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.

TSX:OBE - Post by User

Obsidian Energy Ltd

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Post by CoPilot99on Aug 22, 2023 7:10pm

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Post# 35600860

Can they restructure any of the debt?

Last week they purchased $5 mil of their 11.95 % unsecured debt. More progress in the right direction.
It was over subscribed at $72.5 mil tendered. Is it possible to somehow restructure this debt at better terms? Get a lower rate loan to buy this higher rate debt that was over subscribed. Thanks for any opinions or expert knowledge.
Also thanks for the recent opinions. I am of similar opinion and holding long with the expectations of future dividends and higher oil prices.

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