Obsidian Energy Confirms Filing of Its 2023 Year End Disclosure Documents
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Insights
The filing of audited Consolidated Financial Statements and related Management's Discussion and Analysis (MD&A) by Obsidian Energy provides investors with a comprehensive overview of the company's financial health and operational performance for the year ended December 31, 2023. The inclusion of reserves data and other oil and gas information, as required by National Instrument 51-101, is critical for assessing the company's asset base and future production potential. The availability of these documents allows for a detailed analysis of revenue trends, cost management and capital expenditure efficiency.
Investors and analysts can evaluate the company's liquidity position, debt levels and cash flow generation capabilities. This information is essential for forecasting future performance and making informed investment decisions. Additionally, the filing of the Annual Report on Form 40-F with the U.S. Securities and Exchange Commission underscores the company's compliance with international reporting standards, which could influence its attractiveness to U.S. investors.
From a market perspective, Obsidian Energy's audited financial results and MD&A provide insights into the company's strategic positioning within the oil and gas industry. By analyzing the reserves data, stakeholders can gauge the company's long-term viability and potential for growth in the context of global energy markets. The data enables comparisons with industry peers, highlighting Obsidian Energy's competitive advantages or challenges.
Market trends, such as fluctuations in oil prices, changes in regulatory environments and shifts in supply and demand dynamics, can be contextualized with the company's operational and financial data to predict market performance. The transparency of these filings may affect investor confidence and, subsequently, the company's stock price volatility.
For stakeholders with a focus on the energy sector, the detailed reserves data and oil and gas information provided by Obsidian Energy is of paramount importance. It allows for an assessment of the company's reserve replacement ratio and the life of its reserves, which are key indicators of sustainability in the energy sector. The efficiency of the company's exploration and development activities can also be deduced from these figures.
Understanding the company's approach to managing its reserves, including its strategies for exploration, production and technological innovation, is crucial in evaluating its ability to adapt to an industry that is increasingly focused on sustainable and responsible energy production. The company's performance in these areas can significantly influence its market positioning and future investment potential.
Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2023, and related Management's Discussion and Analysis ("MD&A"). Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2023, 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, 2023, will be filed with the U.S. Securities and Exchange Commission pursuant to its rules and regulations.
Copies of these documents may be obtained electronically on the SEDAR+ website (www.sedarplus.ca), EDGAR website (www.sec.gov for the Form 40-F) or Obsidian Energy's website. Hard copies of Obsidian Energy's audited Consolidated Financial Statements and related MD&A are also available upon request, free of charge, by contacting our Investor Relations group or by requesting them through our website.
CONTACT
OBSIDIAN ENERGY
Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3
Phone: 403-777-2500
Toll Free: 1-866-693-2707
Website: www.obsidianenergy.com;
Investor Relations:
Toll Free: 1-888-770-2633
E-mail: investor.relations@obsidianenergy.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198908
FAQ
Where can investors find Obsidian Energy's audited Consolidated Financial Statements for 2023?
What documents has Obsidian Energy filed with Canadian securities regulatory authorities?
Where can investors obtain hard copies of Obsidian Energy's audited Consolidated Financial Statements and related MD&A?
