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
Michael J. Faust
Interim President, Interim Chief Executive Officer, Director
David Warren Hendry
Chief Financial 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 2019, Obsidian Energy Ltd revenues decreased 12% to C$96M. Net loss decreased 17% to C$54M. Revenues reflect Natural Gas - Production - Total decrease of 13% to 4.97B cubic feet, Oil Equivalent Production (Barrels/Day) decrease of 47% to 1K barrels per day, Gross Turnover decrease of 11% to C$103M. Lower net loss reflects Avg. Production Costs per Barrel, Total decrease of 9% to C$16.36 per barrel.
Employees: 236 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $512.42M as of Mar 31, 2019
Annual revenue (TTM): $395.00M as of Mar 31, 2019
EBITDA (TTM): $166.00M as of Mar 31, 2019
Net annual income (TTM): -$294.00M as of Mar 31, 2019
Free cash flow (TTM): -$101.00M as of Mar 31, 2019
Net Debt Last Fiscal Year: $586.00M as of Mar 31, 2019
Shares outstanding: 72,983,476 as of Jul 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization