Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets
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Obsidian Energy has announced the sale of its operated Pembina assets for $320 million, comprising cash, equity, and a stake in the Willesden Green Cardium Unit #2 Field. This transaction will reduce debt and enhance liquidity, allowing Obsidian to focus on growth in the Peace River asset.
February 19, 2025 | 10:30 pm
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Obsidian Energy's sale of Pembina assets for $320 million will reduce its debt and enhance liquidity, positioning the company for growth in the Peace River asset.
The sale of assets for $320 million, including $220 million in cash, will significantly reduce Obsidian Energy's debt and improve liquidity. This positions the company for future growth, particularly in the Peace River asset, which is a positive development for investors.
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