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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 thetruth54on Apr 24, 2024 1:37pm
220 Views
Post# 36005474

RE:OBE as takeover target

RE:OBE as takeover targetYes, you are correct and that is what Loukas's plan is based on. But he has expersessed that Obe needs to grow production to that 50,000 B/day for them to be interested in it. Earnings are coming up in a week or so and Loukas should be giving some really good guidance for 2nd quarter as production is over 36,000 B/day and the commodity price has been cooperating so far in this second quarter. This should translate into significant increased cash flow going forward. Who knows maybe Loukas will use the increased cash flow to increase drilling in the second half of the year and speed up the process to getting to 50,000 b/day. Hopefully, this wakes up investors to buy the stock and the brain dead analysts into upgrades for Obe.  
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