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Obsidian Energy Ltd (OBE.TO)

OBE.TO on Toronto Stock Exchange

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16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Obsidian Energy Sees FY 2019 Production Of 28,000 To 29,000 BOE Per Day
Thursday, 15 Nov 2018 06:30am EST 

Nov 15 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES 2019 OUTLOOK AND HOSTS INVESTOR DAY PRESENTATION.OBSIDIAN ENERGY LTD SEES FY 2019 PRODUCTION 28,000 TO 29,000 BOE PER DAY.OBSIDIAN ENERGY LTD SEES FY 2019 GROWTH RATE 3% -6%.OBSIDIAN ENERGY LTD SEES FY 2019 OPERATING COSTS $13.00 - $13.50 PER BOE.OBSIDIAN ENERGY LTD SEES 2019 CAPITAL INVESTMENT OF $120 MILLION.  Full Article

Obsidian Energy Qtrly FFO Per Share $0.05
Thursday, 8 Nov 2018 06:30am EST 

Nov 8 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.OBSIDIAN ENERGY LTD - EXPECT FULL YEAR 2018 PRODUCTION TO BE SLIGHTLY BELOW OUR GUIDANCE RANGE.OBSIDIAN ENERGY LTD - EXPECT A "CHALLENGING" Q4.OBSIDIAN ENERGY LTD - Q3 PRODUCTION AVERAGED 27,777 BOE PER DAY, A DECREASE OF THREE PERCENT RELATIVE TO Q2 2018.OBSIDIAN ENERGY - SHUT-IN OF SELECT LEGACY DRY GAS PRODUCING PROPERTIES TO POSITIVELY AFFECT CASH FLOWS, OPERATING COSTS, & CORPORATE UNIT OPERATING COSTS.OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION WILL REDUCE COMPANY'S PRODUCTION BY APPROXIMATELY 1,300 BOE PER DAY.OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION TO INCREASE CASH FLOW BY ABOUT $4 MILLION && REDUCE UNIT OPERATING COSTS BY ABOUT $0.40 PER BOE.OBSIDIAN ENERGY LTD - EXPECTS LIQUIDS WEIGHTING TO RISE ABOUT TWO PERCENT AND PRODUCING NETBACKS TO IMPROVE BY ABOUT $1.00 PER BOE.OBSIDIAN ENERGY LTD SEES 2018 PRODUCTION OF 28,500 BOE PER DAY TO 29,000 BOE PER DAY.OBSIDIAN ENERGY LTD QTRLY FFO PER SHARE $0.05.  Full Article

Obsidian Energy Says On Track To Deliver Meaningful 2019 Light Oil Production Growth
Wednesday, 10 Oct 2018 06:30am EDT 

Oct 10 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES OPERATIONAL UPDATE AND INVESTOR DAY DETAILS.OBSIDIAN ENERGY LTD - ON TRACK TO DELIVER MEANINGFUL 2019 LIGHT OIL PRODUCTION GROWTH FROM OUR WILLESDEN GREEN CARDIUM PROGRAM..  Full Article

Fuelled Agrees With A Major Energy Producer To Sell Surplus Oil And Gas Equipment
Tuesday, 10 Apr 2018 07:00am EDT 

April 10 (Reuters) - Fuelled Inc: :FUELLED ANNOUNCES AGREEMENT WITH A MAJOR ENERGY PRODUCER TO SELL SURPLUS OIL AND GAS EQUIPMENT.FUELLED SAYS AGREEMENTS WITH ENCANA AND OBSIDIAN ENERGY TO ACT AS PRIMARY SALES AGENT FOR EACH ORGANIZATION'S SURPLUS OIL AND GAS EQUIPMENT.  Full Article

Obsidian Energy Launches Sale Process For Alberta Viking Assets
Monday, 2 Apr 2018 06:30am EDT 

April 2 (Reuters) - Obsidian Energy Ltd ::LAUNCHES SALE PROCESS FOR ALBERTA VIKING ASSETS.ONGOING DISCUSSIONS WITH CIC REGARDING DISPOSITION OF PEACE RIVER OIL PARTNERSHIP.ALSO ANNOUNCING A DEFERRAL OF PROPOSED SHARE CONSOLIDATION AND CHANGES TO CO'S DIRECTOR COMPENSATION.EXPECTS TO CONCLUDE A SALE OF ALBERTA VIKING ASSETS BY END OF Q2 OF 2018.‍INTENDS TO USE PROCEEDS OF ASSET SALES TO ACCELERATE GROWTH IN CO'S PRIME CARDIUM ASSETS, PAY DOWN DEBT.INTENDS TO APPLY TO MAKE A NORMAL COURSE ISSUER BID WITH TORONTO STOCK EXCHANGE UPON CLOSING OF SALE.  Full Article

Obsidian Energy Appoints Jay Thornton As Chairman Of Board
Thursday, 22 Feb 2018 06:25pm EST 

Feb 22 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY LTD. ANNOUNCES NEW CHAIRMAN OF THE BOARD OF DIRECTORS, 126 PERCENT RESERVE REPLACEMENT & CONFERENCE CALL DETAILS TO DISCUSS ITS YEAR-END 2017 RESULTS.OBSIDIAN ENERGY LTD - ANNOUNCE THAT JAY THORNTON HAS BEEN APPOINTED AS CHAIRMAN OF OBSIDIAN ENERGY BOARD OF DIRECTORS , EFFECTIVELY IMMEDIATELY.OBSIDIAN ENERGY - GEORGE BROOKMAN, WHO HAS BEEN ACTING CHAIR SINCE AUGUST 8, 2017, WILL REMAIN AS A DIRECTOR ON BOARD..  Full Article

Obsidian Energy Announces Legacy Asset Disposition
Wednesday, 31 Jan 2018 07:46pm EST 

Jan 31 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES LEGACY ASSET DISPOSITION.‍REVISING OUR FULL YEAR PRODUCTION AND OPERATING COST GUIDANCE TO REFLECT IMPACT OF DISPOSITION​.SEES ‍2018 PRODUCTION 29,000 BOE PER DAY​ TO 30,000 BOE PER DAY​.SEES 2018 OPERATING COSTS OF $13.00 - $13.50 PER BOE.  Full Article

Obsidian Energy reports FY 2017 production of 31,700 BOE/D
Monday, 15 Jan 2018 09:47pm EST 

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
Monday, 20 Nov 2017 05:46pm EST 

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
Wednesday, 15 Nov 2017 01:41pm EST 

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

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Two ex-Penn West executives must face U.S. SEC fraud charges

NEW YORK A U.S. judge has ordered two former finance executives at Penn West Petroleum Ltd, now known as Obsidian Energy Ltd , to face regulatory charges that they helped engineer a multi-year accounting fraud to reduce the Canadian company's operating expenses.