Can python code (say if I used djangno) be obfuscated to the same 'level' as c#/java?
Obfuscation doesn't provide security. What you describe isn't security.
If you distribute your Python program or your Java program or your C program, it is vunerable. What protects you from people using what you distributed unfairly is the law and people not being jerks.
Obfuscation not only provides no security, it has the potential of breaking working code, hurting performance, and ruining documentation.
If I obfuscated python code, would it provide the same level of 'security' as c#/java obfuscating?
i.e it makes things a little hard, but really you can still reverse engineer if you really wanted to, its just a bit cryptic.