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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’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.


TSX:OBE - Post by User

Comment by kavern23on May 13, 2025 8:32pm
56 Views
Post# 36572563

RE:RE:RE:RE:RE:RE:A Gift

RE:RE:RE:RE:RE:RE:A Gift

Still really positive to have this oil price rally to 63.50 as I am sure a lot of companies have added new hedges...anytime light cad oil is over 85 cad-90 cad range be new hedging.
'wti was close to 64 for awhile,

good operators should still be able to print cf at 85 cad....hopefully inplay oil adds more oil hedges.
biiger problem for inplay if oil happened to sink to 50 than hedging at an oil price that may be a few dollars from the high. Too much downside risk when oil and gas could be low at same time depending on some factors coming up.

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