Obsidian Energy: Reduced Growth Plans Due To The Commodity Pricing Environment
Obsidian may now hold production flat around 29,000 BOEPD in the current oil pricing environment. This would allow it to put more funds towards share repurchases and debt reduction. The value of Obsidian's stake in InPlay Oil has rebounded from early May lows.
Obsidian Energy Ltd. (OBE) Q1 2025 Earnings Call Transcript
Call Start: 16:00 January 1, 0000 4:49 PM ET Obsidian Energy Ltd. (NYSE:OBE ) Q1 2025 Earnings Call May 7, 2025 16:00 ET Company Participants Mark Hawkins - Vice President, Legal Stephen Loukas - President and Chief Executive Officer Peter Scott - Chief Financial Officer Jay McGilvary - Vice President, Development Gary Sykes - Vice President, Business Development, Commercial and Corporate Planning Cliff Swadling - Vice President, Operations Operator Thank you for standing by.
Obsidian Energy Reduces Its Debt Through Its Pembina Asset Sale
Obsidian Energy sold Pembina assets for CAD 320 million, with over 65% of the consideration in cash. This helped Obsidian reduce its net debt by over 50% and pay down most of its credit facility debt. Obsidian's financial health has improved, but it is mostly unhedged on oil and dealing with $60 WTI oil now.
Obsidian Energy: No More Debt Worries
Obsidian Energy now has profitable prospects, including the Clearwater area acquisition. The company has diversified production with both heavy and light oil. Recent disposition yielded C$220 million, with roughly half allocated to debt reduction.
Obsidian Energy: Q4 2024 Production Exceeds Expectations At 40,000 BOEPD
Obsidian's Q4 2024 production ended up at approximately 40,000 BOEPD. The company looks capable of meeting its 50,000 BOEPD target for 2026 if it chooses to. The threat of tariffs could slow down near-term growth and result in a more conservative growth.
Obsidian Energy: A Flexible Way To Add Heavy Oil Production
Obsidian Energy has achieved a roughly 20% production increase. The company benefits from historically acquired, low-cost acreage. The historically acquired acreage has increased in value because of technological advances.
Ethical Web AI Appoints Peter Varnish OBE to Advisory Board
NEW YORK, NY, November 18, 2024 – PRISM MediaWire – Bubblr Inc., d/b/a Ethical Web AI (OTCQB: BBLR) – a frontrunner in ethical technology determined to revolutionize the digital domain, today announced it has appointed Peter Varnish OBE to its Advisory Board.
Obsidian (OBE) Resumes Production at Harmon Valley South Field
Obsidian (OBE) resumes production after resolving its dispute with Woodland Cree First Nation. The two parties have entered into an equitable agreement that is fair and beneficial to both.
Canadian First Nation agrees with Obsidian Energy's drilling expansion plans
Canada's Woodland Cree First Nation said on Tuesday it has ended its dispute with oil and gas producer Obsidian Energy to expand drilling operations on its traditional territory.
Obsidian Energy: Strong Peace River Development Results, But Dispute Must Be Resolved
Obsidian's development program is going well, and it has recently averaged over 35,500 BOEPD in production despite 4,500 BOEPD in shut-in production. It also made a US$55 million Peace River acquisition that further adds to its inventory and production. A blockade by the Woodland Cree First Nation is resulting in the shut-in production.
