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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 kavern23on Sep 24, 2024 9:51pm
167 Views
Post# 36239522

Strategy

Strategy Low ng prices and the low ng curve from 2025-2028 is even more of a reason to keep growth growing hard in peace river for rest of 2024.
the whole cardium becomes way less drillable for 2025 if natural gas doesn't go above 2 bucks.

Spending capital in 2024 makes the company more stable if oil is 65-70 and ng is bound in 1.40-2.5 range for 2025.

I can see both Bne and Obe redoing their 2025 capex plans to have even less drilling on their cardium stuff.

key Obe success is to keep hitting lots of wells in peaceriver.
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