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home / news releases / OBELF - Obsidian Energy Has A Pathway To Escape Its Debt Issues

OBELF - Obsidian Energy Has A Pathway To Escape Its Debt Issues

Obsidian Energy Ltd.
  • Obsidian appears capable of reducing its net debt to 1.7x EBITDAX by the end of 2021 and 1.2x EBITDAX by the end of 2022 at current strip prices.
  • That should allow it to find a longer-term solution for its November 2022 debt maturities.
  • Obsidian has been pushing off its debt maturities in shorter-term increments.
  • Obsidian remains vulnerable to fluctuations in commodity prices due to its limited hedges, although this is currently benefiting it.

For further details see:

Obsidian Energy Has A Pathway To Escape Its Debt Issues
Stock Information
Company Name: Obsidian Energy Ltd.
Stock Symbol: OBELF
Market: OTC
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