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

Obsidian Energy Ltd > You are cheerleading and not looking at the facts

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Sep 24, 2023 1:01pm

212 Views

Post# 35651282

RE:You are cheerleading and not looking at the facts

One other point here thetruth54....if OBE was ever to buy a cardium competitor in future years they would be getting the company with a likely improved balancesheet.

Example, BNE and IPO and Entrada balacesheet is improving with high oil prices right now but is the number of tier future cardium drilling locations increasing for any of these companies?

OBE can wait this out.

Scarity of high tier cardium locations will drive mergers in Cardium, question of when and how stubborn market is.

Lots of cardium locations exist that can payout in 20 months but those wells shouldnt be drilled right now.

<< Previous

Bullboard Posts

Next >>

Unique Battery Metals opportunity in Quebec