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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 > This company is flying
View:
Post by Hendrick3 on Apr 12, 2022 7:55am

This company is flying

Operational update shows great progress. Now looking to have average production of 31,000 bbls/ day. This should add significantly to cash flows especially at these prices. I like the hedging is still prudent and short term. This stock has so much upside.
Comment by masfortuna on Apr 12, 2022 8:59am
And the hedges are actually high  with about 40% hedged ($125 for April). Mas
Comment by AtomicForce on Apr 12, 2022 12:14pm
I like the land acquisition. Drilling results were good overall, but the results from the clearwater well were disappointing. Does anyone understand much about what is going on with the deal with Whitecap? 
Comment by Mickey2 on Apr 12, 2022 12:35pm
well, they drilled into an untested sand in that clearwater well.  You hit some, and miss some. Thats what exploration is.
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