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Obsidian Energy Ltd. (TSX: OBE) (NYSE: OBE) is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing roughly 30,000 boe per day. endobj
Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update any forward-looking statements. %PDF-1.7
This information is useful to management and investor relations teams 4 0 obj
Contributing to our results was the decision to temporarily shut-in production that was uneconomic in the lower price environment. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the forward-looking statements contained herein will not be correct, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Operations Map Alberta Viking Cardium Peace River.
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This page shows the institutions and funds most likely to invest in OWE / Obsidian Energy Ltd., These risks and uncertainties include, among other things: the possibility that we are not able to continue as a going concern and realize our assets and discharge our liabilities in the normal course of business; the possibility that the Company will not be able to continue to successfully execute our business plans and strategies in part or in full, and the possibility that some or all of the benefits that the Company anticipates will accrue to our Company and our stakeholders as a result of the successful execution of such plans and strategies do not materialize; the possibility that the Company is unable to complete one or more of the potential transactions being pursued pursuant to our ongoing strategic alternatives review process, including the potential disposition of assets, on favorable terms or at all; the possibility that the Company does not qualify for one or more government assistance programs implemented in connection with the COVID-19 pandemic and other regional and/or global health related events, or that the impact of such programs falls below our expectations; the impact on energy demand of regional and/or global health related events, including the ongoing COVID-19 pandemic and the responses of governments and the public to the pandemic, including the risk that the amount of demand destruction and/or the length of the decreased demand exceeds or expectations; the possibility that the revolving period and term out period of our credit facility and the maturity date of our senior notes is accelerated, that the borrowing base under our credit facility is reduced, that the Company is unable to renew our credit facilities on acceptable terms or at all and/or finance the repayment of our senior notes when they mature and/or obtain debt and/or equity financing to replace one or both of our credit facilities and senior notes; the possibility that we breach one or more of the financial covenants pursuant to our agreements with our lenders and the holders of our senior notes; the possibility that we are forced to shut-in additional production or continue existing production shut-ins longer than anticipated, whether due to commodity prices failing to rise or decreasing further or changes to existing government curtailment programs or the imposition of new programs; the risk that OPEC, The forward-looking statements contained in this document speak only as of the date of this document.
To order presentation-ready copies of Toronto Star content for distribution to colleagues, clients or customers, or inquire about permissions/licensing, please go to: www.TorontoStarReprints.comDespite good Q2 results, the transaction was needed as the company is facing a debt wall in the short term.Canadian Natural Resources Ltd. chairman Murray Edwards, left, prepares to address the company's annual meeting in Calgary on May 9, 2019.
A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Our FFO performance of As we continue to monitor the recovery in oil demand and should oil prices sustainably return above WTI Our senior management and the Board of Directors continue to focus their attention on the evaluation of the Company’s strategic options and alternatives and actively pursue the objective of consolidation within the Cardium play to add scale, efficiency and financial strength.Our staff worked diligently in response to the exceptional pricing volatility over the past several months. This webcast presentation will also be broadcast live on the Internet and may be accessed directly at the following URL:Alternatively, to listen to the conference call, please call 416-764-8659 or 1-888-664-6392 (toll-free).A question and answer session will be held following the presentation. All rights reserved. Significant cost control measures allowed us to achieve substantial reductions in operating costs (“As a result of the proactive and timely actions to reduce costs during the quarter and the outstanding performance and contribution of our first half development program, Obsidian Energy was able to exceed all guidance targets in a very challenging macro environment.
T. 1-888-770-2633. <>
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Calgary, Canada Area.
The Alberta Liabilities Disclosure Project says the province's largest oil and gas companies are underestimating how much it will cost to clean up thousands of oil and gas wells drilled over past decades.The Alberta Energy Regulator says it has ordered Calgary-based Obsidian Energy to suspend activity at a well “and associated infrastructure” where 400,000 litres of produced water spilled late last month.The Alberta Energy Regulator (AER) says cleanup efforts are underway after 400,000 litres of produced water leaked from an Obsidian Energy well near Drayton Valley this week.The company needs to acquire assets to increase its reserves.
FFO is used to assess the Company’s ability to fund its planned capital programs.
Transfer Agent: AST Trust Company.
In addition to these strong well results, the Company successfully completed our first half optimization program, investing In light of the current commodity price environment, Obsidian Energy has planned for a reduced second half 2020 capital expenditure program of approximately Due to restrictions on gatherings implemented by the Government of Following the conclusion of the Meeting, our Interim President and CEO, Mr.
CALGARY, AB – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQB: OBEL) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce our second quarter 2020 financial and operational results.All figures are in Canadian dollars unless otherwise stated.
Obsidian Energy Ltd. (OBE) Q1 2019 Earnings Conference Call May 10, 2019 10:00 AM Company Participants Kyle Doucet – Corporate Planning and Investor Relations Lead Michael Faust – …
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