Obsidian Energy Ltd.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Stephen Elias Loukas
- Full Time Employees
- 203
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 207 – 9th Avenue SW Calgary AB Canada T2P 1K3
- IPO Date
- Nov 15, 2005
- CIK
- 0001334388
- Website
- obsidianenergy.com
- Similar Companies
- Business
- Obsidian Energy Ltd. (TSX, NYSE: OBE) is an intermediate-sized oil and gas exploration and production company focused on developing low-decline assets in western Canada. The company engages in the acquisition, exploration, development, and production of crude oil and natural gas resources, primarily targeting light oil plays in the Cardium and Viking formations; it operates conventional drilling and completion operations using multi-stage hydraulic fracturing techniques. Core assets include the Peace River area in northern Alberta, the Viking area in central and southern Alberta, and the Cardium area in west-central Alberta, with production primarily from horizontal wells; the company also offers midstream services through owned and leased infrastructure such as batteries, separators, and gas processing facilities. Obsidian Energy maintains a geographically concentrated footprint in the Western Canadian Sedimentary Basin, serving markets in North America with a focus on low-cost, high-return light oil development. Founded in 2007 and headquartered in Calgary, Alberta, Canada, the company prioritizes capital efficiency, operational improvements, and environmental stewardship in its business model. It targets institutional investors and energy sector stakeholders through a disciplined hedging program and quarterly dividend policy introduced in 2024. In recent developments, Obsidian Energy completed the strategic acquisition of two high-quality Cardium assets in Pembina, Alberta, in July 2024, adding approximately 1,800 boe/d of production and 7.5 MMboe of proved reserves, enhancing its drilling inventory. The company launched a share buyback program in 2024, repurchasing over 5% of its public float, and announced a quarterly dividend of C$0.013 per share starting in Q3 2024, marking its first regular dividend payout. Additionally, in October 2024, Obsidian renewed its normal course issuer bid and reported record Q3 2024 production of 34,100 boe/d, driven by successful Viking and Cardium well results and operational efficiencies.
Obsidian Energy Announces Strategic Belly River Acquisition
Obsidian Energy Increases 2026 Capital Program, Targeting 15% Production Growth in 2027
Obsidian Energy Announces Voting Results from the 2026 Annual and Special Meeting of Shareholders
Obsidian Energy Announces First Quarter 2026 Results
Obsidian Energy Ltd (OBE) Shares Fall 3.4% -- What GF Score of 46 Tells Investors
Obsidian Energy Ltd (OBE) Shares Surge 5.9% -- What GF Score of 46 Tells Investors
Obsidian Energy (NYSEAMERICAN:OBE) Hits New 1-Year High – Still a Buy?
Obsidian Energy (NYSEAMERICAN:OBE) Sees Large Volume Increase – Here’s Why
Obsidian Energy (TSE:OBE) Stock Price Down 7.3% – What’s Next?
Obsidian Energy Ltd (OBE) Shares Surge 6.4% -- What GF Score of 46 Tells Investors
Obsidian Energy Continues to Mitigate Operational Risk with ISN
Obsidian Energy Announces Operational Update
Obsidian Energy: Under-The-Radar Oil Play Offering Large Upside
Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid
Obsidian Energy Confirms Filing 2025 Year End Disclosure Documents
Obsidian Energy Announces Fourth Quarter and Full Year 2025 Results
Obsidian Energy Announces Strong 2025 Reserves Results
Obsidian Energy Announces 2026 Guidance and Provides an Operational Update
Obsidian Energy Announces Closing of $175 Million, 5-Year Senior Unsecured Notes Due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes Due in 2027
Obsidian Energy Announces Offering and Pricing of $175 Million, 5-Year Senior Unsecured Notes due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes due in 2027