Obsidian Energy Ltd. (T:OBE*CA)

Business Focus: Oil Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 207 9 Ave SW Suite 200
Tel: N/A
Website: https://www.obsidianenergy.com
IR: See website
Key People
Gordon M. Ritchie
Independent Chairman of the Board
Stephen E. Loukas
Interim President, Chief Executive Officer
Mark Hodgson
Vice President - Operations and E&P Services
Aaron Smith
Vice President - Development
Andrew Francis Sweerts
Vice President - Business Development and Commercial
Business Overview
Obsidian Energy Ltd, formerly Penn West Petroleum Ltd, is a Canada-based conventional oil and natural gas producer and development and production company. The Company operates a portfolio of opportunities with an oil position in the Cardium, Viking and Peace River areas of Alberta. The Alberta Viking area offers a mix of light-oil and gas with high-netback shorter cycle wells to complement longer cycle activities in the Cardium. The Cardium is concentrated on the low-decline and high-netback light-oil production. The Company is focused on an integrated waterflood approach in which it maintain reservoir pressure from the start of production to reduce decline rates on new wells. The Peace River operates in a crude oil resource industry.
Financial Overview
For the three months ended 31 March 2020, Obsidian Energy Ltd revenues decreased 18% to C$79M. Net loss increased from C$54M to C$746M. Revenues reflect Natural Gas - Production - Total decrease of 4% to 4.78B cubic feet, Oil Equivalent Production Legacy decrease from 1K to 0K barrels per day, Gross Turnover decrease of 18% to C$84M. Higher net loss reflects Exploration & Development Costs - Total increase of 78% to C$41M.
Employees: 184 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $616.35M as of Mar 31, 2020
Annual revenue (TTM): $370.00M as of Mar 31, 2020
EBITDA (TTM): $198.00M as of Mar 31, 2020
Net annual income (TTM): -$1,480M as of Mar 31, 2020
Free cash flow (TTM): $1.00M as of Mar 31, 2020
Net Debt Last Fiscal Year: $485.00M as of Mar 31, 2020
Shares outstanding: 73,022,321 as of Apr 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization