Obsidian Energy(US:OBE)2025-07-31 11:00Corporate Overview - Obsidian Energy's Q2 2025 production was 28,943 boe/d, with 71% oil and liquids[9] - The company's 2P reserves at year-end 2024 were 149 Mmboe[9] - Obsidian Energy has $2.2 billion in tax pools as of Q2 2025[9] - The company's market capitalization is $575 million, with net debt at $270 million as of Q2 2025[10] Operational Highlights - Obsidian Energy plans H2 2025 capital expenditures between Peace River and Willesden Green, totaling $110-$120 million[26] - The company purchased and cancelled approximately 7.1 million shares for $51.1 million up to July 29, 2025[26] - H2 2025 average production is guided between 27,100 and 28,300 boe/d[27] Strategic Initiatives - Obsidian Energy completed the Pembina Disposition, reducing net debt to $270 million as of June 30, 2025[26] - The company is negotiating to sell its InPlay share position, valued at approximately $96 million, acquired through the Pembina Disposition[10, 26] - Obsidian Energy renewed its credit facility, extending the $235 million facility into 2027[26] Reserves and Valuation - Pro forma reserves post-Pembina Disposition are 149 Mmboe[79] - Pro forma net asset value per share ranges from $8.57 to $28.57, depending on WTI pricing scenarios[81]