Obsidian Energy Ltd

Obsidian Energy Ltd. is an exploration and production company. The firm engages in exploring, developing, and holds interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. Its property portfolio includes Cardium, Viking, and Peace River. The company was founded on December 27, 1979 and is headquartered in Calgary, Canada.

Earnings data Q4 2019

Earnings data Q2 2023

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Obsidian Energy's debt has fallen to CAD$303 million. Funds flow for 2022 of over CAD$550 million is in reach.

Obsidian Energy Has Become Attractive

Renaissance IPO ETF

Oil prices decreased in September as major central banks increased their interest rates to combat inflation. Opec+ is expected to announce a major cut in production to support oil prices.

Obsidian Energy Vs InPlay Oil: The Former Is Doing Better

• Seal 9-15 gas plant acquired in Peace River area• Second half capital program well underway in Cardium and Peace RiverCalgary, Alberta--(Newsfile Corp. - September 13, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the full repayment of the $30.

Obsidian Energy Announces $30.0 Million Term Loan Repayment, Operations Update and Facility Acquisition

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Obsidian's debt refinancing takes care of its near-term debt maturity issues that it had been pushing off for years. The 11.95% interest rate on its new notes is very high, but its interest costs won't be excessive (around US$1 per BOE in 2023).

Obsidian Energy: Addresses Near-Term Debt Maturities

Obsidian Energy has bounced nicely off recent lows. OBE trades at very low cash flow multiples and has a catalyst that could drive earnings on into next year.

Obsidian Energy: Low Multiples Make This One A Buy

Strong second quarter average production of 31,575 boe/d, an increase of 28 percent over 2021Rig-released 11 wells (11 net) and brought 16 wells (15.7 net) on production in the quarterSecond quarter funds flow from operations was $157.0 millionCalgary, Alberta--(Newsfile Corp. - July 28, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report operating and financial results for the second quarter of 2022.

Obsidian Energy Announces Increased Production and Financial Results in Second Quarter 2022

Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). In connection with the private placement of the Notes, Obsidian Energy also entered into a new $175.

Obsidian Energy Announces Closing of our $127.6 Million Senior Unsecured Notes Offering and New Debt Facilities as well as Repayment of our Existing Debt Facilities

Calgary, Alberta--(Newsfile Corp. - July 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis, $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). The Notes will be issued at a price of $980.00 per $1,000.

Obsidian Energy Announces Pricing and Issue of $127.6 Million Senior Unsecured Notes

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Proposed issuance of up to $125.0 million five-year senior unsecured notesProposed new syndicated credit facilities provide up to $225.0 million of available capacityCalgary, Alberta--(Newsfile Corp. - July 19, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the proposed private placement of senior unsecured notes and proposed new syndicated credit facilities. Obsidian Energy intends to undertake a proposed private placement of five-year senior unsecured...

Obsidian Energy Announces Proposed Issuance of up to $125.0 Million Senior Unsecured Notes and New Syndicated Credit Facilities

Highest average quarterly production level since 2017 at 31,575 boe/d in the second quarter First half development program completed with strong resultsCalgary, Alberta--(Newsfile Corp. - July 14, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces our preliminary second quarter 2022 results and an extension to our syndicated credit facility to July 29, 2022, to accommodate timing associated with our debt refinancing. "We...

Obsidian Energy Announces Preliminary Second Quarter 2022 Results and Extension to Our Syndicated Credit Facility

The management team at Obsidian Energy just announced financial expectations covering the rest of 2022 as well as 2023. The data shows a significant ramping up of spending, production, and cash flows.

Obsidian Energy: An Attractive Play On High Oil And Gas Prices

New corporate presentation and management webcast available for replay on websiteCalgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4,...

Obsidian Energy Announces Voting Results from the 2022 Annual and Special Meeting of Shareholders

2022 guidance increased to an average production range of 31,500 to 32,500 boe/d based on expanded capital development program Second half 2022 four-rig drilling program includes 38 operated wells (35.5 net) of which 26 wells (24.1 net) are expected to be on production by year-endFull year 2022 activity combined with our preliminary 2023 forecast increases 2023 average production to between 37,000 and 38,000 boe/d, a 52 percent increase over 2021 Calgary, Alberta--(Newsfile Corp. - June...

Obsidian Energy Announces Expanded 2022 Development Program, Increased 2022 Guidance, and Preliminary 2023 Forecast

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Obsidian Energy And Baytex Energy: 2 Canadian Oil And Gas Stocks That Could Double From Here

Obsidian has bumped up its 2022 production guidance by 1,200 BOEPD (from initial guidance) due to increased heavy oil production. It is also drilling new Viking wells, which will further add to its production and is not captured in current guidance.

Obsidian Energy: Increased Production Volumes From Heavy Oil And Viking Wells

Syndicated credit facility revolving period extended to July 15, 2022, to accommodate timing of debt refinancingReturn to development drilling in Viking areaCalgary, Alberta--(Newsfile Corp. - May 31, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the revolving period in our syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing. We are also pleased to announce the...

Obsidian Energy Announces Extension to our Syndicated Credit Facility and Development Drilling Program in our Viking Play

Obsidian Energy has a high quant rating due to a cheap valuation and continued growth. Obsidian Energy had been disliked for many years due to bad performance, but I see a turnaround.

Obsidian Energy: 300% Upside; The Best Stock For Oil Bulls

Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling successActive first half four-rig drilling program with 19 operated wells (18.5 net) rig-released in the quarter and 14 wells (13.5 net) now on production Strong production rates from new Peace River wells from late 2021 and early 2022 programs2022 production range further increased by 200 boe/d to between 30,300 to 31,300 boe/d Funds flow from operations...

Obsidian Energy Announces First Quarter 2022 Results

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Calgary, Alberta--(Newsfile Corp. - April 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our first quarter 2022 financial and operational results before North American markets open on Wednesday, May 4, 2022. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, on SEDAR at www.sedar.com,...

Obsidian Energy Announces Release Date of First Quarter 2022 Results

Obsidian Energy is a mid-sized Canadian E&P that has substantial reserves and acreage in the Cardium Formation of Alberta, Canada.

Obsidian Energy: Substantially Undervalued And Poised For Strong Growth

All 2021 development drilling program wells on production8 wells from 2022 first half development program on production with an additional 7 expected in the second quarter 2022 production guidance range increased by 1,000 boe/d to 30,100 to 31,100 boe/d with first quarter production of approximately 29,400 boe/dAcquisition of 14 sections of Peace River land prospective for Bluesky and Clearwater opportunitiesCalgary, Alberta--(Newsfile Corp. - April 12, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE)...

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