Obsidian Energy Ltd T.OBE

Alternate Symbol(s): 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 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.

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Obsidian Energy Ltd > Share buy back

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Comment by thetruth54on Apr 21, 2023 9:10am

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Post# 35406860

RE:RE:RE:RE:Share buy back

EXCHANGE LIMITATIONS ON NCIBS

Toronto Stock Exchange (“TSX”)

Over a twelve month period, the TSX restricts the purchases of shares by a corporation to a maximum number equal to the greater of (i) 10% of the corporation’s public float (i.e. shares held by non-insiders and free of resale restrictions) and (ii) 5% of the issued and outstanding shares of the class that are subject to the NCIB. In addition to this overall limit, the TSX applies a daily limit that restricts purchases to ‎25% of the average daily trading volume of the shares and‎ 1,000 shares‎.

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