Plutux
$12.03
-0.41%
2026-09-03 16:00:00 EDT-$0.05
Energy
Oil & Gas Exploration & Production
AMEX
Active Trading

Obsidian Energy Ltd. is primarily engaged in the discovery, extraction, and improvement of crude oil and natural gas assets throughout the Western ...

Price Action

$12.03
-0.41%-$0.05
High
Low
52W High-17.5%
Rel. vol
Interval
Range6.5h
VolumeSMA5SMA10
Obsidian Energy Ltd. (NYSE Arca: OBE) is an intermediate Canadian upstream oil and gas producer headquartered in Calgary, Alberta, with operations centered on the Western Canada Sedimentary Basin (WCSB). The company’s core activities are the discovery, extraction, and enhancement of crude oil and natural gas resources, with a business model ...Obsidian Energy Ltd. (NYSE Arca: OBE) is an intermediate Canadian upstream oil and gas producer headquartered in Calgary, Alberta, with operations centered on the Western Canada Sedimentary Basin (WCSB). The company’s core activities are the discovery, extraction, and enhancement of crude oil and natural gas resources, with a business model typical of E&P companies: acquire or hold petroleum interests, drill and complete wells, operate production assets, and continually optimize reservoir performance through maintenance, workovers, and development planning. From a products and service perspective, Obsidian Energy’s “products” are the sale of crude oil, natural gas, and associated natural gas liquids produced from its operated and non-operated properties (as is common in the WCSB). Its value creation generally depends on converting subsurface assets into sustained production—then lowering unit costs through operational efficiency. Like many upstream firms, much of the company’s cost structure is driven by lease operating costs, field services, well servicing/workover activity, transportation and gathering, and regulatory/compliance expenses. Capital expenditure (capex) typically represents the largest controllable lever in the short to medium term, supporting drilling programs, development projects, and infrastructure required to bring production online. Financially, upstream businesses are highly sensitive to commodity prices and operating volumes, and they often require disciplined capital allocation. Metrics provided indicate an E&P company with exposure to market cycles (e.g., valuation multiples and cash-flow relationships) and a working-capital profile that may fluctuate with commodity pricing, receivables, and payment terms. Such companies also manage balance-sheet risk through funding of capital programs, debt management, and maintaining liquidity to withstand lower-price periods. Key people include Stephen Elias Loukas, President and Chief Executive Officer (appointed in 2022, with prior interim leadership roles). The corporate lineage includes a notable rebranding: formerly known as Penn West Petroleum Ltd., the firm adopted the Obsidian Energy name in June 2017. Governance and strategy are typically focused on: (1) portfolio management within the WCSB, (2) sustaining and growing production in a risk-managed way, and (3) improving returns through operational optimization and targeted development. Operationally, staffing levels (around the low-to-mid hundreds in recent years) suggest a lean organizational approach for an upstream producer—balancing technical expertise in geology/reservoir engineering and field operations with cost control. Over time, Obsidian also emphasizes recruiting and workplace recognition in Alberta, reflecting a focus on attracting skilled talent to support field execution and asset stewardship.
Founded
1979
Employees
148
CEO
Stephen Elias Loukas
Full Name
Obsidian Energy Ltd.
Sector
Energy
Industry
Oil & Gas Exploration & Production
Market Cap
$0.80B
WACC
6.01%
ROIC
4.00%

Contact Information

403 777 2500
207 – 9th Avenue SW, Calgary, AB T2P 1K3

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