An update from Obsidian Energy ( (TSE:OBE) ) is now available.
Obsidian Energy reported a significant financial and operational performance for the year 2024, with a 14% increase in funds flow from operations totaling $432 million and a 16% rise in average production to 37,474 boe/d compared to 2023. The company also repurchased and canceled 6% of its shares for $41.7 million, indicating a strong focus on shareholder value. The 2024 capital program contributed to increased production, reserves, and funds flow, while also expanding the company’s asset base with new locations in Clearwater and Bluesky, supporting growth in the Peace River area.
More about Obsidian Energy
Obsidian Energy is a company operating in the energy sector, focusing on the production and exploration of oil and natural gas. The company is primarily involved in the development of its assets in the Peace River region, with an emphasis on increasing production and reserves.
YTD Price Performance: -2.68%
Average Trading Volume: 431,692
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $443.3M
For detailed information about OBE stock, go to TipRanks’ Stock Analysis page.