Bullboard - Stock Discussion Forum Obsidian Energy Ltd OBE

Primary Symbol: T.OBE

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... see more

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Obsidian Energy Ltd > TSX Approval for Renewal of Normal Course Issuer Bid T.OBE

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Post by Betteryear2 on Feb 27, 2024 7:16am

TSX Approval for Renewal of Normal Course Issuer Bid T.OBE

Calgary, Alberta--(Newsfile Corp. - February 27, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 7,564,767 common shares (representing 10 percent of the Company's public float, as defined by the TSX, as of February 15, 2024) over a period of 12 months commencing on February 29, 2024. On February 15, 2024, Obsidian Energy had 77,405,038 common shares outstanding and 75,647,677 common shares in our public float. The NCIB will expire no later than February 28, 2025.

Obsidian Energy Announces TSX Approval for Renewal of Normal Course Issuer Bid (newsfilecorp.com)