Obsidian Energy ( (TSE:OBE) ) has provided an update.
Obsidian Energy has announced its capital program and financial guidance for the first half of 2025, focusing on the Peace River asset with plans to drill 38 net operated wells. The company is also initiating a Clearwater waterflood program to support future growth in the region. Despite a slight decrease in overall production due to asset disposition, Obsidian expects production gains in the latter half of the year. The sale of Pembina assets is set to enhance liquidity and provide additional options for shareholder value, with full-year guidance expected in June.
More about Obsidian Energy
Obsidian Energy is a company operating in the oil and gas industry, primarily focusing on heavy oil production. The company is engaged in exploration and development activities, particularly in the Peace River region, and utilizes cash flow from its light oil assets for reinvestment.
YTD Price Performance: -2.68%
Average Trading Volume: 431,692
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $443.3M
Learn more about OBE stock on TipRanks’ Stock Analysis page.