Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by arnolddiveron May 31, 2023 10:24pm
218 Views
Post# 35474071

Surprising Biggest Chinese Bank is New Syndicate Partner

Surprising Biggest Chinese Bank is New Syndicate PartnerI have not seen an instance in the canadian oil e&p industry where there is a chinese bank as a syndicate partner. Very surprised by this development. SL kept good relations w/ the chinese. Remember the chinese soveriegn fund rejected Highwood's offer of $97m cad for obe's 55% PROP stake in 2019. Then in 2021, the chinese sovereign fund sold its 45% to obe for $22.5m. Obe's peace river asset is a lot more than what highwood valued it in 2019 at $176m cad. OBE was desperate then. Not today and blue sky is looking great w/ new production. 
<< Previous
Bullboard Posts
Next >>