NYSEARCA:OBE - NYSE Arca - CA6744822033 - Common Stock - Currency: USD
We recently published a list of Energy Stocks that are Losing This Week. In this article, we are going to take a look at where Obsidian Energy Ltd. (NYSEAMERICAN:OBE) stands against other energy stocks that are declining this week. After a slight uptick, the global crude oil price fell again over the last week, declining by […]
As previously reported, Raymond James downgraded Obsidian Energy (OBE) to Market Perform from Strong Buy with a price target of C$10, down from C$14, citing reduced estimates alongside a trimming of its capital spending assumptions. The firm believes oil-weighted equities broadly will remain under pressure in the context of the current macro environment and says that its new oil outlook suggests management will likely have to trim development capital below current Street expectations. Published
If it sounds too good to be true, it probably is. However, in Oregon, 0% loans are a reality. The governor's office recently announced that the state is issuing loans without interest for developers to build middle-income housing. The incentive, ...
The energy firm said the sale would help lower its net operating costs by about C$2.20 per barrel of oil equivalent.