We can write a whole lot of articles, features and executive profiles of the people that make the operations of Obsidian Energy possible, but we already have enough of that. What you probably need to read right now is the news that has been happening to the company ever since it started its operations.
The Common Share Consolidation Plan
It can be reviewed in the official website of Obsidian Energy that the 2017 Financial and Operational Results of Obsidian can already be publicly read and assessed for anyone’s portfolio and asset management. The company is pleased to announce these records and is proud that they’re able not just achieve such results, but also offer an outstanding level of achievement that would not have been possible without the concerted efforts of their staff, upper management and supporters.
The reports are dated March 6, 2018, and it contains all the audited financial information that would be relevant for any investor who wishes to be part of Obsidian’s growth. The report also revealed that despite the challenging environment under which Obsidian operates, it still has been successful in upending and underpinning all the needed issues that would be able to help recover the shallow decline cash flows that the business experiences.
It is also in this official record that it can be analyzed how high the growth of Obsidian’s production in terms of Boe per day calculations. Their solid execution must have been the only driving factor to make this otherwise prediction into a tangible reality. There’s also a consistent production delivery reported by the company, providing an operational momentum that would have been impossible if it weren’t for such a high-performing workforce that Obsidian employs right now.
The Future of Obsidian
Obsidian Energy has been a leading Canadian oil and gas production company for quite some time now. The challenge of the company is to adapt to the future needs and demands of the energy business. It has to be able to address the concerns needed to operate economically and responsively. It also has to address some of the risks, tragedies, and challenges that one has to consider when one wants to be still operating in the energy industry after all the new changes today. The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto Stock Exchange and was also a Canadian Royalty Trust (CANROY).
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