The latest announcement is out from Obsidian Energy ( (TSE:OBE) ).
Obsidian Energy Ltd. has announced its upcoming annual and special meeting of shareholders, scheduled for May 7, 2025. The meeting will cover several key agenda items, including the receipt of financial statements for the year ended December 31, 2024, the appointment of auditors, the election of directors, and a non-binding advisory vote on executive compensation. Shareholders are encouraged to participate in person or by proxy, with specific voting instructions provided in the management information circular.
Spark’s Take on TSE:OBE Stock
According to Spark, TipRanks’ AI Analyst, TSE:OBE is a Neutral.
Obsidian Energy’s stock is moderately rated due to its challenging financial performance with declining net income and negative cash flow, despite revenue growth and solid equity. Technical indicators show positive momentum, providing some support. However, the negative P/E ratio and lack of dividend yield weaken its valuation appeal.
To see Spark’s full report on TSE:OBE stock, click here.
More about Obsidian Energy
Obsidian Energy Ltd. is a Canadian oil and gas company based in Calgary, Alberta. The company focuses on the exploration, development, and production of oil and natural gas resources, primarily in the Western Canadian Sedimentary Basin.
YTD Price Performance: -23.91%
Average Trading Volume: 467,977
Technical Sentiment Signal: Strong Buy
Current Market Cap: $332.9M
For an in-depth examination of OBE stock, go to TipRanks’ Stock Analysis page.