Obsidian Energy Ltd.

Obsidian Energy Ltd. is an oil and gas company engaged in the exploration, development, and production of oil and natural gas. Its operations are focused in Western Canada, where it manages a portfolio of properties that include unitized and non-unitized light oil, heavy oil, and natural gas production. The company's activities involve identifying and developing hydrocarbon reserves, drilling wells, and extracting crude oil and natural gas for sale. Formerly known as Penn West Petroleum Ltd., the company rebranded to Obsidian Energy Ltd. in June 2017. Its business model centers on generating revenue through the sale of these commodities, with a focus on optimizing production from its asset base in the Western Canadian Sedimentary Basin.

Obsidian Energy Ltd. is listed on the NYSE American exchange under the ticker symbol OBE. The company's stock trades in US dollars (USD). Being listed on a major US exchange provides liquidity and access to a broad investor base. The NYSE American is known for listing smaller-cap companies, and Obsidian Energy's presence there allows it to attract capital from investors interested in the energy sector. The use of USD as the trading currency aligns with the exchange's standard and facilitates international investment.

Obsidian Energy Ltd. operates in the Energy sector, specifically within the Oil & Gas Exploration and Production (E&P) industry. This means the company is primarily involved in finding, developing, and producing crude oil and natural gas reserves. As an E&P company, its core activities include seismic testing, drilling wells, and operating production facilities. The Energy sector encompasses companies that provide fuel for transportation, heating, and industrial processes. Within this sector, the E&P industry focuses on the upstream segment of the oil and gas value chain, distinguishing it from midstream (transportation and storage) and downstream (refining and marketing) operations.

Obsidian Energy Ltd. is headquartered in Calgary, Canada, a city that serves as a major hub for the Canadian oil and gas industry. The company's operations are concentrated in Western Canada, where it explores for, develops, and produces oil and natural gas. Western Canada, particularly the provinces of Alberta, British Columbia, and Saskatchewan, is rich in hydrocarbon resources and hosts extensive oil and gas fields. Obsidian Energy's portfolio includes properties that produce light oil, heavy oil, and natural gas, all located within this region. The company's focus on Western Canada allows it to leverage local infrastructure, expertise, and regulatory frameworks.

Obsidian Energy Ltd. generates revenue through the exploration, development, and production of oil and natural gas. The company identifies and acquires rights to hydrocarbon-bearing properties, drills wells, and extracts crude oil and natural gas, which it then sells in the open market. Its portfolio includes a mix of light oil, heavy oil, and natural gas production from both unitized and non-unitized properties. Unitized properties involve joint operations with other companies to efficiently manage a reservoir, while non-unitized properties are operated solely by Obsidian. Revenue is influenced by commodity prices, production volumes, and operating costs. The company focuses on optimizing its asset base in Western Canada to maximize cash flow and shareholder value.