Obsidian Energy Announces Third Quarter 2019 Financial and Operational Results and Updates 2019 Guidance
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.
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OBSIDIAN ENERGY LTD. (TSX: OBE, OTCQB: OBEL) ("Obsidian Energy", the "Company", "we", "us" or "our") 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.
CALGARY , March 29, 2020 /CNW/ -OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce completion of agreements with our lenders and building landlord. Further to our recent announcements, the Company has executed final agreements resulting in the renewal of our syndicated credit facility, amendments to our senior notes and renewed terms on our Calgary office lease. All terms are consistent as previously announced except for further financial covenant relief, which will provide the Company additional flexibility in the current oil price environment.
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CALGARY , Jan. 16, 2020 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our Cardium development program which continues to demonstrate encouraging results as we initiate our 2020 drilling campaign. Additionally, the Company provides the details of recently added hedges to our 2020 program.
CALGARY, Oct. 21, 2019 /PRNewswire/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the reporting date of its upcoming third quarter 2019 financial and operating results and the resignation of its Chief Financial Officer. Obsidian Energy expects to release its third quarter 2019 financial and operational results before North American markets open on Monday, November 4, 2019. In addition, the third quarter management's discussion and analysis and the unaudited consolidated financial statements will be available on our website at www.obsidianenergy.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov on or about the same date.
Obsidian Energy Announces Year-End 2019 Financial and Operational Results and 2020 Development Program Update
CALGARY , Feb. 27, 2020 /CNW/ - 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.
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 Cardium development program planned for the second half of the year is progressing as planned, with six wells rig released. The Company has seven additional wells planned in the fourth quarter of 2019.
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 further to our press release on March 4, 2020 that we have reached an agreement with our noteholders to amend the senior note agreements to align all note maturity dates to November 30, 2021. In addition, the Company has reached an agreement with its building landlord on renewed lease terms for its Calgary office space.
OBSIDIAN ENERGY LTD. (TSX – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") received notification from the New York Stock Exchange (the "NYSE") 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 common shares will begin trading on the OTCQB under the symbol OBELF on April 2, 2020 and will remain trading on the Toronto Stock Exchange under the symbol OBE.
Obsidian Energy Releases 2019 Reserves Results
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Obsidian Energy Ltd. (NYSE:OBE). Is Obsidian Energy Ltd. (NYSE:OBE) the […]
CALGARY , Oct. 1, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") received notification on October 1, 2019 , from the New York Stock Exchange (the "NYSE") that the Company is no longer in compliance with one of the NYSE's continued listing standards because the average closing price of Obsidian Energy's common shares was less than US$1.00 per share over a consecutive 30 trading day period. As of September 27, 2019 , the average closing price of Obsidian Energy's common shares over the preceding consecutive 30 trading day period was US$0.99 per share.
OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the appointment of Stephen E. Loukas as Interim President and CEO, effective December 5, 2019. Mr. Loukas will succeed current Interim President and CEO, Michael J. Faust, who will return to his prior position of Independent Director and take on new responsibilities as Chair of the Commercial Committee.
OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", "we", "us" or "our") announces that we have filed with Canadian securities regulatory authorities our audited Consolidated Financial Statements for the year ended December 31, 2019 and related Management's Discussion and Analysis. Obsidian Energy has also filed our Annual Information Form for the year ended December 31, 2019, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101. Obsidian Energy's Annual Report on Form 40-F for the year ended December 31, 2019 has been filed with the U.S. Securities and Exchange Commission pursuant to its rules and regulations.