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home / news releases / OBELF - Obsidian's Outlook Is Benefiting From Higher Commodity Prices

OBELF - Obsidian's Outlook Is Benefiting From Higher Commodity Prices

Obsidian Energy Ltd.
  • Obsidian reports Q2 production at 24,650 Boe/day, up from 23,225 in Q1.
  • In parallel, oil & gas prices have firmed since Q1.
  • Obsidian hedges have stifled some of the benefit, but it seems likely the company can reduce debt by CAD$125 million this year.
  • If the strength persists into 2022, the company will have restored it balance sheet by the end of next year and may be investible again.

For further details see:

Obsidian's Outlook Is Benefiting From Higher Commodity Prices
Stock Information
Company Name: Obsidian Energy Ltd.
Stock Symbol: OBELF
Market: OTC
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