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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

Post by kavern23on Jun 01, 2023 11:11am
274 Views
Post# 35474868

Makes a person wonder....

Makes a person wonder....You look at todays EIA oil report...USA exported 4.9m barrels a day.  I have followed this for decades closely and I have never seen anything remotely like this. Last year after war USA was high and was exporting 3m.

USA must be supplying so much of Europes oil needs.

Lets use logic here,  If Russia is supplying India and Russia hard and Europe is gained to USA now......

Saudi, Kuwait, and UAE are getting worked over and must be angry.
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