Obsidian Energy (TSE:OBE) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Obsidian Energy has increased its syndicated credit facility to $300 million, enabling the company to substantially repay its term loan, now reduced to $10 million. The financial maneuver is part of a strategy to strengthen liquidity, expedite debt repayment, and support growth and capital return plans, particularly relating to the company’s Peace River assets.
For further insights into TSE:OBE stock, check out TipRanks’ Stock Analysis page.
