Obsidian Energy Completes Major Share Sale in InPlay Oil

An announcement from Obsidian Energy ( (TSE:OBE) ) is now available.

On August 4, 2025, Obsidian Energy entered into a definitive agreement with Delek Group Ltd. to sell 9,139,784 common shares of InPlay Oil Corp., representing approximately 32.70% of InPlay’s outstanding shares. The transaction was completed on August 7, 2025, for a total price of C$91,397,840, with a minor reduction due to filing fees. This move was part of Obsidian’s strategy to monetize equity received from a previous asset sale and to use the proceeds to reduce existing debt. The sale also led to the termination of certain agreements with InPlay and the resignation of Obsidian’s board nominees from InPlay’s board.

The most recent analyst rating on (TSE:OBE) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Obsidian Energy stock, see the TSE:OBE Stock Forecast page.

Spark’s Take on TSE:OBE Stock

According to Spark, TipRanks’ AI Analyst, TSE:OBE is a Neutral.

Obsidian Energy’s overall stock score is weighed down by its financial challenges, particularly in terms of profitability and cash flow management, despite positive revenue growth and a strong balance sheet. Technical analysis further supports a cautious outlook with bearish indicators, while valuation metrics are unattractive due to negative earnings. The absence of earnings call insights and corporate events leaves these aspects out of consideration, focusing attention on the existing financial and market data.

To see Spark’s full report on TSE:OBE stock, click here.

More about Obsidian Energy

Obsidian Energy Ltd. is a Canadian company operating in the energy sector, primarily focused on oil and natural gas production. The company is based in Calgary, Alberta, and engages in the exploration and development of energy resources.

Average Trading Volume: 339,011

Technical Sentiment Signal: Hold

Current Market Cap: C$541.2M

Learn more about OBE stock on TipRanks’ Stock Analysis page.