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The TSX’s energy sector was the worst performer in 2020, losing 30.8% due to the significant drop in oil demand and the global pandemic. Fast forward to 2022, and the fortunes of oil stocks have changed. The year-to-date gain is now 65.14%, an overwhelming lead over materials...
Strong first quarter average production of 29,407 boe/d; current production further grew to 33,000 boe/d based on recent drilling success Active first half four-rig drilling program with 19 operated wells (18.5 net) rig-released in the quarter and 14 wells (13.5 net) now on production ...
Calgary, Alberta--(Newsfile Corp. - April 25, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", the " Company ", " we ", " us " or " our ") announces that we expect to release our first quarter 2022 financial and operational results before North American mark...
Small-cap stocks generally outperform large caps in bull markets. This was recently seen in the TSX energy names, where the sector as a whole has been sitting on a handsome gain. However, small-cap TSX energy stocks have substantially outperformed larger peers. For example, so far this year...
All 2021 development drilling program wells on production 8 wells from 2022 first half development program on production with an additional 7 expected in the second quarter 2022 production guidance range increased by 1,000 boe/d to 30,100 to 31,100 boe/d with first quarter production ...
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Strong second quarter average production of 31,575 boe/d, an increase of 28 percent over 2021 Rig-released 11 wells (11 net) and brought 16 wells (15.7 net) on production in the quarter Second quarter funds flow from operations was $157.0 million Calgary, Alberta--(Newsfile Corp. - ...
Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", the " Company ", " we ", " us " or " our ") announces that it has successfully closed the previously announced private placement offering (the " Offering ") of $127...
Highest average quarterly production level since 2017 at 31,575 boe/d in the second quarter First half development program completed with strong results Calgary, Alberta--(Newsfile Corp. - July 14, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", th...