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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 Mar 14, 2024 8:31am
165 Views
Post# 35932214

The big lie holding oil prices down is being exposed

The big lie holding oil prices down is being exposed
OPEC was finally able to expose the lying Socialist hack organization known as the IEA. Anyone who ever believes anything that organization says is a complete fool. They are nothing more than a paid propaganda arm of the corrupt Socialist EU elites.  

 
  (Bloomberg) -- "Oil Advances as IEA Predicts Supply Deficit for Rest of 2024
 
Oil gained for a second day as the International Energy Agency warned of a supply deficit throughout the year and US crude stockpiles shrank.
Brent futures traded above $84.50 a barrel to the highest intraday level in six weeks. IEA reversed its previous expectations of a surplus as OPEC+ looks set to continue output cuts in the second half of the year."
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