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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 > Wow...52 week low 7.34 share price.....
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Comment by JohnJBondon Jun 22, 2023 11:29pm
315 Views
Post# 35510636

RE:RE:Wow...52 week low 7.34 share price.....

RE:RE:Wow...52 week low 7.34 share price.....

Work OBE buying shares themselves, oil would have to fall a lot for the share price to hit $6.50. 

Oil has solid resistance (buying) at $68-69

it would probably have to get to $60 for obe to have a chance to hit $6.50

Anything is possible in a flash, but OPEC+ is in the way 

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