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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 > This Dog is Dying
View:
Post by Helloworld on Sep 27, 2024 2:47pm

This Dog is Dying

Just laying over and dying. 

52 Week Low on a big bounce back day for the sector. 

Down 40% since April. 

Heavy selling on any bounce. 

Market begging for a strategy shift.
Comment by kavern23 on Sep 30, 2024 8:57pm
Todays press release should help stop pelting. obe price should stgthen in short term as long as heavy oil stays above 48-50 usd. shutting down cardium drilling is a good thing right now considering price circumstance of ng.
Comment by gordo323 on Oct 01, 2024 12:52pm
Totally agree Kavern.
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