Obsidian Energy Exceeds All Expectations In 2017

Located in Calgary, Obsidian Energy is a well-known oil and gas company in Canada. The main production area for Obsidian oil and gas are; Alberta Viking, Peace Fields and Pembina Cardium.

 

Obsidian Energy takes pride in assisting individuals in the evaluation of oil and gas investments. With over twenty-five years of technical experience, they have the ability to evaluate oil and gas properties to determine the risk and reward. They also work with institutional investors; helping them expand their portfolio and profitability. They are considered experts at the evaluation of oil and natural gas assets.

 

FrontFour Capital, based out of Greenwich Connecticut is quite impressed with Obsidian Energy. They have a significant investment in Obsidian Energy. By accumulating over twenty-seven million shares, the hedge fund investment company increased its stake in Obsidian by 5.5 percent. FrontFour Capital completed the paper work with the Securities and Exchange commission, which is required when any individual or corporation owns more than five percent of a publicly traded company.

 

Obsidian Energy continues on track for financial success. The strong momentum through 2017, allows Obsidian to continue to meet their goals for oil and natural gas production. The third quarter of 2017 ended with a sold future and strong financial gains for Obsidian Energy.

 

The first exploration into the Western Canadian Basin produced results that well exceeded expectations. The Western Canadian Basin area has three wells. Further development of this area is anticipated in 2018. Adding to the financial success are the production areas located in Peace River, Alberta Viking and Cardium. Under new management and utilizing an advanced well delivery system, Obsidian continue to exceed production expectations

 

Obsidian predicts their oil and natural gas business to increase by five percent in 2018. With exceptional management and flexibility with their operations team, it is quite possible they may exceed the anticipated growth rate of five percent. Refer to This Article for more information about the company.

 

Visit: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy

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