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Bullboard - Stock Discussion Forum 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... see more

TSX:OBE - Post Discussion

Obsidian Energy Ltd > Reporting of bought back Shares
View:
Post by JohnJBond on Apr 06, 2023 12:54pm

Reporting of bought back Shares

For those unfamiliar with the Toronto Stock Exchange manual

Pursuant to paragraph 629(k), bought back shares must be reported within 10 days of the end of the prior month.

"Within 10 days of the end of each month in which any purchases are made, whether the securities were purchased through the facilities of TSX or otherwise, the listed issuer shall report its purchases to TSX stating the number of securities purchased during its purchases that month, giving the volume weighted average price paid and stating whether the securities have been cancelled, reserved for issuance or otherwise dealt with. Nil reports are not required. The listed issuer may delegate the reporting requirement to the broker appointed to make its purchases; however, the listed issuer bears the responsibility of ensuring timely reports are made. TSX periodically publishes a list of securities purchased pursuant to normal course issuer bids."

The TSX is close tomorrow (Friday April 7)

OBE reported access to funds to started its buy back on March 22

We should hear about shares purchased in March, on or before Monday.
Comment by arnolddiver on Apr 06, 2023 1:25pm
I'm not expecting any ncib buys for march due to capex spending. However, there is minimal capex for the next few months so hopefully Loukas is buying esp after the opec cut. I guess we won't know until early may for purchases in april.  
Comment by JohnJBond on Apr 06, 2023 4:16pm
I am.   If it happenned we should know on Monday.
Comment by arnolddiver on Apr 06, 2023 5:49pm
Well looks liike Loukas bought 4k shares for himself this week. Happy Easter!
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