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 > Q1 2023

<< Previous

Bullboard Posts

Next >>

Comment by JohnJBondon Apr 02, 2023 4:40pm

263 Views

Post# 35374941

RE:Q1 2023

Here is a fun fact.

If Q1/23 FFO was about $96-100 million (after an ugly Q1)

How does that compare to the year ago quarter (Q1/22).

Even though Q1/23 had ugly product prices, it far exceeds Q1/22!

FFO in Q1/22 was $78.6 million, or $0.97 per share.

So despite ugly product prices in Q1/23, it looks like Q1/23 may have cash flow that is 23%+ higher than the year ago quarter!

ie, a good chance that the quarter just ended, is better than the same quarter a year earlier. Thats a positive headline I was not expecting.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing