12:30 PM EST - Obsidian Energy Ltd. : Announced its 2019 outlook. The company claims to have poured a conservative 2019 capital program of approximately $120 million, split roughly 55% / 45% between the front half and back half of the year respectively; and should we see pricing improvement toward the second half of the year, it designed its second-half program to allow for an increase of $40 million of capital spend through adding two additional rigs to the Cardium program, which would bring its 2019 Total Capital spend to approximately $160 million. Obsidian Energy Ltd.
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