OBE News and Press, Obsidian Energy Ltd. From 06/18/22

The management team at Obsidian Energy just announced financial expectations covering the rest of 2022 as well as 2023. The data shows a significant ramping up of spending, production, and cash flows. Achieving these targets would make OBE look incredibly cheap at this point in ti...

The TSX’s energy sector made a resounding comeback in 2021 following a severe beating in 2020. The sector’s annualized price return last year was 41.8% compared to -30.8% in the prior year. In 2022, the bull run continues because of tight supply and Western sanctions on Ru...

New corporate presentation and management webcast available for replay on website Calgary, Alberta--(Newsfile Corp. - June 16, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", the " Company ", " we ", " us " or " our ") is pleased to announce that at it...

Obsidian Energy (OBE) raised production guidance Thursday, lifting 2022 targets to 32kboe/d (midpoint), versus prior guidance of ~31kboe/d (midpoint). The company also provided 2023 guidance, at 37-38kboe/d the forecast calls for 21% growth in 2023. Capex was lifted to $300m (midpoint) for 20...

2022 guidance increased to an average production range of 31,500 to 32,500 boe/d based on expanded capital development program Second half 2022 four-rig drilling program includes 38 operated wells (35.5 net) of which 26 wells (24.1 net) are expected to be on production by year-end Ful...

There have already been some strong movers on the TSX today that Motley Fool investors should pay close attention to. But not all are created equal. Today, I’m going to go over three growth stocks that are up by a mile, and I would still buy, even today. Lightspeed stock ...

I discuss the reasons why the current supercycle in commodities may last longer than priced in. I argue that Obsidian Energy and Baytex Energy could at least double if current macroeconomic trends continue, which seems very likely. While the larger players shy away from increasing...

Obsidian has bumped up its 2022 production guidance by 1,200 BOEPD (from initial guidance) due to increased heavy oil production. It is also drilling new Viking wells, which will further add to its production and is not captured in current guidance. Obsidian is working on refinanc...

Energy stocks (NYSEARCA:XLE) rose as crude oil posted a sixth straight weekly advance, after markets shrugged off OPEC's modest production boost that seems unlikely to make up for lost supply from Russia and meet China's growing demand as it eases COVID restrictions. The group said it would r...

Shares of Obsidian Energy Ltd. (NYSE American:OBE) traded today at $11.27, eclipsing its 52-week high. Approximately 356,000 shares have changed hands today, as compared to an average 30-day volume of 793,000 shares. Obsidian Energy Ltd. (NYSE American:OBE) is currently priced 2.1% above...