Bullboard - Stock Discussion Forum 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... see more

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Obsidian Energy Ltd > Europe Oil Stocks at 10 Year Low

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Post by geezer21 on Nov 04, 2021 8:51pm

Europe Oil Stocks at 10 Year Low

OSLO/LONDON, Sept 22 (Reuters) - European gas storage levels are at their lowest in at least 10 years ahead of the crucial winter heating season, exacerbating the risk of further price spikes from already record-high levels.

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Comment by kavern23 on Nov 04, 2021 9:01pm

Thanks for posting Geezer. WTI is back over 80 as I write this so fingers crossed the asecent continues upwards. I just want oil to sit between 80-85....test 85...then to 80...I can live with that cyle for more months. And if Trudeau f8cks up the canadian dollar which he likelty will...we can gain on the currency of a droppng canadian dollar.

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Comment by kavern23 on Nov 04, 2021 9:06pm

Over 88 WTI would be awful imo. Realsitically USA shale would pick up...it just would...especially when Permain companies have lots of wells that produce lots of asociated gas with that oil. Economics would get too silly if oil got near 100 with 5.5 for ng. And current rig fleet can drill faster and cheaper now...eventually more iron would go back to work as energy poducers would try drill ...more

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