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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

TSX:OBE - Post Discussion

Obsidian Energy Ltd > Blitzkreig...
View:
Post by kavern23 on Dec 20, 2021 11:58am

Blitzkreig...

What a pelting today lol...WTI was down 2 bucks last night and with a Biden Covid speech on tuesday coming a person knew what today was going to be all about....

Still hope OBE doesnt release news in this climate...press release is doing nothing until people calm down.

Got the margin call covered and wait it out time.

Fundamentals are still fine, choppy waters right now.

GL all.
Comment by Goldenwest on Dec 20, 2021 1:03pm
It's tough to know what to do on days like today. Added some OBE at $4.02 and initiated YGR at $1.30...had to take some profit in TVE to raise $$ though. Tough to sell something like TVE on a -6% day. First tranche of YGR I've bought since $0.42 back in 2020 which I long since sold...hopefully you are right and they are spending more on the fracks. Some incredible cardium wells in 2018-19 ...more  
Comment by kavern23 on Dec 20, 2021 1:15pm
Well it was positive that YGR didnt test 1.20 when those 60000 plus shares got put at 1.28...someone bought them quick quick. You should do really well both on YGR and OBE at these prices. Only thing keeping me from buying is I am margin guy so down swings I can tackle issue on buy side. It would be much worse if OPEC broke up or USA production was 13M barrels right now. Similar times to August ...more  
Comment by kavern23 on Dec 20, 2021 1:38pm
Time to spend more Xmas money on stocks.  Got 5,000 more with an unfilled order for 1,000 at 4.08 and time to grind....sure the shorts will fill my last 1000 at 4.08 soon. Lol is it too much to ask Santa for a plus 4 dollar close today.
Comment by kavern23 on Dec 20, 2021 2:36pm
I expected the board trolls to come out in full force if OBE closed under 4 today...lol These are the days they like to come out. Kramer close to joining you in the "all in" OBE club. For sure overweight in OBE now.  Would have preferred to see NOV prod before todays buys but it is showtime and go time. Just needed to be sure wouldnt test and close below 4 before buying today. 4 ...more  
Comment by kavern23 on Dec 20, 2021 5:04pm
"Still, lower exports are expected from Russia with exports and transit of oil from the country planned at 56.05 million tonnes in the first quarter of 2022 versus 58.3 million tonnes in the fourth quarter of 2021, a quarterly export schedule seen by Reuters showed on Friday. China’s diesel exports in November plunged 69% from a year ago as refineries prioritised domestic supply to ease a ...more  
Comment by Kramerkarma on Dec 20, 2021 11:03pm
just getting caught up now. I had my own hell to deal with today. What a day. But not bad close! And driving data a fee airportd and lybia is all bullish . Omnicron is def weaker and should burn out soon. I'm totally thinking perfect set up for 22' also wishing I saved all my ammo I had for days like today lol .... but whatever can't know the future but can do your best and work around ...more  
Comment by kavern23 on Dec 21, 2021 12:57am
Exactly the attitude to have.  I should have production post out tonight sometime.  Need to check on any abnormal.  BNE, OBE, and YGR all had strong Nov's from first glance....IPO was slightly below those three but still fairly solid Nov.  July wells are holding decently for them.
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