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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 kavern23on Jan 15, 2024 11:48pm
195 Views
Post# 35828220

Think of it this way…

Think of it this way…You claim to be a long time Obe shareholder so what do you think Obe share price would be right now if a different management team was in place and didn't buy prop 45 percent interest for 36m back in nov 2021. That was a ballsy and gutsy move as Obe only had 35m available debt faculty.
have to give credit when it is due as it was a very shrewd move because it was timed when money was hard to get making. price for asset even lower.

If management team only focused on cardium probably not 9 dollars right now


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