Obsidian Energy Ltd. announces the extension of our syndicated credit facility to October 31, 2020. The syndicated credit facility has an underlying borrowing base of $550 million and amount available to be drawn of $450 million which remains unchanged. Under the agreement, the syndicated credit facility continues to be available on a revolving basis until October 31, 2020, subject to further extensions, with the end date [...]
Obsidian Energy Ltd. today announced that it has sent the following letter to Bonterra Energy Corp. proposing a combination transaction that would be expected to result in significant cost synergies and drive substantial accretion across all financial metrics for both Obsidian Energy and Bonterra. August 31, 2020 Bonterra Energy Corp. 901, 1015 – 4th Street SW Calgary, Alberta T2R IJ4 Attention: George Fink – Chairman [...]
Obsidian Energy Ltd. is pleased to announce that at its annual and special meeting of shareholders held on July 30, 2020, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2020 Annual and Special Meeting and Management Proxy Circular dated June 15, 2020 , which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy's website at www.obsidianenergy.com. 1 [...]
Obsidian Energy Ltd. is pleased to announce our second quarter 2020 financial and operational results. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy's unaudited interim consolidated financial statements and Management's Discussion and Analysis as at and for the three and six months ended June 30, 2020 can be found on our website at www.obsidianenergy.com. The documents will also be filed on [...]
CALGARY, AB, July 27 2020 /CNW/ - Obsidian Energy Ltd. will hold its 2020 annual and special general meeting in person on Thursday, July 30, 2020 at 9:00 am . The Meeting will take place at the Company's head office located at 200 – 207 9th Avenue S.W., Calgary, Alberta. Additionally, the Company will release our second quarter 2020 results on July 30, 2020. Annual and Special General Meeting Due to restrictions on [...]
Obsidian Energy Ltd. is providing additional details to the proposed Long Term Incentive plan amendments to be voted on by shareholders at the July 30, 2020 Annual General Meeting . The Company's LTI plan amendments are to the Restricted & Performance Share Unit Plan and the Stock Option Plan. In connection with the June 30, 2020 mailing of the management information circular and proxy statement in connection with our [...]
Obsidian Energy Ltd. is pleased to provide a corporate and operational update. Message to Shareholders We are pleased to report that Obsidian Energy has quickly adapted to the challenging environment over the past few months by taking prudent and decisive actions resulting in a CDN $24 million reduction in our forecasted operating expenses for 2020. Due to improved oil prices, narrower oil differentials, renegotiated [...]
OTC Markets Group Inc. , operator of financial markets for 10,000 U.S. and global securities, today announced Obsidian Energy Ltd. , an oil and gas producer in Western Canada, has qualified to trade on the OTCQX® Best Market. Obsidian Energy Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Obsidian Energy Ltd. begins trading today on OTCQX under the symbol "OBELF." U.S. investors can find current financial [...]
Obsidian Energy Ltd. is pleased to announce that our common shares will commence trading on the OTCQX market on June 16, 2020, under the same symbol it is currently trading . Obsidian Energy's share price on the OTCQB has traded over US$0.25 per share for 30 consecutive days, and as a result, we are moving to the OTCQX Best Market, which is the highest market tier ?operated by the OTC Markets Group, Inc. The OTCQX Best [...]
Obsidian Energy Ltd. is pleased to announce our first quarter 2020 financial and operational results. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy's unaudited interim consolidated financial statements and Management's Discussion and Analysis as at and for the three months ended March 31, 2020 can be found on our website at www.obsidianenergy.com. The documents will also be filed on SEDAR [...]
Obsidian Energy Ltd. has taken further proactive action to shut-in currently uneconomic production with a focus on preserving its balance sheet and improving financial flexibility. Additionally, the Company releases the date of its first quarter 2020 results. Production Shut-In Program & Operational Update Obsidian Energy's operations are very flexible and allow the Company to respond quickly to the current commodity [...]
Obsidian Energy Ltd. received notification from the New York Stock Exchange that the Company has not regained compliance with the NYSE's continued listing standard regarding share price pursuant to Rule 802.01C of the NYSE's Listed Company Manual. As a result, OBE.BC shares have been suspended from trading on the NYSE effective immediately. To facilitate trading for our United States based shareholders, Obsidian Energy's [...]
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