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Obsidian Energy Ltd (N:OBE)

Business Focus: Oil & Gas Exploration and Production

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEC Form 4 filings for OBE*US within the last 6 months
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Company News

Mar 14, 2024 17:00 ET
Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes
Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of our previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $2.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on March 11, 2024, and was made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 26, 2024 (the "Statement").
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Feb 28, 2024 07:00 ET
Obsidian Energy Announces Operational Update with Strong Start to 2024 Capital Program
Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our first half 2024 capital program. Our program continued with development of our Willesden Green/Pembina (Cardium) assets and exploration/appraisal and development drilling in the Clearwater and Bluesky formations in Peace River. We also completed the optimization of our Viking wells that were drilled in late 2023, which showed strong production results. Development activity has increased current production to over 36,500 boe/d (based on field estimates); while cold weather in January impacted production, we are currently running slightly ahead of our planned production year-to-date with the resumption of normal operations and strong initial rates from wells onstream in February.
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Valuation Ratios

Industry
Sector
Beta
1.58
--
--
Price to Sales - TTM
1.29
2.15
1.74
Price to Book - most recent quarter
0.52
1.35
1.50
Price to Cash Flow per share - TTM
2.70
5.59
6.68
Price to Free Cash Flow per share - TTM
14.34
18.67
17.93
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Business Summary

Sector:  Energy Industry:  Oil & Gas Exploration and Production

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold 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. It has a portfolio of assets producing around 32,000 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused in the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.

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