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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 Aug 15, 2024 10:43am
259 Views
Post# 36180501

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

RE:RE:RE:RE:RE:RE:RE:Market Cap Just to clarify I am not anti Obe as the pumpers and spinners on this post want to define me. To the contrary as an obe shareholder, I would love to see Obe stock rise at least to a fair market value. I am in the camp that Loukas is nothing more than a failed hedge fund owner with no experience as a Ceo of an oil company who is failing in that experimental role as well. He needs to be replaced so that Obsidian's world class assets as described by the late great Rick George can be realized in the form of increased shareholder value for all obe investors. Loukas is a failure and needs to be replaced now. The only time Obe moves is when the price of oil moves. Loukas has not created shareholder value for Obsidian investors. Obe is a penny stock based on the reverse split that he instituted. Moreover ,Obe investors get no dividend. He is just milking the rich compensation program he set up that Obe investors are paying dearly for. Please e-mail  Gordan Ritchie the Obsidian Chairman as I have to request to have Loukas be replaced with a proven Ceo that has experience irunning an oil company.
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