Obsidian Energy ( (TSE:OBE) ) has shared an update.
On February 19, 2025, Obsidian Energy Ltd. announced a significant transaction involving the sale of its Pembina Cardium assets to InPlay Oil Corp. for approximately $320.5 million. This transaction, which includes cash, shares, and a transfer of interest in an oil field, is expected to impact Obsidian’s asset portfolio and market positioning. The deal involves a complex structure with cash, share issuance, and asset transfers, and is subject to shareholder approval and regulatory conditions. The transaction reflects a strategic move by Obsidian Energy to optimize its asset base and potentially enhance its financial standing.
More about Obsidian Energy
Obsidian Energy Ltd. is a Canadian oil and gas company based in Calgary, Alberta. The company is involved in the exploration and production of oil and natural gas, primarily focusing on assets in the Western Canadian Sedimentary Basin.
YTD Price Performance: -8.53%
Average Trading Volume: 459,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $403.8M
Find detailed analytics on OBE stock on TipRanks’ Stock Analysis page.