Obsidian Energy: Heavy Oil Production May Reach 12,000 Barrels Per Day By Late 2024 [Seeking Alpha]
Obsidian Energy Ltd. (OBE)
Last obsidian energy ltd. earnings: 8/2 06:30 am
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obsidianenergy.com/investor-centre
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Source: Seeking Alpha
Investing Group Leader Follow Summary Obsidian's Q2 2024 production averaged 35,773 BOEPD despite a 1,550 BOEPD negative impact from blockades. Obsidian has reached an agreement with the Woodland Cree First Nation. Heavy oil production may reach 12,000 barrels per day in Q4 2024. Obsidian planned for continued rapid heavy oil production growth in 2025 and 2026, although growth may be reduced if oil prices don't improve. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » ugurhan Obsidian Energy's ( NYSE: OBE TSX: OBE:CA ) Q2 2024 results were solid , with production averaging 35,773 BOEPD despite a negative impact of 1,550 BOEPD from blockades. Obsidian's dispute with the Woodland Cree First Nation has been resolved with an agreement that lasts until the end of 2025. This clears Obsidian to achieve significant heavy oil production growth during the second half of the year, although weaker oil prices may
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News
- Edward Kernaghan buys as Obsidian Energy stock lags [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Obsidian Energy Ltd. (NYSE:OBE): Among The 10 Oversold Canadian Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Obsidian Energy cuts FY capex outlook, flags volatility in broader oil and gas markets [Seeking Alpha]Seeking Alpha
- Obsidian Energy Announces Increased 2024 Production Guidance and Revised Capital Program [Yahoo! Finance]Yahoo! Finance
- Returns At Obsidian Energy (TSE:OBE) Are On The Way Up [Yahoo! Finance]Yahoo! Finance
OBE
Sec Filings
- 11/7/24 - Form SC
- 11/7/24 - Form 144
- 10/31/24 - Form 6-K
- OBE's page on the SEC website