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Obsidian Energy Ltd (OBE.TO)

OBE.TO on Toronto Stock Exchange

0.43CAD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Obsidian Energy Says All 19 Cardium Wells Have Now Been Completed And Are On Production
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES AN OPERATIONAL UPDATE ON CARDIUM DRILLING PROGRAM.OBSIDIAN ENERGY LTD - WILL RESUME DRILLING OF ITS FAST CYCLE PRIMARY DEVELOPMENT PROGRAM IN CARDIUM FOLLOWING SPRING BREAK-UP IN JULY 2019.OBSIDIAN ENERGY LTD - ALL OF OUR PLANNED 2019 LOCATIONS WILL BE FULLY LICENSED AND DRILL READY IN VERY NEAR FUTURE.OBSIDIAN ENERGY LTD - PLAN TO CONTINUE DRILLING OF ITS FAST CYCLE PRIMARY DEVELOPMENT PROGRAM IN CARDIUM THROUGH TO MARCH 2020.OBSIDIAN ENERGY LTD - ALL 19 CARDIUM WELLS HAVE NOW BEEN COMPLETED AND ARE ON PRODUCTION.OBSIDIAN ENERGY LTD - AVERAGE DRILL, COMPLETE, EQUIP, AND TIE-IN COSTS OF ALL 19 WELLS CAME IN AT $3.8 MILLION PER WELL.  Full Article

Obsidian Energy Releases 2018 Reserves Results
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY RELEASES 2018 RESERVES RESULTS, ANNOUNCES COMPANY UPDATE AND REVISES 2019 GUIDANCE.OBSIDIAN ENERGY LTD - ALL 14 WELLS OF SECOND HALF 2018 CARDIUM PROGRAM HAVE BEEN DRILLED AND COMPLETED WITH 12 CURRENTLY ON PRODUCTION.OBSIDIAN ENERGY - FOCUS ON COST REDUCTION RESULTED IN AVERAGE WELL COST OF $3.6 MILLION ON FIRST 14 WELLS, SIGNIFICANTLY BELOW FORECASTED COST ESTIMATES.OBSIDIAN ENERGY LTD - EXPECTS Q1 2019 LIGHT AND HEAVY OIL PRODUCTION TO BE APPROXIMATELY 15,750 - 16,250 BARRELS PER DAY NET TO OBSIDIAN ENERGY.OBSIDIAN ENERGY LTD - OBSIDIAN ENERGY HAS ELECTED TO DEFER A FOUR-WELL PAD WITH TWO CARDIUM WELLS AND TWO DEEP BASIN WELLS TO SECOND HALF OF 2019.OBSIDIAN ENERGY LTD - DEFERRAL WILL REDUCE FIRST HALF 2019 CAPITAL EXPENDITURES BY APPROXIMATELY $20 MILLION TO $45 MILLION.OBSIDIAN ENERGY LTD - TOTAL PRODUCTION FOR Q1, INCLUDING NATURAL GAS LIQUIDS AND NATURAL GAS IS EXPECTED TO BE ABOUT 27,000 - 27,500 BOE PER DAY.OBSIDIAN ENERGY LTD - SEES 2019 PRODUCTION 26,750 TO 27,750 BOE PER DAY.  Full Article

Obsidian Energy Sees FY 2019 Production Of 28,000 To 29,000 BOE Per Day
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES 2019 OUTLOOK AND HOSTS INVESTOR DAY PRESENTATION.OBSIDIAN ENERGY LTD SEES FY 2019 PRODUCTION 28,000 TO 29,000 BOE PER DAY.OBSIDIAN ENERGY LTD SEES FY 2019 GROWTH RATE 3% -6%.OBSIDIAN ENERGY LTD SEES FY 2019 OPERATING COSTS $13.00 - $13.50 PER BOE.OBSIDIAN ENERGY LTD SEES 2019 CAPITAL INVESTMENT OF $120 MILLION.  Full Article

Obsidian Energy Qtrly FFO Per Share $0.05
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.OBSIDIAN ENERGY LTD - EXPECT FULL YEAR 2018 PRODUCTION TO BE SLIGHTLY BELOW OUR GUIDANCE RANGE.OBSIDIAN ENERGY LTD - EXPECT A "CHALLENGING" Q4.OBSIDIAN ENERGY LTD - Q3 PRODUCTION AVERAGED 27,777 BOE PER DAY, A DECREASE OF THREE PERCENT RELATIVE TO Q2 2018.OBSIDIAN ENERGY - SHUT-IN OF SELECT LEGACY DRY GAS PRODUCING PROPERTIES TO POSITIVELY AFFECT CASH FLOWS, OPERATING COSTS, & CORPORATE UNIT OPERATING COSTS.OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION WILL REDUCE COMPANY'S PRODUCTION BY APPROXIMATELY 1,300 BOE PER DAY.OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION TO INCREASE CASH FLOW BY ABOUT $4 MILLION && REDUCE UNIT OPERATING COSTS BY ABOUT $0.40 PER BOE.OBSIDIAN ENERGY LTD - EXPECTS LIQUIDS WEIGHTING TO RISE ABOUT TWO PERCENT AND PRODUCING NETBACKS TO IMPROVE BY ABOUT $1.00 PER BOE.OBSIDIAN ENERGY LTD SEES 2018 PRODUCTION OF 28,500 BOE PER DAY TO 29,000 BOE PER DAY.OBSIDIAN ENERGY LTD QTRLY FFO PER SHARE $0.05.  Full Article

