Obsidian Energy Ltd T.OBE

The big lie holding oil prices down is being exposed

[thetruth54]

OPEC was finally able to expose the lying Socialist hack organization known as the IEA. Anyone who ever believes anything that organization says is a complete fool. They are nothing more than a paid propaganda arm of the corrupt Socialist EU elites.  

 

Kateryna Kadabashy and Yongchang Chin

Thu, Mar 14, 2024, 
 

  (Bloomberg) -- "Oil Advances as IEA Predicts Supply Deficit for Rest of 2024

 

Oil gained for a second day as the International Energy Agency warned of a supply deficit throughout the year and US crude stockpiles shrank.

Brent futures traded above $84.50 a barrel to the highest intraday level in six weeks. IEA reversed its previous expectations of a surplus as OPEC+ looks set to continue output cuts in the second half of the year."

[thetruth54]

Hopefully, this leads to a breakout for wti and that investors wake up to the fact that OBE is increasing production very fast with a rising oil price. Obe should easily be out performing its peers. My hope is that investors wake up and realize this so that it doesn't just move up with them as has been the case in the past. OBE is massively undervalued!