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.

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Obsidian Energy Ltd > Thoughts

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Comment by JohnJBondon Nov 09, 2022 9:18am

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Post# 35084821

RE:Thoughts

I suppose now it's time to focus on Q4

It seems that average q4 production will be 33,000 or higher - ie 10% more than Q3

We know what prices were in Oct and the first week of November

The main variable seems to be prices during the rest of Nov and Dec

Time will tell. In my view probability favours higher prices for the rest of Q4

All of which means Q4 should generate quite a bit more free cash flow and income than Q3

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