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 35,700 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 on 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 > Bank Syndicate Extension Date

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Post by JohnJBondon May 31, 2022 6:26pm

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Post# 34721563

Bank Syndicate Extension Date

The change from May 31 to July 15 is to be expected.

Chances are the new debintures will start on July 1

The amount needed will be dependant on how much debt they can pay down in Q2 (ie how much free cash flow they will get). This free cash flow in Q2 is a pretty big number, and a big part of it will be coming in June. It makes sense they would be reluctant to issue more debentures than needed by doing so one month earlier (ie June 1) - that extra month may mean 10% or more fewer debintures.

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