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Obsidian Energy shares rise as acquisition and higher guidance boost optimism

Obsidian Energy logoObsidian Energy
Sig2.95Sen+5.85Env-2.15Soc0.00Gov0.00

Obsidian Energy shares rose 8.37% as investor sentiment improved on supportive operations. The company reported solid production from its Alberta portfolio and completed its Belly River light-oil acquisition, strengthening the Willesden Green platform and expanding drilling inventory. Management increased development investment, raised production guidance, and bolstered liquidity through expanded credit and additional senior-note financing, aided by a firmer commodity backdrop.

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