Welcome to our dedicated page for Obsidian Energy SEC filings (Ticker: OBE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Obsidian Energy Ltd. (OBE) SEC filings page on Stock Titan is intended to centralize access to the Company’s U.S. regulatory disclosures and related documents, alongside AI-generated explanations. Obsidian Energy is an intermediate-sized oil and gas producer focused on crude petroleum extraction and the exploration, development and holding of interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.
While recent information provided here is primarily from Canadian news releases and financial updates, U.S.-listed issuers such as Obsidian Energy typically file documents with the U.S. Securities and Exchange Commission through EDGAR. These can include annual and interim reports, registration-related materials and other disclosures that complement the Company’s Canadian filings on SEDAR+.
On this page, Stock Titan’s platform is designed to surface Obsidian Energy’s SEC filings as they become available and pair them with AI-powered summaries. These summaries aim to clarify the key points in lengthy regulatory documents, such as discussions of the Company’s oil and natural gas properties, capital structure (including senior unsecured notes and credit facilities), risk factors, non-GAAP financial measures like funds flow from operations and net debt, and descriptions of hedging strategies.
In addition to core reporting documents, investors often review regulatory materials to understand how a company presents its operations in areas such as Peace River, Willesden Green and Viking, its use of waterflood and enhanced oil recovery pilots, and its approach to balance sheet management, including note redemptions and share repurchases. As new filings are made available via EDGAR, this page is structured to update in real time and provide concise AI explanations to help readers interpret the disclosures without needing to parse every technical section themselves.
Obsidian Energy Ltd. filed a 6-K highlighting a First Amending Agreement to its existing credit agreement with a syndicate of banks led by Royal Bank of Canada. The lenders confirmed the company’s borrowing base at Cdn.$300,000,000 as of November 27, 2025.
The amendment supports Obsidian’s plan to incur Permitted Junior Debt through 8.125% senior unsecured notes due on or about December 3, 2030, and adjusts the definition of Permitted Junior Debt to refine cross-default and financial test provisions. Existing guarantees and security from Obsidian and key subsidiaries are confirmed and remain fully in force.
Obsidian Energy Ltd. outlines its 2026 capital program and operational plans, targeting average production of 27,900 to 29,900 boe/d with about 73% liquids. The capital budget is set at $190 to $230 million, split between $128 million for light oil assets at Willesden Green/PCU #11 and $80 million for heavy oil development at Peace River, including $22 million for waterflood projects.
Based on WTI of US$58.00/bbl in the first half of 2026 and US$62.00/bbl in the second half, the Company forecasts funds flow from operations of $225 million or $3.35 per basic share, with about $7 million in free cash flow and year-end net debt of $272 million prior to any share repurchases. The plan includes 38 operated wells plus 10 non-operated (4.5 net) wells and emphasizes waterflood expansion in Clearwater and Bluesky, infrastructure-driven growth at Open Creek, and continued activity at PCU #11.
Obsidian Energy (OBE): Amendment No. 4 to Schedule 13D reports updated holdings by the Kernaghan family and Kernwood Limited. Based on 67,708,673 Common Shares outstanding as of June 30, 2025, Edward H. Kernaghan beneficially owns 3,533,866 Common Shares (5.22%), including 85,352 held directly and 3,448,514 held by Kernwood Limited. Kernwood reports 3,448,514 Common Shares (5.09%), which Elizabeth Kernaghan also reports as beneficially owned at 5.09%.
The filing notes they were below 5% as of December 31, 2021 and rose above 5% as of August 15, 2025 following additional purchases, including 50,000 shares at 7.843 on August 18, 2025, 108,500 shares at 7.769 on August 19, 2025, and a privately negotiated transfer of 10,214 shares on September 9, 2025. The group states an investment purpose and may consider proposals, including potentially seeking a board seat.
Obsidian Energy Ltd. filed a Form S-8 to register equity for its employee benefit plans and a Reoffer Prospectus for resales of up to 1,304,806 Common Shares issued on a private placement basis. The filing references the Stock Option Plan, Restricted and Performance Share Unit Plan and an Employee Retirement/Savings Plan. The document incorporates the companys Annual Information and Form 40-F for the year ended December 31, 2024 and lists consents from KPMG and GLJ Ltd. Financial line items shown as of June 30, 2025 include $2,090.8, $222.8 and a combined $2,313.6. By-Laws topics cover dividend forfeiture after three years, director share ownership targets and shareholder nomination procedures.