Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
IPO Year: 2022
Exchange: AMEX
Website: https://www.obsidianenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/17/2025 | Sector Perform | RBC Capital Mkts | |
| 4/9/2025 | Strong Buy → Mkt Perform | Raymond James | |
| 10/18/2024 | Strong Buy | Raymond James | |
| 4/9/2024 | Outperform | BMO Capital Markets | |
| 4/18/2023 | Outperform | RBC Capital Mkts | |
| 9/19/2022 | Underperform → Market Perform | BMO Capital Markets | |
| 2/23/2022 | $14.00 | Buy | Stifel |
| 2/23/2022 | Buy | Stifel |
SC 13D - OBSIDIAN ENERGY LTD. (0001334388) (Subject)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
40-F - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
RBC Capital Mkts resumed coverage of Obsidian Energy with a rating of Sector Perform
Raymond James downgraded Obsidian Energy from Strong Buy to Mkt Perform
Raymond James initiated coverage of Obsidian Energy with a rating of Strong Buy
BMO Capital Markets resumed coverage of Obsidian Energy with a rating of Outperform
RBC Capital Mkts resumed coverage of Obsidian Energy with a rating of Outperform
BMO Capital Markets upgraded Obsidian Energy from Underperform to Market Perform
Stifel initiated coverage of Obsidian Energy with a rating of Buy and set a new price target of $14.00
Stifel initiated coverage of Obsidian Energy with a rating of Buy
Provides Update on Syndicated Credit FacilityCalgary, Alberta--(Newsfile Corp. - April 7, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that we have closed our previously announced divestiture of our operated Pembina assets (the "Pembina Assets") to InPlay Oil Corp. (TSX:IPO) ("InPlay") (collectively, the "Transaction"). The Company retained our non-operated holdings in the Pembina Cardium Unit #11.Total consideration received from InPlay was approximately $320 million in three components with an effective date of December 1, 2024, as follows:$220 million in cash, which was reduced to $211 million after interi
Calgary, Alberta--(Newsfile Corp. - March 14, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today provides an update on the previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $3.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on March 11, 2025, and was made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 26, 2025.There were no Notes validly tendered prior to the deadline at 5:00 p.m., EDT, on March 11, 2025. The Company currently has $114.2 million aggregate principal amount of No
Calgary, Alberta--(Newsfile Corp. - February 27, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 7,144,408 common shares (representing 10 percent of the Company's public float, as defined by the TSX, as of February 17, 2025) over a period of 12 months commencing on March 3, 2025. On February 17, 2025, Obsidian Energy had 73,684,802 common shares outstanding and 71,444,080 common shares in our public float. The NCIB wi
Calgary, Alberta--(Newsfile Corp. - February 26, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $3.0 million (the "Maximum Purchase Consideration") of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, ISINs CA674482AA25 (Restricted), CA674482AB08 (144A) and CA674482AC80 (Regulation D), CUSIP Nos. 674482AA2 (Restricted), 674482AB0 (144A) and 674482AC8 (Regulation D) (the "Notes"), as disclosed in our year-end 2024 results. As of February 26, 2025, $114.2 million aggregate principal amount of Notes were
Calgary, Alberta--(Newsfile Corp. - February 25, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2024, and related Management's Discussion and Analysis ("MD&A"). Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2024, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101. Obsidian Energy's Annual Report on Form 40-F for the year ended December 31,
Capital plan of 38 net operated wells weighted towards Peace River asset, following up on our 2024 development programInitiation of Clearwater waterflood program to support future Peace River growthCalgary, Alberta--(Newsfile Corp. - February 25, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce our first half 2025 capital plan and financial guidance that builds on the success of our 2024 program. With six drilling rigs currently in operation, the majority of our first half 2025 program is focused on Peace River with a significant component dedicated to exploration/appraisal drilling to further delineate our land
Generated $432.0 million of funds flow from operations, representing a 14 percent increase over 2023 (22 percent on a per share basis)representing a 14 percent increase over 2023 (22 percent on a per share basis) Average 2024 production increased 16 percent to 37,474 boe/d over 2023Repurchased and cancelled six percent of shares outstanding for $41.7 million in 2024 2024 capital program increased production, reserves, and funds flow from operations, and added both Clearwater and Bluesky locations to support Peace River growth Calgary, Alberta--(Newsfile Corp. - February 25, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to
Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstancesTransaction results in significantly reduced debt and enhanced liquidityPositions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil businessCalgary, Alberta--(Newsfile Corp. - February 19, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has entered into a definitive asset purchase and sale agreement (the "Agreement") with Calgary-base
Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing ("PDP") reserves, proved ("1P") reserves, and proved plus probable("2P") reserves basis, respectively1P reserve value increased 23 percent on a per share basis to $2.3 billion (before-tax, discounted at 10 percent)Added 107 new locations to our 2P Peace River reserves, totalling 160 net locations for the areaCalgary, Alberta--(Newsfile Corp. - February 4, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2024 (the "2024
Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance rangeCompletion of 2024 capital program provided furthers delineation of Peace River acreageSuccessful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production ("IP") rate of 302 boe/d (100 percent oil) per well Pembina results exceeded expectations with current production of over 1,100 boe/d from the two-well 12-19 PadCalgary, Alberta--(Newsfile Corp. - January 14, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an
Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance rangeCompletion of 2024 capital program provided furthers delineation of Peace River acreageSuccessful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production ("IP") rate of 302 boe/d (100 percent oil) per well Pembina results exceeded expectations with current production of over 1,100 boe/d from the two-well 12-19 PadCalgary, Alberta--(Newsfile Corp. - January 14, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an
Board Appoints Stephen Loukas President and Chief Executive OfficerFourth quarter average production increased to 31,742 boe/d (20 percent increase from 2021)Funds flow from operations was $450.7 million in 2022 (107 percent increase from 2021)Net debt decreased to $316.8 million at December 31, 2022 (23 percent decrease from 2021)Normal Course Issuer Bid Approved by TSXCalgary, Alberta--(Newsfile Corp. - February 23, 2023) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2022. The Company is also pleased to announce the appointment of Stephen Lo
New corporate presentation and management webcast available for replay on websiteCalgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4, 2022 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.Appointment of AuditorBy resolution passed by
Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling successActive first half four-rig drilling program with 19 operated wells (18.5 net) rig-released in the quarter and 14 wells (13.5 net) now on production Strong production rates from new Peace River wells from late 2021 and early 2022 programs2022 production range further increased by 200 boe/d to between 30,300 to 31,300 boe/d Funds flow from operations was $101.3 million in the quarter, excluding $22.7 million of share-based compensation chargesNew member appointed to the Board of DirectorsCalgary, Alberta--(Newsfile Corp. - May 4, 2022) - OBSIDIAN ENERGY LTD.
Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstancesTransaction results in significantly reduced debt and enhanced liquidityPositions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil businessCalgary, Alberta--(Newsfile Corp. - February 19, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has entered into a definitive asset purchase and sale agreement (the "Agreement") with Calgary-base
Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our third quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, October 31, 2024. In addition, the third quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and under our SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov on or about the same date.ADDITIONAL READER ADVISORIESFORWARD-LOOKING STATEMENTSThis news release contains forward-looking sta
Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our second quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, August 1, 2024. In addition, the second quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and under our SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov on or about the same date.ADDITIONAL READER ADVISORIESFORWARD-LOOKING STATEMENTSThis news release contains forward-looking statem