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OBE

Obsidian Energy Ltd.

https://www.obsidianenergy.com

Industry

Oil & Gas Exploration & Production

Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.

Open

5.20

Mkt cap

402M

Volume

456K

High

5.45

P/E Ratio

-2.93

52-wk high

9.07

Low

5.16

Div yield

N/A

52-wk low

4.74

Obsidian Energy has updated its offer to purchase $3.0 million of its outstanding 11.95% Senior Unsecured Notes due in 2027. This move is part of the company's financial strategy to manage its debt obligations.

Portfolio Pulse from

March 14, 2025 | 11:15 am

Obsidian Energy has announced an offer to purchase up to $3.0 million of its outstanding 11.95% Senior Unsecured Notes due in 2027. This move is part of the company's financial strategy to manage its debt.

Portfolio Pulse from

February 26, 2025 | 12:15 pm

Obsidian Energy has confirmed the filing of its 2024 year-end disclosure documents, which is a routine regulatory requirement.

Portfolio Pulse from

February 25, 2025 | 9:45 pm

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.

Portfolio Pulse from

February 25, 2025 | 12:15 pm

Obsidian Energy has announced its capital program and guidance for the first half of 2025, focusing on 38 net operated wells in the Peace River asset and initiating a Clearwater waterflood program.

Portfolio Pulse from

February 25, 2025 | 12:15 pm

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.

Portfolio Pulse from

February 19, 2025 | 10:30 pm

Obsidian Energy's Q4 2024 production exceeded expectations, reaching 40,000 BOEPD. The company is on track to meet its 50,000 BOEPD target for 2026. However, potential tariffs could slow near-term growth.

Portfolio Pulse from

January 25, 2025 | 10:00 am

Obsidian Energy has announced its 2024 operations update, highlighting an estimated average production of 37,450 boe/d, which exceeds their guidance range. The company has completed its 2024 capital program, further delineating its Peace River acreage. Successful drilling results were reported in the Peavine and Gift Lake areas, with the Peavine 8-13 Pad achieving a 30-day IP rate of 302 boe/d per well. Additionally, Pembina results surpassed expectations with over 1,100 boe/d from the two-well 12-19 Pad.

Portfolio Pulse from

January 14, 2025 | 12:15 pm

Cunard has announced that jazz artists Jools Holland OBE and Jamie Cullum will perform on the Queen Victoria in 2025, highlighting the cruise line's focus on music collaborations.

Portfolio Pulse from

December 31, 2024 | 5:00 pm

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Portfolio Pulse from

November 18, 2024 | 5:30 pm

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