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Stock impact report

Obsidian Energy Announces Peace River Acquisition and Increased 2024 Average Production Guidance [Yahoo! Finance]

Obsidian Energy Ltd. (OBE) 
Last obsidian energy ltd. earnings: 8/2 06:30 am Check Earnings Report
US:NYSE Investor Relations: obsidianenergy.com/investor-centre
Company Research Source: Yahoo! Finance
• 2024 Guidance revised to reflect the acquisition, reduced capital expenditures and higher average production, funds flow from operations and free cash flow with oil / liquids weighting increased to 70 percent Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (" Obsidian Energy ", the " Company we us " or " our ") is pleased to announce it has entered into a purchase and sale agreement (the " Agreement ") to acquire approximately 1,700 boe/d (100 percent oil, based on April 2024 actual production) of Clearwater production and 148 net sections of land in the Peace River area (the " Acquisition ") from a third-party (the " Vendor "). Combining the Acquisition with other smaller acquisitions completed in 2024, the Company currently has over 680 net sections of land with Clearwater and/or Bluesky heavy oil rights. Total consideration paid for the Acquisition is expected to be approximately $76 million (net of closing adjustments Show less Read more
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