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Obsidian Energy Ltd(OBE-T)
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Stocks in play: Obsidian Energy Ltd.

Baystreet.ca - Baystreet - Tue Jan 9, 2:30PM CST

Provided an operational update on our second-half 2023 development program with all drilling activity completed on schedule. The expects its full year 2023 average production to be approximately 32,500 boe/d based on preliminary estimates (at the top end of our 32,000 boe/d to 32,500 boe/d guidance range), which is a 6% increase over 2022. Including the impact of our share buyback program in 2023, this translates into 12% growth on a production per share basis based on shares outstanding at December 31, 2022, and 2023. Obsidian Energy Ltd. shares T.OBE are trading down $0.01 at $8.95.

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