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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

Obsidian Energy Ltd > Rough 2 Weeks
View:
Post by Helloworld on May 15, 2024 5:17pm

Rough 2 Weeks

Down 20% in two weeks. 

Company has really walked themselves into a giant mess... saving 30% on a contract vs 4500 bbl/d shut in with no clear path to restore production. 

They should sell of the asset if they can't manage first nations relationships properly.
Comment by Hightowntrader on May 16, 2024 12:02pm
The extortion has to stop. All the companies in the area need to hold hands and make sure they never deal with the Woodland Cree in the future.  Reward those that play fair, ignore those that don't.
Comment by thetruth54 on May 16, 2024 5:05pm
It starts not with the companies but with the corrupt Socialism that Canada and the US have now. The corrupt Socialist Trudeau regime enables these groups by supporting all their extortion. Socialists don't believe in free markets. They control and pick and choose who are the winners and losers.   
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