Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
IPO Year: 2022
Exchange: AMEX
Website: https://www.obsidianenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/17/2025 | Sector Perform | RBC Capital Mkts | |
| 4/9/2025 | Strong Buy → Mkt Perform | Raymond James | |
| 10/18/2024 | Strong Buy | Raymond James | |
| 4/9/2024 | Outperform | BMO Capital Markets | |
| 4/18/2023 | Outperform | RBC Capital Mkts | |
| 9/19/2022 | Underperform → Market Perform | BMO Capital Markets | |
| 2/23/2022 | $14.00 | Buy | Stifel |
| 2/23/2022 | Buy | Stifel |
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RBC Capital Mkts resumed coverage of Obsidian Energy with a rating of Sector Perform
Raymond James downgraded Obsidian Energy from Strong Buy to Mkt Perform
Raymond James initiated coverage of Obsidian Energy with a rating of Strong Buy
BMO Capital Markets resumed coverage of Obsidian Energy with a rating of Outperform
RBC Capital Mkts resumed coverage of Obsidian Energy with a rating of Outperform
BMO Capital Markets upgraded Obsidian Energy from Underperform to Market Perform
Stifel initiated coverage of Obsidian Energy with a rating of Buy and set a new price target of $14.00
Stifel initiated coverage of Obsidian Energy with a rating of Buy
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
SD - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
SCHEDULE 13G - OBSIDIAN ENERGY LTD. (0001334388) (Subject)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
6-K - OBSIDIAN ENERGY LTD. (0001334388) (Filer)
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Calgary, Alberta--(Newsfile Corp. - June 2, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced today the acquisition of high-return Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition"), consolidating the Company's position as the largest Belly River producer and deepening our core light oil development platform. The transaction is immediately accretive to funds flow from operations and strengthens the Company's multi-year Willesden Green growth program.Highlights:Acquires approximately 2,500 boe/d of high-quality Belly River light oil production (76% oil) and 35 net sections of land in th
Calgary, Alberta--(Newsfile Corp. - June 1, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") provides an update to our 2026 capital program and guidance, reflecting strong operational results and an improved commodity price outlook. Highlights:Increasing 2026 capital program by ~$100 million to $300 - $325 million, targeting ~15% production growth in 2027, while generating incremental free cash flow ("FCF")Approximately two-thirds of the incremental investment is directed to accelerate Belly River and Cardium development in Willesden Green, with the remainder allocated towards expanding the Clearwater waterflood program at Peace River
Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2026, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2026 Annual and Special Meeting and Management Proxy Circular dated March 15, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.Appointment of AuditorBy resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of t
Average production of 28,733 boe/d in the first quarter, generated $61.0 million of funds flow from operationsActive development program in Peace River and Willesden Green while advancing strategic heavy oil waterflood initiativesRenewed normal course issuer bid and repurchased and cancelled ~1.5 million sharesCalgary, Alberta--(Newsfile Corp. - May 7, 2026) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report our operating and financial results for the first quarter of 2026. Three months endedMarch 3120262025FINANCIAL (millions, except per share amounts)Cash flow from operating activities$40.0$96.7Basic per share (
Robust Belly River and Cardium results in Willesden Green, with three additional wells expected on production in mid-AprilContinued progress on Clearwater waterflood initiatives with the Dawson pilot commissioned and both Nampa and West Dawson injector wells rig releasedHighest quality oil produced to date in Peace River on the West Dawson and Nampa padsCalgary, Alberta--(Newsfile Corp. - April 13, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our first quarter 2026 capital program. "We've had a strong start to 2026 with our development program in both Peace River and Willesden Green,"
Calgary, Alberta--(Newsfile Corp. - February 26, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 6,458,536 common shares (representing 10 percent of the Company's public float, as defined by the TSX, as of February 17, 2026) over a period of 12 months commencing on March 3, 2026. On February 17, 2026, Obsidian Energy had 67,306,951 common shares outstanding and 64,585,363 common shares in our public float. The NCIB wi
• Average production of 27,971 boe/d in the fourth quarter, generated $56.6 million of funds flow from operations• Successful 2025 capital program including waterflood initiatives resulted in reserve replacement ratios over 100%• Active prepaid equity forward program in Q4/25 and into 2026 with a total of 4.3 million shares purchased Calgary, Alberta--(Newsfile Corp. - February 19, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report our operating and financial results for the fourth quarter and full year of 2025. Three months endedDecember 31Year endedDecember 312025202420252024FINANCIAL (millions, except per
Reserve replacement of 118 percent, 185 percent and 235 percent of 2025 production (adjusted for dispositions) on a proved developed producing ("PDP"), proved ("1P"), and proved plus probable("2P") reserves basisAdded locations in the Willesden Green (Belly River) in both Crimson and Open Creek based on 2025 successInitial waterflood reserve bookings from recent pilots at Peace River in the ClearwaterCalgary, Alberta--(Newsfile Corp. - February 5, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2025 (the "2025 Reserve Report") pre
Capital expenditures guidance of $210 million (midpoint) resulting in 38 net operated wells drilled at both Peace River and Willesden Green including $22 million in waterflood spendingProduction guidance of 28,900 boe/d (midpoint) for 2026, approximately 55% weighted to our light oil assets and 45% weighted to our heavy oil assetsFunds flow from operations of $225 million ($3.35 per basic share) based on WTI of US$58.00/bbl in H1 2026 and US$62.00/bbl in H2 2026Calgary, Alberta--(Newsfile Corp. - January 22, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce our 2026 capital plan and guidance as well as provide an
