Obsidian Energy(OBE)

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Obsidian (OBE) Resumes Production at Harmon Valley South Field
ZACKS· 2024-06-13 13:48
Group 1: Company Overview - Obsidian Energy Ltd. (OBE) is a Calgary-based exploration and production firm that has resolved its dispute with Woodland Cree First Nation (WCFN) and is resuming production in its Harmon Valley South field [4][8] - The company's production is estimated at 31,000 barrels of oil equivalent per day (boe/d), with the Harmon Valley South Field previously producing 4,500 net boe/d before the blockade [5] Group 2: Dispute Resolution - The dispute with WCFN arose in February due to concerns over Obsidian's expansion plans and seismic activity in the region [4] - Following extensive discussions facilitated by a mediator, an agreement in principle was reached, leading to the removal of the blockade [8] - The agreement has a term until the end of 2025, although other conditions remain confidential [8] Group 3: Market Position - Obsidian currently holds a Zacks Rank of 4 (Sell), indicating a less favorable market position [9] - In contrast, other companies in the energy sector, such as Archrock, SM Energy, and Hess Midstream, have better rankings, with Archrock rated as a Strong Buy [6][7]
Obsidian Energy: Strong Peace River Development Results, But Dispute Must Be Resolved
Seeking Alpha· 2024-05-31 09:32
zhengzaishuru Obsidian Energy (NYSE:OBE)(TSX:OBE:CA) announced positive results for its 1H 2024 development program, underpinned by strong heavy oil well results. It also made a Peace River acquisition that increases its net sections of Peace River land by over 25% and its Peace River production by over 20%. I believe these items should increase Obsidian's estimated value by approximately US$0.50 per share. However, Obsidian is currently involved in a significant dispute with the Woodland Cree First Nation. ...
Obsidian Energy Announces 2024 Development Program Results Above Expectations
newsfilecorp.com· 2024-05-28 21:25
Pembina (Cardium): HEAVY OIL ASSETS (PEACE RIVER) We are excited about the results to date of our 2024 development and exploration/appraisal programs in Peace River. Currently 13 (13.0 net) wells of the 15 (15.0 net) operated well development program have been rig Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date Robust results from our Peace River Dawson Clearwater developme ...
Obsidian Energy(OBE) - 2023 Q4 - Annual Report
2024-02-22 20:28
Exhibit 99.1 Obsidian Energy Announces Fourth Quarter and Full Year 2023 Results Average 2023 production increased five percent over 2022 and 12 percent on a per share basis Generated funds flow from operations of $377.6 million and free cash flow of $58.5 million Repurchased and cancelled six percent of shares outstanding for $47.4 million CALGARY, February 22, 2024 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operati ...
Obsidian Energy(OBE) - 2023 Q1 - Quarterly Report
2023-04-26 17:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number 1-32895 Obsidian Energy Ltd. (Translation of registrant's name into English) Suite 200, 207 – 9th Avenue SW Calgary, Alberta T2P 1K3 Canada (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 Fo ...
Obsidian Energy(OBE) - 2022 Q4 - Annual Report
2023-02-23 16:51
CALGARY, February 23, 2023 - OBSIDIAN ENERGY LTD. (TSX / NYSE American – 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 Loukas as President and Chief Executive Officer of the Company, effective immediately. Exhibit 99.1 "Steve has served as Interim President and Chief Executive Officer since December 2019," said Gordon Ritchie ...
Obsidian Energy (OBELF) Investor Presentation - Slideshow
2020-07-31 20:14
0000000000 Obsidian Energy Corporate Presentation July 2020 Important Notice to the Readers This presentation should be read in conjunction with the Company's unaudited interim consolidated financial statements, Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2020. All dollar amounts contained in this presentation are expressed in millions of Canadian dollars unless otherwise indicated. Certain financial measures included in this presentation do not have a standardi ...
Obsidian Energy (OBELF) Investor Presentation - Slideshow
2020-05-07 12:17
0000000000 1 2 1 2 Obsidian Energy Corporate Presentation May 2020 Important Notice to the Readers This presentation should be read in conjunction with the Company's unaudited interim consolidated financial statements, Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2020. All dollar amounts contained in this presentation are expressed in millions of Canadian dollars unless otherwise indicated. Certain financial measures included in this presentation do not have a standardi ...
Obsidian Energy(OBE) - 2019 Q1 - Earnings Call Transcript
2019-05-10 18:54
Obsidian Energy Ltd. (NYSE:OBE) Q1 2019 Earnings Conference Call May 10, 2019 10:00 AM ET Company Participants Kyle Doucet â Corporate Planning and Investor Relations Lead Michael Faust â President and Chief Executive Officer David Hendry â Chief Financial Officer Aaron Smith â Senior Vice President-Development and Operations Conference Call Participants Operator Good morning. My name is Sheryl, and I will be your conference operator today. At this time, I would like to welcome everyone to the Obsidian Ener ...
Obsidian Energy(OBE) - 2018 Q4 - Earnings Call Transcript
2019-03-07 17:59
Call Starts: 08:30 January 1, 0000 8:56 AM ET Obsidian Energy Ltd. (NYSE:OBE) Q4 2018 Results Earnings Conference Call March 7, 2019 08:30 AM ET Company Participants Kyle Doucet - Corporate Planning and Strategy Analyst Dave French - President, Chief Executive Officer Michael Faust - Incoming Interim President, Chief Executive Officer David Hendry - Chief Financial Officer Aaron Smith - Senior Vice President of Development and Operations Conference Call Participants Tyler Crawford - Obsidian Energy Scott St ...