OBE / Obsidian Energy: Lower Heavy Oil Prices May Result In It Modifying Its 2023 Plans

Obsidian Energy plans to grow its production to 50,000 BOEPD in 2026, fueled by Peace River heavy oil development. Obsidian aims to increase its Peace more_horizontal

Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we" more_horizontal

The Albertan wildfires may reduce Obsidian's Q2 2023 production by over 2,000 BOEPD, while impacting its full-year production by around 600 BOEPD. Thi more_horizontal

Calgary, Alberta--(Newsfile Corp. - April 25, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "u more_horizontal

The Obsidian Energy debt level is still likely too high compared to free cash flow at various commodity price levels. Obsidian Energy is making slower more_horizontal

Obsidian Energy is a Canadian oil and gas producer with relatively attractive assets and a fast-reducing net debt. This makes the company attractive f more_horizontal

Obsidian is deferring its 2023 guidance and budget until January. Heavy oil differentials are factoring into its decision. more_horizontal

Obsidian's debt refinancing takes care of its near-term debt maturity issues that it had been pushing off for years. The 11.95% interest rate on its n more_horizontal