Post by
kavern23 on Jun 22, 2023 12:33pm
Wow...52 week low 7.34 share price.....
I have been out of market for awhile but if this hit 6.50 or lower...even with bad ecoomic sentiment...probably going to be very interested in this as an entry point.
Really hard to read how far retail selling will drop these canadian oil and gas stocks.
Is what it is and a person cant have any emotion to this.
I have looked at OBE's may production last night. we already know wildfires effected things.
I was more interested in invididual well peformance. Esther viking is really good....fantastic.
Way way more consistent between wells than Cardium.
The first well in that viking hotspot that led to all this drilling went online in August of 2022. So May 2023..it stil did 3100 barrels of oil for the month. Incredibliy good decline rate. Holding very well.
I see they have more viking licenses and that is likely going to be first priority for second hald capex.
Best return out of any play they have. Both the far east and west viking wells look good...so more room to run here.
Comment by
kavern23 on Jun 22, 2023 12:34pm
I meant lack of retail buyers letting stocks drop on such low volume makes things harder to "read:...
Comment by
JohnJBond on Jun 22, 2023 11:29pm
Work OBE buying shares themselves, oil would have to fall a lot for the share price to hit $6.50. Oil has solid resistance (buying) at $68-69 it would probably have to get to $60 for obe to have a chance to hit $6.50 Anything is possible in a flash, but OPEC+ is in the way