Obsidian Energy Stock Price, News & Analysis

Obsidian Energy (NYSE:OBE) has launched a cash tender offer to purchase up to $48.4 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. The company is offering $1,030 per $1,000 principal amount of Notes, plus accrued and unpaid interest. Currently, $112.2 million in aggregate principal amount of Notes are outstanding.

The tender offer will expire on August 12, 2025, with settlement expected on August 15, 2025. If the aggregate purchase price exceeds the Maximum Purchase Consideration, the company will accept Notes on a pro rata basis. The offer is not conditional on any minimum amount of Notes being tendered.

Obsidian Energy (NYSE: OBE) reported Q2 2025 results with funds flow from operations of $65.8 million ($0.94 per share) and average production of 28,943 boe per day. The company significantly strengthened its balance sheet through the sale of Pembina assets and actively pursued shareholder returns via share buybacks, repurchasing ~5.4 million shares (7% of outstanding) for $36.6 million during Q2.

Key financial metrics include net income of $15.3 million ($0.22 per share), reduced net debt to $270.2 million (down from $411.7 million in December 2024), and net operating costs of $13.54 per boe. The company's capital expenditures totaled $40.2 million, focusing on Peace River development and the Clearwater waterflood pilot project.

Since 2023, OBE has repurchased and cancelled approximately 20% of outstanding shares through its buyback program, demonstrating strong commitment to shareholder returns.

Obsidian Energy (NYSE American: OBE) has received a non-binding offer from an unnamed third party to acquire its entire stake of 9,139,784 common shares in InPlay Oil Corp., representing approximately 32.7% of InPlay's outstanding shares. The offered price exceeds InPlay's July 15, 2025 closing price on the Toronto Stock Exchange.

OBE has entered exclusive negotiations until August 1, 2025 regarding this potential disposition. As a result, the company has suspended its previously announced exchange offer to purchase approximately $10 million of its common shares using InPlay shares as consideration.

The transaction remains subject to negotiations, including discussions with InPlay regarding existing transfer restrictions effective until October 7, 2025.

Obsidian Energy (NYSE: OBE) announced its second half 2025 capital program, featuring $110-120 million in development capital expenditures for 28 net operated wells. The company plans to moderate near-term production growth and focus on per-share metrics through share buybacks following the Pembina asset disposition.

Production is expected to average 27,700 boe/d in H2 2025, building to ~29,000 boe/d by year-end. The company will allocate $62 million to Peace River and $52 million to Willesden Green developments. Additionally, Obsidian intends to launch a ~$10 million Canadian Exchange Offer to acquire OBE shares in exchange for InPlay Oil Corp. shares, representing about 3.3% of InPlay's total shares.

Obsidian Energy (OBE) reports strong operational progress in its first half 2025 capital program, achieving a new production record of 14,000 boe/d for Peace River asset. The company completed drilling all 30 wells, with focus on Peace River Bluesky and Clearwater assets. Notable achievements include successful development at Harmon Valley South and Dawson areas, with Dawson Clearwater production growing from 189 boe/d in Q4 2023 to over 3,000 boe/d in May 2025. The company completed its first Peace River Clearwater waterflood pilot on the Dawson 4-24 Pad, with all five wells now online. In light oil assets, OBE participated in five non-operated wells at Pembina Cardium Unit #11. The company has implemented strategic hedging positions for oil and gas to mitigate price risk, with various contracts extending through March 2026.

Obsidian Energy (TSX: OBE) (NYSE American: OBE) held its 2025 Annual and Special Meeting of Shareholders on May 7, 2025, where all proposed resolutions were approved. KPMG LLP was appointed as the company's auditor. Seven directors were elected with strong approval ratings, led by Gordon Ritchie (94.3% approval) and Stephen Loukas (93.6% approval). Shareholders also passed a non-binding advisory vote on executive compensation with 80.2% approval. The company has made available a new corporate presentation and management webcast replay on their website for investors, shareholders, and stakeholders.

Obsidian Energy (TSX: OBE, NYSE: OBE) reported Q1 2025 results with production averaging 38,416 boe/d, up 12% from Q1 2024. The company generated funds flow from operations of $100.1 million ($1.36/share), a 19% increase year-over-year, and net income of $15.4 million ($0.21/share). A significant milestone was the closing of a $320 million Pembina assets divestiture in April 2025, with proceeds used to reduce debt. The company completed 26 operated wells and brought 19 wells into production during Q1. Due to market uncertainty, Obsidian reduced its first-half capital program to $165-170 million from $185-195 million and withdrew its previous three-year growth plan targeting 50,000 boe/d by 2026. The company continues its share buyback program, repurchasing approximately 3.5 million shares in 2025 at an average price of $6.98 per share.

Obsidian Energy has announced the release date for its first quarter 2025 financial and operational results, scheduled for Wednesday, May 7, 2025, before North American markets open. The company will host its Annual and Special Meeting on the same day at 1:00 p.m. MT in Calgary, Alberta.

Following the formal meeting, President and CEO Stephen Loukas and management will conduct a webcast presentation at 2:00 p.m. MT. Shareholders can access the presentation through the company's website or the webcast portal. Participants can join via toll-free numbers: 1-844-763-8274 (Canada/U.S.) or 1-647-484-8814 (International).

Questions can be submitted in advance through the webcast portal or via email to investor relations. An updated corporate presentation will be available on the company's website after the webcast. Obsidian Energy trades on both the TSX and NYSE American under the symbol "OBE".

Obsidian Energy (TSX: OBE, NYSE: OBE) has successfully closed the divestiture of its operated Pembina assets to InPlay Oil Corp. (TSX: IPO) for approximately $320 million. The transaction includes:

• $220 million in cash (reduced to $211 million after adjustments)
• $85 million in InPlay common shares (54.8 million shares at $1.55 per share)
• InPlay's 34.6% working interest in Willesden Green Cardium Unit #2, valued at $15 million

The cash proceeds were used to reduce the company's debt, leaving approximately $30 million drawn on their reduced $235 million syndicated credit facility. The facility's terms have been extended to May 31, 2026 for the revolving period and May 31, 2027 for maturity. Following the transaction, Obsidian Energy now owns approximately 33% of InPlay's outstanding shares.