Obsidian Energy: The Guide To Its Basic Profile

We won’t be able to read all the ominous information about Obsidian Energy. In fact, we might be losing all the available time we have for research and we still won’t get the information we need about Obsidian. In this article, we will try to address that by sharing to you only the most important information about Obsidian. So, shall we start?

 

The Operational Background

One important thing you may need to know about Obsidian Energy is the fact that it is right now one of the leading mid-sized oil production and drilling companies today that are based in Calgary, Alberta. It may also interest you to know that the company has been the S&P/TSX 60 today, which is a list of a series of companies listed under Toronto Stock Exchange. In between 2005 and 2011, Obsidian had also been able to maintain its name as a Canadian Royalty Trust, which is a reputable award in itself. It is also during this time that Obsidian reached a total market peak capitalization of around US $9.5 Billion. This makes the company one of the leading and fast-growing companies today.

 

Another interesting event that happened in the growth of Obsidian Energy was the time when it experienced a series of financial and operational difficulties at the time when the price of crude oil fell in great levels back in 2014. It is during this time that the company was able to force itself a significant overhaul of its operations to make sure to address the variety of its assets being sold out just to offset the losses.

 

The Location

It’s also public knowledge for everyone that Obsidian’s oil fields come from areas in Alberta, especially the one near the Western Canadian Sedimentary Basin. This is the region with the world’s largest reserves for raw petroleum, and has been the center of growth for the company. That said, it is safe to say that one big contributing factor to the success of Obsidian is the fact that it is located in an area abounding with riches in oil. That said, without its location, it would be hard to expect the success of Obsidian to reach the level it is right now. Click the Following Link for more information on Obsidian Energy.

 

Related: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

 

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