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BRIEF-Obsidian Energy Qtrly FFO Per Share $0.05

Published 2018-11-08, 06:46 a/m
Updated 2018-11-08, 06:51 a/m
© Reuters.  BRIEF-Obsidian Energy Qtrly FFO Per Share $0.05

Nov 8 (Reuters) - Obsidian Energy Ltd OBE.TO :

* OBSIDIAN ENERGY ANNOUNCES THIRD QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS

* OBSIDIAN ENERGY LTD - EXPECT FULL YEAR 2018 PRODUCTION TO BE SLIGHTLY BELOW OUR GUIDANCE RANGE

* OBSIDIAN ENERGY LTD - EXPECT A "CHALLENGING" Q4

* OBSIDIAN ENERGY LTD - Q3 PRODUCTION AVERAGED 27,777 BOE PER DAY, A DECREASE OF THREE PERCENT RELATIVE TO Q2 2018

* OBSIDIAN ENERGY - SHUT-IN OF SELECT LEGACY DRY GAS PRODUCING PROPERTIES TO POSITIVELY AFFECT CASH FLOWS, OPERATING COSTS, & CORPORATE UNIT OPERATING COSTS

* OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION WILL REDUCE COMPANY'S PRODUCTION BY APPROXIMATELY 1,300 BOE PER DAY

* OBSIDIAN ENERGY LTD - SHUT-IN OF LEGACY PRODUCTION TO INCREASE CASH FLOW BY ABOUT $4 MILLION && REDUCE UNIT OPERATING COSTS BY ABOUT $0.40 PER BOE

* OBSIDIAN ENERGY LTD - EXPECTS LIQUIDS WEIGHTING TO RISE ABOUT TWO PERCENT AND PRODUCING NETBACKS TO IMPROVE BY ABOUT $1.00 PER BOE

* OBSIDIAN ENERGY LTD SEES 2018 PRODUCTION OF 28,500 BOE PER DAY TO 29,000 BOE PER DAY

* OBSIDIAN ENERGY LTD QTRLY FFO PER SHARE $0.05

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