Obsidian Energy (TSE:OBE) has released an update.
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Obsidian Energy has reported a significant increase in both production and financial performance for the second quarter of 2024, with a 15% rise in daily production and a 41% increase in per-share funds flow. The company also successfully expanded its operations with the Peace River Clearwater acquisition, adding 148 net sections and 1,700 boe/d to its production capacity.
For further insights into TSE:OBE stock, check out TipRanks’ Stock Analysis page.
