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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 thetruth54on Nov 08, 2023 9:30am
216 Views
Post# 35723316

The price of wti now shows why Loucas's Plan will fail

The price of wti now shows why Loucas's Plan will fail This 3 year plan to increase production will end up to be another one in a long and growing list of Loucas's unfulfilled or failed plans. It is based on the idea tha the commodity price will cooperate. It is highly doubtful that the price of oil will support the plan which at it's best will extend Loucas's projected timeframe  out years even if the company was ever to attain the production goals he hopes for. This is a plan from a CEO that is learning on the job at the Obe investors expense. Of course Loukas will come out and blame the commodity price. But that is not the reason for failure. Plans based on  hoping for a cooperative wti price is just that hope. Sorry but hope is not a plan and Loukas is not a good CEO. The outcome of this plan will be that years will go by with little to no shareholder value being created. It will just be more of Loukas's inability to create shareholder value these past 4 years. What was Einstein's definition of insanity? Just keep doing more of the same thing and expecting a different result. Obe investors need a new CEO.
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