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Obsidian Energy Ltd (OBE.TO)

OBE.TO on Toronto Stock Exchange

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Obsidian Energy reports qtrly FFO of $‍0.08 per share
Friday, 10 Nov 2017 06:30am EST 

Nov 10 (Reuters) - Obsidian Energy Ltd ::Says qtrly FFO $‍0.08 per share ​.Says ‍anticipate five percent production growth in 2018​.  Full Article

Obsidian Energy Ltd Q3 FFO per share $‍0.08​
Friday, 10 Nov 2017 06:30am EST 

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

Edward Kernaghan reports a 5.5 pct stake in Obsidian Energy as of Oct 3
Monday, 16 Oct 2017 06:23am EDT 

Oct 16 (Reuters) - Obsidian Energy Ltd :Edward J. Kernaghan reports a 5.5 pct stake in Obsidian Energy as of Oct 3 - SEC filing.Edward J. Kernaghan says shares acquired in Obsidian Energy Ltd "with a view towards investment".  Full Article

Obsidian Energy reports Q2 FFO of $0.09/shr
Wednesday, 9 Aug 2017 06:30am EDT 

Aug 9 (Reuters) - Obsidian Energy Ltd :Obsidian Energy announces second quarter 2017 financial and operational results.Qtrly FFO per share $0.09.Obsidian Energy Ltd - ‍as we look forward to our second half development program, we elected to reallocate and reduce capital budget by $20 million​.Sees 2017 total capital expenditures of $160 million.Obsidian Energy Ltd - ‍"remain confident" in our ability to demonstrate self-funded double-digit percent growth from Q4 of 2016 to Q4 of 2017​.Obsidian Energy Ltd - ‍remain "confident" to meet our full year 2017 production guidance of 30,500 to 31,500 boe per day​.Obsidian Energy - continued to layer in additional hedges for second half of 2018 to increase certainty of revenues as we plan activity for next year​.Qtrly gross revenues $111 million versus $209 million last year.Qtrly total production 30,436 boe/d versus 63,568 boe/d last year.  Full Article

Obsidian Energy Ltd says named in lawsuit due to previously disclosed accounting practices
Wednesday, 28 Jun 2017 10:31am EDT 

June 28 (Reuters) - Obsidian Energy Ltd::Co named in lawsuit due to previously disclosed accounting practices.Do not anticipate matter to materially alter business activities of company.Three of its former employees were named in a law suit filed by U.S. Securities and Exchange Commission.‍Law suit is based on certain historic Penn West accounting practices, discovered by company and reported to SEC in July 2014 ​.Obsidian Energy Ltd says co formerly named Penn West Petroleum Ltd.‍Obsidian Energy Ltd says co, formerly named Penn West Petroleum Ltd, and three former employees named in a law suit filed by U.S. SEC​.As a result of co's investigation, and correction of practices, Penn West restated historic financial statements & results on Sept 18, 2014.SEC's complaint requests entry of injunctive relief preventing a reoccurrence of practices and certain financial relief.  Full Article

Penn West says transitioned to a reserve-based syndicated revolving credit facility
Thursday, 18 May 2017 02:18pm EDT 

May 18 (Reuters) - Penn West Petroleum Ltd ::Penn West closes new reserve-based credit facility.Transitioned to a reserve-based syndicated revolving credit facility with a group of nine lenders.Initial revolving period of credit facility ends on May 17, 2018.Underlying borrowing base is $550 million, less amount of outstanding pari passu senior notes.Credit facility has additional 1 year term out period, is subject to semi-annual borrowing base redetermination in May, Nov of each year.  Full Article

Penn West Q1 earnings per share C$0.05
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Penn West Petroleum Ltd ::Penn West Petroleum Ltd - reiterating 2017 production guidance.Penn West announces strong first quarter 2017 financial and operational results.Q1 earnings per share C$0.05.Penn West Petroleum Ltd - remains on track to generate double-digit organic production growth from q4 of 2016 to q4 of 2017.Penn West Petroleum Ltd - sees 2017 total capital expenditures of $180 million.Penn West Petroleum Ltd - q1 total production 34,900 boe/d versus 77,010 boe/d.Penn West Petroleum Ltd - qtrly funds flow from operations per share $0.11.  Full Article

Penn West qtrly loss per share $0.46
Wednesday, 15 Mar 2017 06:00am EDT 

Penn West Petroleum Ltd : Penn west announces its financial and operational results for the year ended december 31, 2016 and 2016 reserves results . Qtrly loss per share $0.46 . In 2017, company plans to self-fund a $180 million capital program . Penn west petroleum ltd- are increasing full year 2017 average production guidance to 30,500 - 31,500 boe per day . Penn west petroleum ltd- anticipate our 2017 capital program will be paid for fully with funds flow from operations . Penn west petroleum ltd - retained production in key development areas in q4 of 2016 increased by about 3,500 boe per day to 28,655 boe per day . Penn west petroleum ltd qtrly funds flow from operations $ 0.10 .Penn west petroleum ltd qtrly total production 38,481 boe/d versus 77,398 boe/d.  Full Article

BRIEF-David Lorber reports 5.6 pct stake in Obsidian Energy

* David Lorber reports 5.6 percent stake in Obsidian Energy Ltd as of November 8 - SEC filing