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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 32,000 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 in 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 Franman184on Apr 07, 2024 8:06pm
173 Views
Post# 35975950

Thers a storm brewing

Thers a storm brewingLooks like the US goverment is pointing the finger at Fatih Birol of the international energy agency for not providing accurate facts. Looks like he was leaning to favour the climate agenda. The supply demand forecast could be alot worst than most people have been led to belive. The lack of investment is about to hit hard in the next few months and years. I worry about demand destruction should oil exceed $120 and above. I think we are all better off to be in the $75 to $90 range. Do you want a quick buck or big profits over a longer term.
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