never saw that big bounce. Most are around their July lows again so in fact OBE is about 25-30% over the competition relative to July lows. If it goes back to an 8 handle it would back to relative value. The stock is up over 100% YTD. Compare that to others and see what you think. 
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