When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
OBE - Obsidian Energy Endures A Tough Fourth Quarter
Obsidian Energy Ltd.
Obsidian Energy (OBE) was battered by an extremely tough Q4 2018 where it ended up with slightly negative funds flow from operations due to massive Canadian oil differentials during the quarter. Obsidian's liquids netbacks were negative as well and its realized price for heavy oil dropping below $6 USD per barrel.
This has contributed to its stock falling to around $0.30 USD per share now, and has left it looking at a 7 for 1 reverse split to maintain its NYSE listing.
Q4 2018 Results
Obsidian's production ended up being pretty strong in