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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 Oct 18, 2023 10:19am
173 Views
Post# 35688886

RE:Talking

RE:TalkingI appreciate what you wrote but I would not put the emphasis you do with regards to the importance of these clowns they call analysts. Moreover, to date all Loukas has offered is plans that have failed or never been completed.  Make no mistake the main thing moving OBE now is the gross chronic undervaluation of its fantastic  assets despite underachieving management. It is that fact plus the strong macro economic factors driven by OPEC and now the Mideast war potentialy spreading that is the catalyst for the stock. Moreover, for the more astute investors the opening of the Trans Mountain Pipeline next year may also be a factor because OBE has the Peace River and plans to emphasize increasing that portion of their drilling portfolio so to speak. But sadly mangement has very little to offer regarding moving the stock currently. To date they only have a trail of failed or incompleted intitiatives and wishful thinking with a new plan to increase production. 
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