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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 Darwynon Aug 13, 2024 11:24am
290 Views
Post# 36176575

RE:RE:RE:RE:RE:Market Cap

RE:RE:RE:RE:RE:Market Cap Here is the thing, SLwas installed to position OBE for a future transaction. The oil in place was always there. The Pennwest fiasco brought consideral baggage to the newco. SL is a financial engineer and not an  "oil guy" but is surrounded by guys who buy and large are executing on a strategy to maxmize a sale going forward. This has clearly taken longer than expected and IF they do get to 50,000 bpd while managing cashfow to control debt and retire shares I expect a dance partner to appear but probably not in the near future. SL has over 900,000 shares owned directly and another 3.8 MM indirectly and to suggest that hs interests are not aligned with shareholders is asinine. "The truth" and all 43 shares she has in OBE cannot own her investment decisions and she/ her/ it should concede defeat sell the shares and splurge at McD's!
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