09:45 AM EST - Obsidian Energy Ltd. : An update on our 2022 second-half development program, our 2023 guidance, and the release of our inaugural environment, social and governance report for 2021. We are committed to delivering a budget that balances production growth and free cash flow generation for 2023. Given the considerable optionality of our asset base coupled with results from drilling programs that are still in progress from our active 2022 capital program, and the recent volatility in both oil prices and heavy oil differentials, we are deferring the release of our 2023 capital budget and associated guidance until January 2023 to allow more time to refine and optimize our operating plans.
Obsidian Energy Ltd.
shares T.OBE are trading down $0.25 at $9.33.
