Welcome to our dedicated page for Obsidian Energy news (Ticker: OBE), a resource for investors and traders seeking the latest updates and insights on Obsidian Energy stock.
Obsidian Energy Ltd. reports news about its oil and natural gas production business in Alberta, where it explores for, develops and holds interests in properties and related production infrastructure in the Western Canada Sedimentary Basin. Recurring updates focus on operating results, capital programs, reserves, production performance and development activity across assets including Peace River, Willesden Green and Viking.
Company news also covers waterflood initiatives, Belly River, Cardium and Clearwater activity, annual and quarterly financial results, normal course issuer bid activity, prepaid equity forward programs, shareholder meeting results and other governance matters tied to its TSX and NYSE American-listed common shares.
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 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.
Obsidian Energy (TSX: OBE, NYSE American: OBE) announced that its offer to purchase up to $3.0 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027, has received no valid tenders before the March 11, 2025 deadline. The offer, which was announced on February 26, 2025, has now expired.
The company currently maintains $114.2 million in aggregate principal amount of Notes outstanding. The tender offer was administered by Computershare Investor Services Inc. as the tender agent.
Obsidian Energy (TSX: OBE) has received TSX approval to renew its Normal Course Issuer Bid (NCIB), allowing the purchase of up to 7,144,408 common shares (10% of public float) over 12 months starting March 3, 2025. The program will expire on March 2, 2026.
Daily purchases on TSX are to 55,460 shares, with block purchase exceptions allowed weekly. Under the current NCIB expiring February 28, 2025, the company has already repurchased 4,164,820 shares at an average price of $9.32 per share.
The company believes its share price occasionally undervalues the business, making share repurchases an attractive opportunity to enhance per-share metrics. An automatic securities purchase plan has been established with a designated broker to facilitate purchases during blackout periods.
Obsidian Energy (TSX: OBE, NYSE American: OBE) has launched a cash offer to purchase up to $3.0 million of its outstanding 11.95% Senior Unsecured Notes due July 27, 2027. As of February 26, 2025, $114.2 million aggregate principal amount of Notes were outstanding.
The offer will expire on March 11, 2025, at 5:00 p.m. EDT. Holders of validly tendered and accepted Notes will receive $1,030 per $1,000 principal amount, plus accrued and unpaid interest. Settlement is expected on March 14, 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, and Obsidian Energy may amend, extend, terminate, or increase the Maximum Purchase Consideration at its discretion.