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Stocks in play: Obsidian Energy Ltd.

Baystreet.ca
·1 min read

Reported strong operating and financial results for the full year 2023. Net income in 2023 was $108.0 million ($1.33 per share basic) due to our strong operational results, which helped offset the impact of lower commodity prices compared to the prior year. In 2022, net income of $810.1 million ($9.88 per basic share) benefited from an asset impairment reversal (due to our significantly higher reserve value and higher commodity prices in the year) and the recognition of our substantial tax pool position through a deferred income tax asset. Obsidian Energy Ltd. shares T.OBE are trading up $0.25 at $9.65.

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