Welcome to our dedicated page for Obsidian Energy Ltd. news (Ticker: $OBE), a resource for investors and traders seeking the latest updates and insights on Obsidian Energy Ltd. stock.
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Rhea-AI Summary
Obsidian Energy Ltd. announces a 2024 capital and operating program with a focus on Peace River, expected to generate 12 percent annual production growth. The capital program is $30 million lower than the previous forecast at the midpoint, with a plan to generate funds flow from operations of approximately $400 million and positive free cash flow of $27 million at US$75/bbl WTI.
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3.64%
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Obsidian Energy Ltd. announces the release of its 2024 capital and operating budget and associated guidance before the markets open on January 25, 2024. The President and CEO, Mr. Stephen Loukas, will host a webcast presentation, which will be broadcast live on the internet. A question-and-answer session will be held following the presentation, and participants can submit questions ahead of time through the webcast portal or by emailing questions to investor.relations@obsidianenergy.com.
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Obsidian Energy Ltd. (TSX: OBE) (NYSE American: OBE) reports robust early production rates and successful extension and deeper zone tests in the Dawson area Peace River Bluesky Walrus field, resulting in a six percent increase in average production in 2023, at the top end of the guidance range. The company also announced a three-year growth plan to achieve over 50,000 boe/d by 2026, with the first stages delivering encouraging results. The company's 2023 program included the rig release of 59 operated wells, with 48 wells on production by the end of the year and the remaining seven expected to be on production in the first quarter of 2024. Obsidian Energy's Peace River area continues to be a focus for unlocking potential in both development and exploration/appraisal, with the successful drilling and production of new development areas in the Clearwater and Bluesky plays.
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-1.04%
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OBSIDIAN ENERGY LTD. (OBE) Reports 10% Increase in Production and Strong Financial Results for Q3 2023
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-0.26%
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Obsidian Energy announces the release of their third quarter 2023 financial and operational results on November 9, 2023. The management's discussion and analysis and unaudited consolidated financial statements will be available on their website and regulatory profiles.
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-0.23%
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Obsidian Energy to participate in Schachter 2023 Catch the Energy Conference
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-1.1%
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Obsidian Energy announces three-year corporate plan focused on growth from Peace River asset and increased capital program
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3.09%
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Obsidian Energy will not be live webcasting their presentation at the Peters & Co. Limited 27th Annual Energy Conference, but a recording will be available on their website.
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3.01%
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Obsidian Energy to participate in Peters & Co. Limited 27th Annual Energy Conference from September 12-14, 2023. Will announce multi-year development and appraisal plan for Peace River formations on September 21, 2023.
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Obsidian Energy completes its offer to purchase $5.0 million of its outstanding 11.95% Senior Unsecured Notes. The offer was oversubscribed with $72.5 million worth of Notes tendered. The purchase consideration paid by the company was $5.0 million, resulting in proration of the tendered Notes. Settlement of the offer has been completed.
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0.74%
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Obsidian Energy Ltd.
NYSE:OBE
OBE Rankings
OBE Stock Data
589.72M
75.20M
1.68%
22.27%
4.65%
Crude Petroleum Extraction
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Calgary
About OBE
obsidian energy ltd. (tsx: obe) (nyse: obe) is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing roughly 30,000 boe per day. these assets, and the organization we have crafted around them, provide the right platform to deliver bottom-line results, and an entrepreneurial spirit that will allow us to succeed in this evolving industry. obsidian energy is a company based on discipline, relentless passion for the work we do, and resolute accountability to our shareholders, our partners and the communities in which we operate. formerly penn west petroleum ltd. on june 26th, 2017, the company formally changed its name to obsidian energy ltd. from penn west petroleum ltd. as penn west, we underwent significant changes throughout the organization, changes that have affected every aspect of our business and have led us to redefine the company and where and how it grows from here. we’ve reemerged stronger, leaner and more capable than ever,