Obsidian Energy Ltd. (TSX / NYSE American: OBE) is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing over 32,000 boe per day.
Formerly Penn West Petroleum Ltd., Obsidian Energy is a company based on discipline, relentless passion for the work, and resolute accountability to shareholders, partners, and the communities in which it operates. On June 26th, 2017, the company formally changed its name to Obsidian Energy Ltd. from Penn West Petroleum Ltd. As Penn West, the company underwent significant changes throughout the organization that led to the redefinition of the company and its future growth.
Obsidian Energy has reemerged stronger, leaner, and more capable than ever, prepared to succeed in an industry that is evolving constantly.
Founded in 1979 and headquartered in Canada, the company's strategic assets and organization provide the right platform to deliver bottom-line results with an entrepreneurial spirit. With a focus on bottom-line results, Obsidian Energy has the potential to thrive in the energy and oil and gas industries. Although there is no recent investment information available, the company's foundation, rebranding, and future outlook position it as a noteworthy potential investment opportunity.
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