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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 > Best of both worlds
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Post by JohnJBondon Jan 06, 2023 9:13am
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Post# 35206472

Best of both worlds

Best of both worlds This mornings US jobs number looks like the best of both worlds for US oil

A decline in new jobs compared to the month prior - but still 200,000 plus new jobs to increase oil consumption 

and

A reduction in the wage growth increase - ie indication the wage inflation is abating

These are indicators that increased us interest rates are working to reduce inflation and creating a soft landing

In other news China is moving to support is real estate development sector - ie economic stimulus - also positive for demand  


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Dealroom for high-potential pre-IPO opportunities