Obsidian Energy – Q3 Financial Recap: Production & Funds Flow Growth, Stable Operating Costs, A Focus On Growth From The Peace River Asset
Peter Scott, Senior Vice President and CFO of Obsidian Energy (NYSE:OBE – TSX:OBE) joins us to recap the Company’s Q3 financial results and growth initiatives.
The Company’s strong Q3 performance saw a 34% increase in funds flow from operations year-over-year driven largely by the Peace River area. We discuss key production figures, including an average of 39,700 BOEs/day, with September averaging over 40,000 BOE/d. Peter shares insights into the company’s growth focus in the Peace River area and the different formations leading the growth, upcoming drilling plans, and balancing debt reduction with capital returns to shareholders through share buybacks and dividends. Additionally, we discuss market sensitivities and potential impacts of fluctuating oil prices on future operations.
If you have any follow up questions or want any additional information on Obsidian Energy please email me at Fleck@kereport.com.
Click here to visit the Obsidian Energy website.
Epstein Research has an article on Troilus Gold they have a substantial copper component. Avery low AISC at $1,156 per ounce. DT This stock in my opinion is very undervalued. As always DYODD! DT
https://epsteinresearch.com/2024/11/13/troilus-gold-shocks-naysayers-with-loi-for-up-to-us500m/
I bought some TSX-TLG Troilus Gold today, they have a proven resource of 16,821,608 ounces of Au in Val D’Or, Quebec. It is one of the largest gold reserves in The World selling for 26.5 cents CDN. Today Troilus received a US $500 million LOI-Letter of Intent as an untied loan guarantee from The German Federal Ministry for economic affairs. Their CEO stated that they are waiting on possibly two more loan offers to come in. DT
https://money.tmx.com/quote/TLG/news/7333602250200586/Troilus_Receives_US500_Million_LOI_from_the_German_Federal_Ministry_for_Economic_Affairs_and_Climate_Action