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 |
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 |