Calgary, Alberta--(Newsfile Corp. - December 3, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $175.0 million aggregate principal amount of 8.125 percent five-year senior unsecured notes due December 3, 2030 (the "2030 Notes"). The 2030 Notes were issued at par under a trust indenture and are direct senior unsecured obligations of Obsidian Energy, ranking equal with all other present and future senior unsecured indebtedness of the Company. The Company used a portion of the proceeds from the Offering to redeem the balance
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SC 13D - OBSIDIAN ENERGY LTD. (0001334388) (Subject)
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Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2026, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2026 Annual and Special Meeting and Management Proxy Circular dated March 15, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.Appointment of AuditorBy resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of t
New corporate presentation and management webcast available for replay on websiteCalgary, Alberta--(Newsfile Corp. - May 7, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2025, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2025 Annual and Special Meeting and Management Proxy Circular dated March 15, 2025 (the "Information Circular"), which is available on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.Appointment of AuditorBy resolution passed
Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance rangeCompletion of 2024 capital program provided furthers delineation of Peace River acreageSuccessful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production ("IP") rate of 302 boe/d (100 percent oil) per well Pembina results exceeded expectations with current production of over 1,100 boe/d from the two-well 12-19 PadCalgary, Alberta--(Newsfile Corp. - January 14, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an
Board Appoints Stephen Loukas President and Chief Executive OfficerFourth quarter average production increased to 31,742 boe/d (20 percent increase from 2021)Funds flow from operations was $450.7 million in 2022 (107 percent increase from 2021)Net debt decreased to $316.8 million at December 31, 2022 (23 percent decrease from 2021)Normal Course Issuer Bid Approved by TSXCalgary, Alberta--(Newsfile Corp. - February 23, 2023) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2022. The Company is also pleased to announce the appointment of Stephen Lo
New corporate presentation and management webcast available for replay on websiteCalgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4, 2022 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com.Appointment of AuditorBy resolution passed by
Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling successActive first half four-rig drilling program with 19 operated wells (18.5 net) rig-released in the quarter and 14 wells (13.5 net) now on production Strong production rates from new Peace River wells from late 2021 and early 2022 programs2022 production range further increased by 200 boe/d to between 30,300 to 31,300 boe/d Funds flow from operations was $101.3 million in the quarter, excluding $22.7 million of share-based compensation chargesNew member appointed to the Board of DirectorsCalgary, Alberta--(Newsfile Corp. - May 4, 2022) - OBSIDIAN ENERGY LTD.
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Calgary, Alberta--(Newsfile Corp. - June 2, 2026) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announced today the acquisition of high-return Belly River light oil assets in the Wilson Creek area of Willesden Green (the "Acquisition"), consolidating the Company's position as the largest Belly River producer and deepening our core light oil development platform. The transaction is immediately accretive to funds flow from operations and strengthens the Company's multi-year Willesden Green growth program.Highlights:Acquires approximately 2,500 boe/d of high-quality Belly River light oil production (76% oil) and 35 net sections of land in th
Calgary, Alberta--(Newsfile Corp. - August 4, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy" or the "Company") announced today that it has entered into a definitive agreement with Delek Group Ltd. (the "Purchaser") pursuant to which the Purchaser has agreed to acquire the Company's common share position in InPlay Oil Corp. ("InPlay"), consisting of 9,139,784 InPlay common shares ("InPlay Shares") and representing approximately 32.70% of the issued and outstanding InPlay Shares, for $10.00 per InPlay Share for an aggregate purchase price of $91,397,840, subject to certain adjustments described below (the "Disposition Transaction").The completion of the Disposition Transa
Calgary, Alberta--(Newsfile Corp. - April 30, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our first quarter 2025 financial and operational results (the "Release") before North American markets open on Wednesday, May 7, 2025. In addition, the first quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and under our SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov on or about the same date.ANNUAL AND SPECIAL MEETING The Company's Annual and Special Meeting (the "Meeting") is scheduled for Wedne
Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstancesTransaction results in significantly reduced debt and enhanced liquidityPositions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil businessCalgary, Alberta--(Newsfile Corp. - February 19, 2025) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has entered into a definitive asset purchase and sale agreement (the "Agreement") with Calgary-base
Calgary, Alberta--(Newsfile Corp. - October 24, 2024) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our third quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, October 31, 2024. In addition, the third quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and under our SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov on or about the same date.ADDITIONAL READER ADVISORIESFORWARD-LOOKING STATEMENTSThis news release contains forward-looking sta
Calgary, Alberta--(Newsfile Corp. - July 25, 2024) - OBSIDIAN ENERGY LTD. (TSX:OBE) (NYSE:OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") expects to release our second quarter 2024 financial and operational results (the "Release") before North American markets open on Thursday, August 1, 2024. In addition, the second quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, and under our SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov on or about the same date.ADDITIONAL READER ADVISORIESFORWARD-LOOKING STATEMENTSThis news release contains forward-looking statem