Obsidian Energy Ltd T.OBE

Alternate Symbol(s): OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company’s principal business consists of the exploration, development and production of petroleum resources. The Company is mainly focused on the Peace River asset. The Peace River is a stable, cold-flow heavy oil Bluesky resource with Clearwater upside within the Peace River Oilsands region. It has full ownership in a large, contiguous 680 section area of land at Peace River. It has a production base of approximately 30,000 boe/d with the Peace River and is its largest asset as it grows its Clearwater and Bluesky production and establishes new fields in the area. Its other assets include Willesden Green and Viking light oil assets. It also has non-operated holdings in the Pembina Cardium Unit #11.

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Obsidian Energy Ltd

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Comment by thetruth54on May 07, 2025 8:22pm

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Post# 36565136

RE:RE:Loukas gets a $3million dollar comp package to deliver this

Because Loukas is running this company for his own good not the Obe investors. Dividends also provvide some degree of fiscal discipline on management. Loukas rolls the dice on risky strategies like increasing production spending millions just like his hedge fund days He has sucked up 9 million dollars in compensation the last 3 years and this is what he has given Obe investors: