Stocks in play: Obsidian Energy Ltd.
Announced our 2024 capital and operating program and financial guidance which outlines our activity for the first year of our three-year corporate growth plan, building on our success in 2023. Capital program with 78 operated wells expected to generate 12 percent annual production growth over 2023; ~$350 million capital program is ~$30 million lower from previous forecast at midpoint; Development plan weighted towards Peace River, expanding on our Bluesky and Clearwater success from 2023. Obsidian Energy Ltd. shares T.OBE are trading up $0.10 at $9.03.
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