Edition:
India

Obsidian Energy Ltd (OBE.TO)

OBE.TO on Toronto Stock Exchange

0.41CAD
21 Mar 2019
Change (% chg)

-- (--)
Prev Close
$0.41
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
510,749
52-wk High
$1.59
52-wk Low
$0.38

Latest Key Developments (Source: Significant Developments)

Obsidian Energy says David French To Step Down As CEO
Thursday, 7 Mar 2019 

March 7 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES YEAR-END 2018 FINANCIAL AND OPERATIONAL RESULTS; DIVESTS NON-CORE ASSET; PROPOSES 7:1 COMMON SHARE CONSOLIDATION; AND ANNOUNCES DAVID FRENCH TO STEP DOWN AS PRESIDENT AND CEO.OBSIDIAN ENERGY LTD - DAVID FRENCH TO STEP DOWN AS PRESIDENT AND CEO.OBSIDIAN ENERGY LTD - DIVESTS NON-CORE ASSET.OBSIDIAN ENERGY LTD - MICHAEL J. FAUST HAS BEEN NAMED INTERIM PRESIDENT AND CEO, EFFECTIVE MARCH 18, 2019.OBSIDIAN ENERGY LTD - PROPOSES 7:1 COMMON SHARE CONSOLIDATION.OBSIDIAN ENERGY LTD - FRENCH WILL STEP DOWN FROM COMPANY ON MARCH 29, 2019.OBSIDIAN ENERGY LTD - WILL CONTINUE TO FOCUS ON ADDITIONAL COST SAVING INITIATIVES IN 2019..OBSIDIAN ENERGY - SHUT-IN PORTION OF LEGACY PROPERTIES WHICH WILL RESULT IN REDUCTION IN LEGACY OPERATING COSTS BY ADDITIONAL $4 MILLION IN 2019.OBSIDIAN ENERGY LTD - GIVEN VOLATILITY OF ALBERTA COMMODITY PRICES, HAS MAINTAINED OPERATIONAL FLEXIBILITY TO ADJUST H2 2019 CAPITAL PROGRAM.OBSIDIAN ENERGY LTD - REDUCED OVERALL DECOMMISSIONING LIABILITY BY ABOUT $24 MILLION ON A DISCOUNTED BASIS VERSUS Q3 OF 2018.OBSIDIAN ENERGY LTD - WILL FINE TUNE CO'S CAPITAL PROGRAM FOR SECOND HALF OF YEAR..OBSIDIAN ENERGY LTD - TOTAL 2019 GUIDANCE REMAINS UNCHANGED.  Full Article

Obsidian Energy Announces Gordon Ritchie To Replace Jay Thornton As Chairman Of Board
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES GORDON RITCHIE TO REPLACE JAY W. THORNTON AS CHAIRMAN OF THE BOARD OF DIRECTORS.OBSIDIAN ENERGY LTD - THORNTON HAS RESIGNED HIS BOARD POSITION EFFECTIVE AS OF CLOSE OF BUSINESS ON WEDNESDAY, FEBRUARY 20, 2019.  Full Article

Obsidian Energy Announces An Increase In Its Syndicated Credit Facility
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES AN INCREASE IN ITS SYNDICATED CREDIT FACILITY AND PROVIDES AN OPERATIONAL UPDATE.OBSIDIAN ENERGY LTD - ITS SEMI-ANNUAL BORROWING BASE REDETERMINATION HAS RESULTED IN A $30 MILLION INCREASE TO ITS SYNDICATED CREDIT FACILITY TO $470 MILLION.OBSIDIAN ENERGY LTD - INCREASE IN SYNDICATED CREDIT FACILITY DUE TO JULY 2018 RETIREMENT OF AN OUTSTANDING POUND STERLING CROSS CURRENCY SWAP.OBSIDIAN ENERGY LTD - SECOND HALF 2018 CARDIUM PROGRAM IS PROCEEDING AHEAD OF SCHEDULE AND UNDER BUDGET.OBSIDIAN ENERGY ON CARDIUM DRILLING SAYS EXPECT TO HAVE 10 WELLS ON PRODUCTION PRIOR TO END OF 2018.  Full Article

Obsidian Energy Qtrly Total Production 28,697 BOE/D Versus 30,436 BOE/D Reported Last Year
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.OBSIDIAN ENERGY LTD QTRLY FFO PER SHARE $0.06.OBSIDIAN ENERGY LTD QTRLY TOTAL PRODUCTION 28,697 BOE/D VERSUS 30,436 BOE/D REPORTED LAST YEAR.OBSIDIAN ENERGY LTD - 2018 PRODUCTION AND OPERATING COST GUIDANCE IS UNCHANGED.  Full Article

