Obsidian Energy Announces Fourth Quarter and Full Year 2024 Results
Portfolio Pulse from
Obsidian Energy reported a strong financial performance for 2024, with a 14% increase in funds flow from operations and a 16% rise in average production. The company also repurchased 6% of its shares and expanded its capital program to boost production and reserves.
February 25, 2025 | 12:15 pm
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Obsidian Energy reported a 14% increase in funds flow from operations and a 16% rise in production for 2024. The company also repurchased 6% of its shares, indicating strong financial health and shareholder value enhancement.
The significant increase in funds flow and production, along with share repurchase, suggests strong operational performance and financial health, likely boosting investor confidence and positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100