Obsidian Energy Ltd. (OBE) News
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Latest OBE News From Around the Web
Below are the latest news stories about Obsidian Energy Ltd that investors may wish to consider to help them evaluate OBE as an investment opportunity.
CALGARY , March 4, 2020 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that, further to our press release on February 27, 2020 , we have reached an agreement with our syndicated credit facility lenders to extend the date by which certain conditions are required to be met from March 4, 2020 to March 13, 2020 . In the event the Company cannot reach agreement to meet the above conditions with both the noteholders and the building landlord by March 13, 2020 , then our $450 million syndicated credit facility will cease to revolve with a term out final maturity date of April 1, 2021 .
OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the Company's syndicated credit facility with the underlying borrowing base and amount available under the syndicated credit facility set at $550 million and $450 million, respectively, subject to specific items being amended as discussed below. The amount available under the syndicated credit facility has been reduced by $10 million to the aforementioned $450 million level. Additional terms in the amending agreement are as follows:
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
Obsidian Energy Releases 2019 Reserves Results
CALGARY , Jan. 21, 2020 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Additionally, production in the fourth quarter of 2019 was approximately 26,600 boe/d, with an average December rate of approximately 28,000 boe/d – allowing the Company to enter 2020 with operating momentum. As previously disclosed, the Company has a reserve-based syndicated credit facility which is subject to a semi-annual borrowing base redetermination typically in May and November of each year.
The top gainers on the TSX last week were Platinum Group Metals, Obsidian Energy, Capstone Mining, Copper Mountain and GoGold Resources. The post 5 Top Weekly TSX Stocks: Capstone Reports Positive Results at Cozamin appeared first on Investing News Network .
The top gainers on the TSX last week were Silver Bear Resources, Turquoise Hill, Dundee Precious Metals, Obsidian Energy and Entrée Resources. The post 5 Top Weekly TSX Stocks: Oyu Tolgoi Developers Jump appeared first on Investing News Network .
Obsidian Energy (OBE): Q3 GAAP EPS of -$0.38 beats by $0.12; FFO/share of $0.44. Revenue of $94M (-24.2% Y/Y) Shares +11.55% PM. Press Release
CALGARY, Sept. 30, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on its Cardium development program and hedging portfolio. The 13 well Willesden Green
Environmental liabilities, a heavy debt load and a falling share price will make a sale difficult for the Calgary oil producer