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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 JohnJBondon Jun 04, 2024 9:46pm
214 Views
Post# 36072425

RE:Solution to the dispute..

RE:Solution to the dispute..BC's Blueberry decision has made BC uninvestable in my view.   Putting Oil/Gas producers in the position where they have to employee two contractors - one aboriginal, and one to actually do the work.   Who knows what this evolves into - the whole mess is fertile ground for organized crime to move in to control the vacuum.  I see one big horror show in the making.

Alberta can't let that happen.

I hope the WC get what they deserve, which is fair pay for work done.

If they want more, they are free to build their own oil / gas companies; buy mineral rights, and get to work like everyone else.  If the Federal Government decides to give them the money to do so, that is between the Govn't and WC.

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