Just What Is Obsidian Energy

Are you interested in the oil and gas industry? Do you reside in or near Western Canada? If you answered yes to either of the questions, then you're probably familiar with Obsidian Energy. For those who don't know anything about this company, then this article should give you a better understanding. Obsidian is one of the premier oiltgf and gas companies in the world, and it sits on very fertile grounds. The company generally produces an estimated 30,000 bbl per day. Obsidian Energy is Calgary's workhorse in a sense thanks to its efficient production of fossil fuels. The company just so happens to be located in Calgary, Alberta, but it…
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A Brief Look at the History of Obsidian Energy

Penn West Petroleum has announced that its shareholders have approved the name of the company to Obsidian Energy. The change will become effective immediately. Besides rebranding to Obsidian Energy, Penn West Petroleum will now trade as OBE on both New York Stock Exchange and Toronto Stock Exchange. Its stock symbol change will be effective in the next three to five business days. The shareholders won’t take any action in regard to this change.   Penn West Petroleum feels pleased to recognize its efforts to transform with a name change to Obsidian Energy. As the company starts a new chapter, it will be guided by three principles namely; discipline, relentless pursuit…
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