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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 Sep 22, 2023 2:50pm
213 Views
Post# 35649823

RE:Nobody

RE:NobodyLoukas has a long way to go bring shareholder value to where it should be. Before the announcement of the Peace River development plan this company assets were worth $20 plus US. Lets see Loukas execute a plan. To date he has not folowed through to complete any  of his plans,Cardium consolidation,buyback and last years plan to increase capital spending to increase production all of which have been abandoned or not achieved.  This is why the stock is so undervalued. If he executes the plan and the true valuation of the company is achieved I will be the first one as I stated to congratualte him as he will havefullfilled the job which he has been hired to do for the investors. But he has a long way to go. Why you get excited about a valuation of $8 US when the company is currently worth $20 US is moronic. To date all he has done is issued plans. Greatness comes with execution. I live in the real world. You can't deposit,plans,hope or any of the other happy talk that is put forth on this website in any bank in the world. Of course I hope that Loukas finally does follow through and executes as it will make me a lot of money. This is an investment not an exercise in expressing hope,plans or debating. It is all about the money. SHOW ME THE MONEY: Mr. Loukas!
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