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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 Apr 10, 2024 3:58pm
292 Views
Post# 35981987

OBE BREAKING OUT ?

OBE BREAKING OUT ?I have been an OBE shareholder well into the Penn West days. It has been so long since I have seen Obe rise like this in a down market after a hot inflation number that I can't remember when. Back to back up days. Follow through up days. Now this looks like it might  finally be a breakout that all Obe investors have been waiting for a long time. If it is a breakout  this stock has a long way to even get a glimpse at a fair valuation. While I certainly welcome any anal ysts outperform rating ie RBC $14 Cad doesn't even get close to what is a fair valuation is for this company. But for now I will take it. Go Obe!
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