Obsidian Energy Says On Track To Deliver Meaningful 2019 Light Oil Production Growth
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES OPERATIONAL UPDATE AND INVESTOR DAY DETAILS.OBSIDIAN ENERGY LTD - ON TRACK TO DELIVER MEANINGFUL 2019 LIGHT OIL PRODUCTION GROWTH FROM OUR WILLESDEN GREEN CARDIUM PROGRAM..  Full Article

Fuelled Agrees With A Major Energy Producer To Sell Surplus Oil And Gas Equipment
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Fuelled Inc: :FUELLED ANNOUNCES AGREEMENT WITH A MAJOR ENERGY PRODUCER TO SELL SURPLUS OIL AND GAS EQUIPMENT.FUELLED SAYS AGREEMENTS WITH ENCANA AND OBSIDIAN ENERGY TO ACT AS PRIMARY SALES AGENT FOR EACH ORGANIZATION'S SURPLUS OIL AND GAS EQUIPMENT.  Full Article

Obsidian Energy Launches Sale Process For Alberta Viking Assets
Monday, 2 Apr 2018 

April 2 (Reuters) - Obsidian Energy Ltd ::LAUNCHES SALE PROCESS FOR ALBERTA VIKING ASSETS.ONGOING DISCUSSIONS WITH CIC REGARDING DISPOSITION OF PEACE RIVER OIL PARTNERSHIP.ALSO ANNOUNCING A DEFERRAL OF PROPOSED SHARE CONSOLIDATION AND CHANGES TO CO'S DIRECTOR COMPENSATION.EXPECTS TO CONCLUDE A SALE OF ALBERTA VIKING ASSETS BY END OF Q2 OF 2018.‍INTENDS TO USE PROCEEDS OF ASSET SALES TO ACCELERATE GROWTH IN CO'S PRIME CARDIUM ASSETS, PAY DOWN DEBT.INTENDS TO APPLY TO MAKE A NORMAL COURSE ISSUER BID WITH TORONTO STOCK EXCHANGE UPON CLOSING OF SALE.  Full Article

Obsidian Energy Appoints Jay Thornton As Chairman Of Board
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY LTD. ANNOUNCES NEW CHAIRMAN OF THE BOARD OF DIRECTORS, 126 PERCENT RESERVE REPLACEMENT & CONFERENCE CALL DETAILS TO DISCUSS ITS YEAR-END 2017 RESULTS.OBSIDIAN ENERGY LTD - ANNOUNCE THAT JAY THORNTON HAS BEEN APPOINTED AS CHAIRMAN OF OBSIDIAN ENERGY BOARD OF DIRECTORS , EFFECTIVELY IMMEDIATELY.OBSIDIAN ENERGY - GEORGE BROOKMAN, WHO HAS BEEN ACTING CHAIR SINCE AUGUST 8, 2017, WILL REMAIN AS A DIRECTOR ON BOARD..  Full Article

Obsidian Energy Announces Legacy Asset Disposition
Thursday, 1 Feb 2018 

Jan 31 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES LEGACY ASSET DISPOSITION.‍REVISING OUR FULL YEAR PRODUCTION AND OPERATING COST GUIDANCE TO REFLECT IMPACT OF DISPOSITION​.SEES ‍2018 PRODUCTION 29,000 BOE PER DAY​ TO 30,000 BOE PER DAY​.SEES 2018 OPERATING COSTS OF $13.00 - $13.50 PER BOE.  Full Article

Obsidian Energy reports FY 2017 production of 31,700 BOE/D
Tuesday, 16 Jan 2018 

Jan 15 (Reuters) - Obsidian Energy Ltd ::OBSIDIAN ENERGY ANNOUNCES FULL YEAR 2017 PRODUCTION ABOVE GUIDANCE & PROVIDES OPERATIONAL UPDATE.‍FULL YEAR 2017 PRODUCTION WAS 31,700 BOE/D, ABOVE HIGH END OF GUIDANCE RANGE OF 30,500 - 31,500 BOE/D​.‍EXPERIENCED SOME UNEXPECTED PRODUCTION DOWNTIME IN DECEMBER DUE TO EXTREME COLD WEATHER IN LAST HALF OF MONTH​.‍Q4 2017 PRODUCTION WAS 31,400 BOE/D, WITH AN ESTIMATED LIQUIDS WEIGHTING OF 62%​.‍TO DATE IN JANUARY, CORPORATE PRODUCTION HAS AVERAGED OVER 32,000 BOE/D DESPITE CONTINUED COLD WEATHER RELATED DOWNTIME​.‍DECIDED TO ACCELERATE A PORTION OF 2018 CAPITAL PROGRAM INTO 2017​.SAYS ‍ANY INCREMENTAL CAPITAL AVAILABLE IN SECOND HALF OF YEAR WILL LIKELY GO TOWARDS CARDIUM DEVELOPMENT​.  Full Article

CANADA STOCKS-TSX futures down as oil prices fall on global growth worries

March 8 Futures pointed to a lower open for Canada's main stock index on Friday, as oil prices dropped on global growth worries after China reported weak export data and the European Central Bank warned of continued weakness.