Obsidian Energy Reports Qtrly Loss Per Share Of $0.13
Friday, 11 May 2018 

May 11 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES FIRST QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.Q1 PRODUCTION AVERAGED 29,443 BOE PER DAY, A DECREASE OF SIX PERCENT RELATIVE TO Q4 2017.Q1 PRODUCTION AND OPERATING COST RESULTS WERE HAMPERED BY COLD WEATHER DOWNTIME, THIRD PARTY MAINTENANCE AND OPERATIONAL DELAYS.DO NOT EXPECT TO ADD INCREMENTAL 2019 HEDGES AT THIS TIME.CONTINUE TO EXPECT FULL YEAR PRODUCTION AND OPERATING COSTS WITHIN GUIDANCE RANGES.QTRLY LOSS PER SHARE $0.13.QTRLY FFO PER SHARE $0.07.  Full Article

Obsidian Energy Keeps 2018 Guidance Unchanged
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES YEAR END 2017 FINANCIAL AND OPERATIONAL RESULTS AND PROPOSED COMMON SHARE CONSOLIDATION.OBSIDIAN ENERGY LTD - Q4 2017 PRODUCTION WAS 31,447 BOE PER DAY, 10 PERCENT HIGHER THAN PREVIOUS YEAR, ADJUSTED FOR A&D.OBSIDIAN ENERGY LTD - WILL PROPOSE A CONSOLIDATION OF OUTSTANDING COMMON SHARES AT UPCOMING ANNUAL AND GENERAL MEETING.OBSIDIAN ENERGY LTD - TOTAL 2018 GUIDANCE REMAINS UNCHANGED.OBSIDIAN ENERGY LTD - PROPOSED CONSOLIDATION OF SHARES IS IN A 3:1 RATIO.  Full Article

Obsidian Energy reports FY 2017 production of 31,700 BOE/D
Tuesday, 16 Jan 2018 

Jan 15 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES FULL YEAR 2017 PRODUCTION ABOVE GUIDANCE & PROVIDES OPERATIONAL UPDATE.‍FULL YEAR 2017 PRODUCTION WAS 31,700 BOE/D, ABOVE HIGH END OF GUIDANCE RANGE OF 30,500 - 31,500 BOE/D​.‍EXPERIENCED SOME UNEXPECTED PRODUCTION DOWNTIME IN DECEMBER DUE TO EXTREME COLD WEATHER IN LAST HALF OF MONTH​.‍Q4 2017 PRODUCTION WAS 31,400 BOE/D, WITH AN ESTIMATED LIQUIDS WEIGHTING OF 62%​.‍TO DATE IN JANUARY, CORPORATE PRODUCTION HAS AVERAGED OVER 32,000 BOE/D DESPITE CONTINUED COLD WEATHER RELATED DOWNTIME​.‍DECIDED TO ACCELERATE A PORTION OF 2018 CAPITAL PROGRAM INTO 2017​.SAYS ‍ANY INCREMENTAL CAPITAL AVAILABLE IN SECOND HALF OF YEAR WILL LIKELY GO TOWARDS CARDIUM DEVELOPMENT​.  Full Article

David Lorber reports 5.6 pct stake in Obsidian Energy
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - David Lorber::David Lorber reports 5.6 percent stake in Obsidian Energy Ltd as of November 8 - SEC filing.David Lorber says purchased securities of Obsidian Energy based on belief that such securities, when purchased, were "undervalued".  Full Article

Obsidian Energy announces $8.5 mln settlement with U.S. SEC
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - Obsidian Energy Ltd ::Obsidian Energy announces US$8.5 million settlement with the U.S. Securities and Exchange Commission.Obsidian Energy - ‍settlement is in relation to company's 2014 restatement of certain financial results while it was known as Penn West Petroleum Ltd​.Obsidian Energy - co will also be enjoined from future violations of certain provisions of U.S. Securities legislation as part of settlement​.  Full Article

Obsidian Energy Ltd Q3 FFO per share $‍0.08​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Obsidian Energy Ltd :Obsidian Energy announces strong third quarter results and 2018 budget.Obsidian Energy Ltd - ‍forecasting full year 2017 production at high end of our 30,500 - 31,500 boe per day guidance range​.Obsidian Energy Ltd - ‍anticipate five percent production growth in 2018 while investing only 80 percent of funds flow from operations​.Obsidian Energy Ltd - ‍remain on track to meet full year 2017 capital guidance​.Obsidian Energy Ltd qtrly FFO per share $‍0.08​.Obsidian Energy - ‍average corporate production for Q3 2017 was 30,166 boe per day, compared with 41,233 boe per day in Q3 2016​.Obsidian Energy Ltd sees ‍2018 2018 total capital expenditures $135 million​.  Full Article