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 Ritchie
Chairman of the Board
David Lawrence French
President, Chief Executive Officer, Director
David Warren Hendry
Chief Financial Officer
Tony Berthelet
Vice President - Development & Commercial
Mark Hodgson
Vice President - Operations and E&P Services
Aaron Smith
Vice President - Development
Andrew Francis Sweerts
Vice President - Business Development and Commercial
Michael J. Faust
Independent Director
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 fiscal year ended 31 December 2018, Obsidian Energy Ltd revenues decreased 3% to C$408M. Net loss increased from C$84M to C$305M. Revenues reflect Natural Gas Production (Cft) decrease of 91% to 22B cubic feet, Royalties decrease of 20% to -C$36M, Gross Turnover decrease of 1% to C$444M. Higher net loss reflects Avg. Production Costs per Barrel, Total increase of 4% to C$13.89 per barrel.
Employees: 236 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $619.42M as of Dec 31, 2018
Annual revenue (TTM): $408.00M as of Dec 31, 2018
EBITDA (TTM): $174.00M as of Dec 31, 2018
Net annual income (TTM): -$305.00M as of Dec 31, 2018
Free cash flow (TTM): -$69.00M as of Dec 31, 2018
Net Debt Last Fiscal Year: $419.00M as of Dec 31, 2018
Shares outstanding: 507,385,398 as of Feb 28, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization