13D Filing: FrontFour Capital Group and Penn West Petroleum Ltd. (PWE)

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Penn West Petroleum Ltd. (NYSE:PWE): Stephen Loukas, David A. Lorber, Zachary George’s FrontFour Capital Group filed an amended 13D.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
FRONTFOUR CAPITAL GROUP 210,000 210,000 27,310,746 27,310,746 5.4%
FRONTFOUR MASTER FUND, LTD 450,000 450,000 22,053,257 22,053,257 4.4%
FRONTFOUR OPPORTUNITY FUND 518,900 518,900 LESS THAN 1%
FRONTFOUR CAPITAL CORP 518,900 518,900 LESS THAN 1%
FRONTFOUR ENERGY FUND 588,000 588,000 LESS THAN 1%
FRONTFOUR ENERGY GP INC 588,000 588,000 LESS THAN 1%
STEPHEN LOUKAS 28,417,646 28,627,646 5.7%
DAVID A. LORBER 28,417,646 28,867,646 5.7%
ZACHARY GEORGE 28,417,646 28,417,646 5.6%

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Page 1 of 18 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 1)1

Obsidian Energy Ltd.

(Name
of Issuer)

Common Shares

(Title of Class of Securities)

674482 10 4

(CUSIP Number)

David
A. lorber

FRONTFOUR CAPITAL GROUP LLC
35 Mason Street, 4th Floor
Greenwich, Connecticut 06830
(203) 274-9050

STEVE
WOLOSKY, ESQ.

OLSHAN
FROME WOLOSKY LLP

1325
Avenue of the Americas

New
York, New York 10019

(212)
451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices
and Communications)

January 17, 2018

(Date of Event Which Requires
Filing of This Statement)

If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
box
¨.

Note:  Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See
§ 240.13d-7 for other parties to whom copies are to be sent.

1
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided
in a prior cover page.

The information required
on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).

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