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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

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Post by kavern23 on Jan 10, 2023 11:04pm

Ceo

Good to see they renewed Stephen.
Stephen as done an excellent job.
Not his fault sentiment is down in market.

I think it is a strong move as if oil has 2-4 months of  weakness....more chance a M&A opportunity comes up in Cardium....and Stephen can really shine here. Good to have a strategic thinker like Steve.

But operationally Stephen has got a team around gin that will find oil well if it exists in ground.
Using technology and drilling long wells. Pads...everything good.

I am sure they find oil in 2023 in Prop. Have two rigs in prop and companies like OBE dont miss anymore much as technology and drilling has improved in last 5 years.
Comment by JohnJBond on Jan 11, 2023 10:06am
Agreed In my view it means front four have not yet achieved what they what to achieve with OBE ie the activist fund still wants their hands on the wheel 
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