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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 kavern23on Jan 16, 2024 10:27pm
144 Views
Post# 35830453

RE:Kavern: Which one are you?

RE:Kavern: Which one are you? Try using thoughts.

Look at OBE/Penwest performance between 2013-2017....Obe was down to like 31.5k boe a day.
Current day OBE is already producing more than that. 

OBE is actually on a path to growth versus the prior contraction.

How come OBE/Penwest doesnt own rights to a montny play right now when other companies were buying land from 2013-2017.....

So thetruth54...dont go pumping on how great the prior OBE/Penwest management teams were compared to the current team.

It should takes some drilling and time for results too fully appear.

The  three year plan is brillant.
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