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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 > Chesapeake Sale $1.4B
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Post by arnolddiver on Jan 20, 2023 10:16am

Chesapeake Sale $1.4B

Yesterday Chesapeake Energy sold some of it's eagle ford propertty for $1.4B USD. This particular land produced around 27k boe. Reason, to focus on its natgas production. What's more interesting. It was bought by a private equity firm backed by warburg pincus. Obe is 30k plus. Let's see what the reserve report says also.
Comment by JohnJBond on Jan 20, 2023 12:48pm
Eagle Ford land in which the tier 1 locations have already been drilled 
Comment by masfortuna on Jan 20, 2023 12:57pm
 Fair enough BUT I don't think management are interested in selling.
Obsidian Energy Ltd
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