Welcome to our dedicated page for Obsidian Energy news (Ticker: OBE), a resource for investors and traders seeking the latest updates and insights on Obsidian Energy stock.
Obsidian Energy Ltd. reports news about its oil and natural gas production business in Alberta, where it explores for, develops and holds interests in properties and related production infrastructure in the Western Canada Sedimentary Basin. Recurring updates focus on operating results, capital programs, reserves, production performance and development activity across assets including Peace River, Willesden Green and Viking.
Company news also covers waterflood initiatives, Belly River, Cardium and Clearwater activity, annual and quarterly financial results, normal course issuer bid activity, prepaid equity forward programs, shareholder meeting results and other governance matters tied to its TSX and NYSE American-listed common shares.
Obsidian Energy (TSX: OBE / NYSE American: OBE) announced shareholder voting results from its May 7, 2026 annual and special meeting. All resolutions in the March 15, 2026 Information Circular were approved. KPMG LLP was appointed auditor and seven management nominees were elected as directors with vote percentages reported.
Other approvals included executive compensation (advisory), amendments to the stock option plan, and unallocated option and share unit awards through May 7, 2029.
Obsidian Energy (TSX:OBE) reported Q1 2026 results with average production of 28,733 boe/d, funds flow from operations of $61.0 million and a net loss of $18.7 million ((0.28) per share) largely driven by realized and unrealized hedging losses. Capital expenditures were $79.7 million, net debt was $279.8 million, and ~1.5 million shares were repurchased and cancelled under the renewed NCIB.
The company highlighted active drilling in Peace River and Willesden Green, progress on waterflood pilots, and prepaid equity forward contracts covering 5.125 million shares at a weighted average of $9.56.
Obsidian Energy (TSX: OBE) provided an operational update for Q1 2026 highlighting strong development results in Peace River and Willesden Green, expanded waterflood pilots, rig-released 11 wells, and increased hedging after recent oil-price gains. 2026 guidance remains unchanged: production 27,900–29,900 boe/d, capital $190–230M.
The company reported high initial production rates (e.g., West Dawson IP22 299 boe/d, Cardium IP30 average 523 boe/d), commissioned additional Clearwater injectors, and presented financial sensitivity cases at US$70/$80 WTI showing higher FFO and FCF.
Obsidian Energy (TSX: OBE) received TSX acceptance to renew its normal course issuer bid (NCIB). The NCIB permits repurchase of up to 6,458,536 common shares (10% of public float) from March 3, 2026 to March 2, 2027. Any repurchased shares will be cancelled.
Obsidian had 67,306,951 shares outstanding and a public float of 64,585,363 as of February 17, 2026. The company previously repurchased 7,144,408 shares under the prior NCIB at a VWAP of about $7.16 per share.
Obsidian Energy (TSX: OBE; NYSE American: OBE) filed its audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025, and its Annual Information Form including NI 51-101 reserves disclosure.
The company said it will file its Form 40-F with the SEC. Copies are available on SEDAR+, EDGAR, and Obsidian Energy's website; hard copies of audited statements and MD&A are available free on request.
Obsidian Energy (TSX: OBE) reported Q4 2025 production of 27,971 boe/d and Q4 funds flow from operations of $56.6 million, with full-year FFO of $272.1 million and net income of $35.2 million for 2025. Net debt fell to $268.2 million after ~$325 million proceeds from the April Pembina asset disposition.
2025 capital expenditures were $298.9 million, reserve replacement exceeded 100% (PDP 118%, 1P 185%, 2P 235%), and the company repurchased ~7.6 million shares under its NCIB in 2025.
Obsidian Energy (TSX/NYSE American: OBE) reported 2025 independent reserves evaluated by GLJ with strong organic additions despite the April 2025 Pembina disposition. Key metrics: RLI ~6.0/10.1/13.3 years (PDP/1P/2P), 2P reserves 158.4 mmboe, NPV10 2P $2,102.9M, and reserve replacement of 118% PDP, 185% 1P, 235% 2P.
The Pembina sale reduced ARO by ~$390M and lowered NPV10 and per-share values; waterfloods and Belly River additions added material volumes and 357 booked 2P undeveloped locations (ex-Pembina).
Obsidian Energy (TSX: OBE; NYSE American: OBE) published 2026 guidance and an operational update. The company sets 2026 capex at $190–$230M (midpoint $210M) to drill 38 net operated wells and spend about $22M on Peace River waterfloods. Production guidance is 27,900–29,900 boe/d (73% liquids; midpoint ~28,900 boe/d). At pricing assumptions of WTI US$58/bbl (H1) and US$62/bbl (H2) and AECO $2.75/GJ, Obsidian forecasts FFO $225M (~$3.35/share) and FCF $7M.
Asset split: Heavy oil (Peace River) ~12,700 boe/d, $80M capex, waterflood injectors planned; Light oil (Willesden Green/PCU #11) ~16,200 boe/d, $128M capex. Net debt (pre-NCIB) ~$272M. Company plans to renew NCIB in March 2026.
Obsidian Energy (TSX: OBE; NYSE American: OBE) closed a private placement of $175.0 million aggregate principal amount of 8.125% five-year senior unsecured notes due December 3, 2030 (the 2030 Notes).
The company used part of the proceeds to redeem the remaining $80.8 million of 11.95% senior unsecured notes due July 27, 2027, and the balance to pay down indebtedness under its syndicated credit facility and related transaction expenses. The $235 million syndicated credit facility shows approximately $8 million outstanding at closing. BMO Capital Markets and RBC Capital Markets were bookrunners. The 2030 Notes were issued at par and offered under exemptions from prospectus and registration requirements in Canada and the United States.
Obsidian Energy (TSX: OBE / NYSE American: OBE) reported Q3 2025 results with average production 27,316 boe/d, funds flow from operations $49.7 million (basic $0.74/share) and net income $16.8 million (basic $0.25/share). The company recorded capex $65.3 million and net debt $219.3 million at September 30, 2025.
Management increased H2 2025 production guidance to 27,800–28,300 boe/d, began a pre-paid equity forward program to hedge share-based awards, and sold InPlay shares for $91.4 million realizing a $15.2 million gain. Net operating costs were $15.01/boe and G&A rose to $1.95/boe. Waterflood pilots and Belly River appraisal wells showed encouraging initial rates.