Obsidian Energy Stock Price, News & Analysis

Obsidian Energy (NYSE:OBE) has successfully completed a $30 million partial redemption of its 11.95% Senior Unsecured Notes due July 27, 2027. The redemption, executed on August 29, 2025, was conducted on a pro rata basis following the notice issued on August 18, 2025.

Following this transaction, the company's outstanding Notes balance stands at $80.8 million. The maximum semi-annual free cash flow offer required under the trust indenture has been adjusted to $17.0 million. The redemption process is being handled through Computershare Trust Company of Canada.

Obsidian Energy (NYSE American: OBE) has announced plans to redeem $30 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The redemption represents approximately 27% of the current $110.8 million outstanding Notes.

The redemption will occur on August 29, 2025, at a price of $1,029.88 per $1,000 principal amount (102.988% of principal), plus accrued and unpaid interest. Following the redemption, $80.8 million of Notes will remain outstanding, with future semi-annual free cash flow offer requirements capped at $17.0 million.

Obsidian Energy (NYSE American: OBE) has completed its previously announced cash offer to purchase up to $48.4 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The offer, which expired on August 12, 2025, was significantly undersubscribed, with only $1.4 million in aggregate principal amount of Notes being validly tendered.

Following the completion of the offer and settlement on August 15, 2025, Obsidian Energy now has $110.8 million of Notes outstanding. The purchase was conducted according to specific denomination requirements, with minimum amounts of $2,000 and integral multiples of $1,000 thereafter.

Obsidian Energy (NYSE American: OBE) has completed the sale of its entire common share position in InPlay Oil Corp. The transaction involved 9,139,784 InPlay shares, representing approximately 32.70% of InPlay's outstanding shares, sold to Delek Group Ltd. at $10.00 per share.

The total transaction value was $91,397,840, adjusted down by $29,563.49 for certain filing fees. The sale was executed under the private agreement exemption of National Instrument 62-104. Obsidian Energy plans to use the proceeds to reduce existing debt. Following the transaction, Obsidian retains only 20,834 restricted awards in InPlay, which are expected to be forfeited within 30 days.

Obsidian Energy (NYSE American: OBE) has entered into a definitive agreement to sell its entire stake in InPlay Oil Corp. to Delek Group Ltd. The transaction involves 9,139,784 InPlay shares, representing approximately 32.70% ownership, at $10.00 per share for a total consideration of $91,397,840.

The deal is expected to close in early August 2025, subject to customary conditions. The purchase price may be adjusted based on Competition Act filing fees and potential August dividend payments. Post-transaction, Obsidian will retain only 20,834 restricted awards, which are expected to be forfeited within 30 days after closing.

Obsidian Energy (NYSE:OBE) has launched a cash tender offer to purchase up to $48.4 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The company is offering $1,030 per $1,000 principal amount of Notes, plus accrued and unpaid interest. Currently, $112.2 million in aggregate principal amount of Notes are outstanding.

The tender offer will expire on August 12, 2025, with settlement expected on August 15, 2025. If the aggregate purchase price exceeds the Maximum Purchase Consideration, the company will accept Notes on a pro rata basis. The offer is not conditional on any minimum amount of Notes being tendered.

Obsidian Energy (NYSE: OBE) reported Q2 2025 results with funds flow from operations of $65.8 million ($0.94 per share) and average production of 28,943 boe per day. The company significantly strengthened its balance sheet through the sale of Pembina assets and actively pursued shareholder returns via share buybacks, repurchasing ~5.4 million shares (7% of outstanding) for $36.6 million during Q2.

Key financial metrics include net income of $15.3 million ($0.22 per share), reduced net debt to $270.2 million (down from $411.7 million in December 2024), and net operating costs of $13.54 per boe. The company's capital expenditures totaled $40.2 million, focusing on Peace River development and the Clearwater waterflood pilot project.

Since 2023, OBE has repurchased and cancelled approximately 20% of outstanding shares through its buyback program, demonstrating strong commitment to shareholder returns.

Obsidian Energy (NYSE American: OBE) has received a non-binding offer from an unnamed third party to acquire its entire stake of 9,139,784 common shares in InPlay Oil Corp., representing approximately 32.7% of InPlay's outstanding shares. The offered price exceeds InPlay's July 15, 2025 closing price on the Toronto Stock Exchange.

OBE has entered exclusive negotiations until August 1, 2025 regarding this potential disposition. As a result, the company has suspended its previously announced exchange offer to purchase approximately $10 million of its common shares using InPlay shares as consideration.

The transaction remains subject to negotiations, including discussions with InPlay regarding existing transfer restrictions effective until October 7, 2025.

Obsidian Energy (NYSE: OBE) announced its second half 2025 capital program, featuring $110-120 million in development capital expenditures for 28 net operated wells. The company plans to moderate near-term production growth and focus on per-share metrics through share buybacks following the Pembina asset disposition.

Production is expected to average 27,700 boe/d in H2 2025, building to ~29,000 boe/d by year-end. The company will allocate $62 million to Peace River and $52 million to Willesden Green developments. Additionally, Obsidian intends to launch a ~$10 million Canadian Exchange Offer to acquire OBE shares in exchange for InPlay Oil Corp. shares, representing about 3.3% of InPlay's total shares.