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home / news releases / OBE - Obsidian Energy: Strong Production Growth Expected For 2022

OBE - Obsidian Energy: Strong Production Growth Expected For 2022

Obsidian Energy Ltd.
  • Obsidian Energy's 2022 production guidance is better than I expected, driven by stronger heavy oil production.
  • Obsidian's recent heavy oil wells have performed well and should have excellent margins at current strip.
  • Obsidian is now projected to reduce its net debt to under US$150 million by the end of 2022 at current strip.
  • It appears fairly valued for a long-term $65 WTI oil environment now, but may have a bit more upside in a long-term $70 WTI environment.

For further details see:

Obsidian Energy: Strong Production Growth Expected For 2022
Stock Information
Company Name: Obsidian Energy Ltd.
Stock Symbol: OBE
Market: NYSE
Website: obsidianenergy.com
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