Obsidian Energy Announces Second Quarter 2018 Financial and Operational Results

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Obsidian Energy Ltd. (OBE) Misses Q2 EPS by 15c

August 2, 2018 7:10 AM EDT

Obsidian Energy Ltd. (NYSE: OBE) reported Q2 EPS of ($0.19), $0.15 worse than the analyst estimate of ($0.04).

David French, President and CEO commented, "The second quarter of 2018 was a relatively quiet one for development, as we took advantage of seasonal breakup to prepare for our second half drilling program. Obsidian Energy's team safely completed a major turnaround at our Company's biggest facility in Willesden Green on time and on budget, monitored the non-operated gas processing facility construction... More