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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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

Obsidian Energy Ltd > Looks like oil is finally breaking out!!!!!!!!!!!!!!!!!!!!!!
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Post by thetruth54on Mar 18, 2024 3:54pm
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Post# 35939019

Looks like oil is finally breaking out!!!!!!!!!!!!!!!!!!!!!!

Looks like oil is finally breaking out!!!!!!!!!!!!!!!!!!!!!!Investors should be buying OBE with both hands. Rising oil prices,OEC cutting production,EV cars are dying along with all the other ESG nonsense , China's economy is improving Trans Mountain soon to open and OBE is dramaitcally raising production. Moreover, we are moving into a strong seasonal demand season. Obe is massively undervalued. Investors need to buy and buy now!!!!!!!!!!!!!!!!! 
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