Obsidian Energy Announces Increased 2024 Production Guidance and Revised Capital Program [Yahoo! Finance]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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US:NYSE Investor Relations:
obsidianenergy.com/investor-centre
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Source: Yahoo! Finance
Calgary, Alberta--(Newsfile Corp. - September 30, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", the " Company we us " or " our ") is pleased to provide an update to our 2024 guidance that includes ongoing strong second half 2024 drilling results that continue to exceed our initial expectations. As a result, we have further increased our 2024 production guidance range to 37,000 to 37,400 boe/d (midpoint of 37,200 boe/d) with associated adjustments to our funds flow from operations (" FFO ") and free cash flow (" FCF Considering the recent softness in commodity prices and market uncertainty due to global factors, Obsidian Energy has also revised our 2024 capital expenditures downwards by approximately $15 million, reallocating a portion of light oil spending towards incremental share buybacks through our normal course issuer bid (" NCIB ") and further debt reduction. In total, the reallocation of capital is only expected to impact average 2024 pro
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OBE
Sec Filings
- 10/31/24 - Form 6-K
- 10/24/24 - Form 6-K
- 10/8/24 - Form 6-K
- OBE's page on the SEC website