Obsidian Energy Grapples With First Nation Dispute

Obsidian Energy Ltd (TSE:OBE) has released an update.

Obsidian Energy Ltd. has disclosed a commercial dispute with the Woodland Cree First Nation, involving blockades and a breach of a court order. The company contends that they meet their obligations and offered a generous package, which includes significant potential work and community funding, although the WCFN has yet to accept the offer. Despite negotiations and legal actions, Obsidian Energy is looking to resolve the issue while maintaining operations and protecting shareholder interests.

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