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Investors in Obsidian Energy's (OBE) stock should proceed very carefully. There are a lot of questionable developments that are ongoing around the company.
Strange Transaction
Although Obsidian Energy didn't disclose the buyer of its 55% working interest in the Peace River Oil Partnership, you can do your homework and find it yourself. Happy new owner is Highwood Oil Company Ltd. which intends to finance it with debt.
About two weeks ago, the buyer announced that the closing of the transaction will be delayed to mid-August. Obsidian Energy decided not to inform its shareholders about it