Obsidian Energy Ltd. (T:OBE*CA)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 207 - 9Th Avenue S.W., Suite 200
CALGARY AB T2P 1K3
Tel: N/A
Website: https://www.obsidianenergy.com
IR: See website
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Key People
Stephen E. Loukas
President, Chief Executive Officer, Director
Peter D. Scott
Chief Financial Officer, Senior Vice President
Gary Sykes
Senior Vice President - Commercial and Development
Cliff Swadling
Vice President - Operations
Mark Rodger Hawkins
Vice President - Legal, General Counsel, Corporate Secretary
 
Business Overview
Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 32,000 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused in the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.
Financial Overview
For the fiscal year ended 31 December 2023, Obsidian Energy Ltd revenues decreased 15% to C$660.5M. Net income decreased 87% to C$108M. Revenues reflect Oil Equivalent Production Peace River decrease of 3% to 7K barrels per day, Gross Turnover decrease of 20% to C$720.6M. Net income also reflects Avg. Production Costs per Barrel, Total increase of 1% to C$17.69 per barrel, Depletion and depreciation increase of 20% to C$204.9M (expense).
Employees: 198 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,083M as of Dec 31, 2023
Annual revenue (TTM): $660.50M as of Dec 31, 2023
EBITDA (TTM): $381.90M as of Dec 31, 2023
Net annual income (TTM): $108.00M as of Dec 31, 2023
Free cash flow (TTM): $59.60M as of Dec 31, 2023
Net Debt Last Fiscal Year: $227.50M as of Dec 31, 2023
Shares outstanding: 77,268,538 as of Mar 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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