On April 22, 2026, Obsidian Energy Ltd (OBE) shares rose 5.9% to a current price of $12.39. This price movement has occurred against a backdrop of significant v
Obsidian Energy Ltd (NYSEAMERICAN:OBE - Get Free Report) (TSE: PWT)'s stock price hit a new 52-week high on Wednesday. The stock traded as high as $11.74 and last traded at $11.70, with a volume of 2938773 shares trading hands. The stock had previously closed at $10.56. Wall Street Analyst Weigh In Several brokerages recently weighed
Obsidian Energy is rated a Strong Buy, driven by elevated WTI prices, improved balance sheet, and significant buyback potential. OBE's hedge book limits near-term upside, but declining hedges and higher oil prices position H2 2026 as a catalyst for earnings growth. Recent asset sales and debt reduction have strengthened OBE's financials, enabling aggressive share repurchases and further deleveraging.
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.
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 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 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'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 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.
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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.
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.