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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 thetruth54on Apr 20, 2023 10:03am
158 Views
Post# 35405028

RE:RE:RE:Share buy back

RE:RE:RE:Share buy backIf the quarterly is not so stellar as most people expect it will surely in this market environment cause the stock price to drop. No doubt the shorts would desend on it like a plague. Therefore maybe that will be an oportune time to initiate the buyback as it will create even more ridiculously priced shares. Obe can buy back its shares at bargain basement prices while putting a welcomed hurting on the shorts that will no doubt appear. Maybe Loukas will use the next quarterly as the bait to lure the shorts in and then unlease the buyback in a humungous short squeeze driving the stock up. Now that would be a welcome reversal of fortune for us long time suffering Obe investors. One can only hope.   
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