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Obsidian Energy ( (TSE:OBE) ) has issued an update.
Obsidian Energy has announced its capital program and guidance for the second half of 2025, highlighting a strategic shift in response to market conditions and the recent sale of its Pembina asset. The company plans to invest $110 to $120 million in capital expenditures, with infrastructure projects underway to support future growth. Obsidian aims to maintain stable production levels while preparing for potential expansion in 2026. Additionally, the company intends to initiate a Canadian exchange offer to acquire its common shares for those of InPlay Oil Corp., aiming to optimize its shareholding and enhance shareholder value.
The most recent analyst rating on (TSE:OBE) stock is a Buy with a C$12.00 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. operates in the oil and gas industry, focusing on the exploration and production of oil and natural gas. The company is engaged in developing its assets primarily in the Peace River, Willesden Green, and other key fields, aiming to enhance production and market presence.
Average Trading Volume: 436,895
Technical Sentiment Signal: Hold
Current Market Cap: C$564.1M
For detailed information about OBE stock, go to TipRanks’ Stock Analysis page.