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Stocks in play: Obsidian Energy

Baystreet.ca - Baystreet - Thu Sep 21, 2023

Announced its three-year corporate plan, focused primarily on growth from the Peace River asset, as well as a $40 million increase to our 2023 capital program. The plan generates $291 million of free cash flow from 2024 to 2026 at US$75.00/bbl WTI; 2023 capital budget increased to $300 million with recent increase in oil prices. Obsidian Energy shares T.OBE are trading up $0.27 at $10.30.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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