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Bullboard - Stock Discussion Forum Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Energy Oil & Gas E&P Energy
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 > Refinancing
View:
Post by arnolddiver on May 25, 2022 10:33am

Refinancing

Dotting the i’s and crossing the t’s on the refinancing documents as we speak!

Comment by JohnJBond on May 25, 2022 3:45pm
How much are they doing?
Comment by arnolddiver on May 25, 2022 4:04pm
Not sure. I'm just assuming based on strong trading lately. It is holding up nicely. Refreshing. Marc on the yahoo boards did mention whitecap getting more of obe's wells. 
Comment by JohnJBond on May 25, 2022 9:03pm
Whitecap has not got any of OBE's wells.    This block is jointly owned by OBE and Whitecap.    OBE was the operator.    OBE has transfered operatorship to Whitecap. Imagine two people own a car, one is in the driving seat and the other is in the passenger seat.   Now imagine they agree to change positions.    Their ...more  
Comment by kavern23 on May 26, 2022 6:41pm
I think mystery either way John on if Whitecap got more OBE wells in that part of Pembina.... That Marc poster mentioned from Yahoo seems to be fairly credible from what I remember altough I havent been on Yahoo in awhile.  I tend too agree with Marc but I am not 100% sure. I doubt OBE always owened only 45% of that pembina unit..had to be more at some point.  Very possible the 400 ...more  
Comment by kavern23 on May 26, 2022 6:49pm
"PEMBINA CARDIUM UNIT NO. 11 COMMERCIAL AGREEMENT Obsidian Energy and Whitecap have entered a broad commercial transaction that enables the recommencement of development in one of the most prospective areas of the Cardium, Pembina Cardium Unit No. 11 ("PCU 11"), with upwards of 70 gross horizontal producing opportunities yet to be drilled. As part of this agreement, Obsidian ...more  
Comment by kavern23 on May 26, 2022 6:55pm
Whitecaps share of that unit is likely the 33738 BOE that ran through OBE faculties for April minus the 31488 boe that I am showing....that should be ballpark of WCP 55 % interest...alittle over 2k boe a day..... When OBE does transfer it to WCP too operate....I will have too add probably around 2k boe a day to OBE monthly as then it will show under WCP...    ...more  
Comment by JohnJBond on May 27, 2022 12:56am
I think this unit was on OBEs back burner list.     WCP apparently wants to drill it out and has the expertise to do so.  OBE probably got an offer from WCP to sell their share that they felt was too low given their view of future oil prices.    The alternative would seem clear - hand over operating control to WCP and pay their share of future development.   ...more  
Obsidian Energy Ltd