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

Obsidian Energy Ltd > OBE Q3 EARNINGS OCT 31, 2024

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Comment by Helloworldon Oct 30, 2024 1:34pm

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RE:OBE Q3 EARNINGS OCT 31, 2024

A little bit of buying into earnings. It has to be a fantastic report. $1.50ish in FFO per share, there will be debt reduction, there will be 39k+ production (annual growth of 20%).

I just hope they curtail growth for a while and buyback tons of stock if the price stays low.

I think it isnthe constant PR reminder that they are growing to 50k in a year with falling oil prices that is scaring investors away.

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