Obsidian Energy Streamlines Share Administration

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

Obsidian Energy has filed a resale shelf registration statement with the SEC primarily for administrative reasons, aiding company affiliates Stephen Loukas and John Brydson to manage their Common Shares more easily. The filing will allow them to deposit shares into U.S. brokerage accounts and does not necessarily signal an intent to sell these shares. While no proceeds will benefit the company from potential sales, it will incur standard associated costs.

For further insights into TSE:OBE stock, check out TipRanks’ Stock Analysis page.