Why These Energy Stocks Are Gaining This Week

4. Obsidian Energy Ltd. (NYSE:OBE)

Share Price Gains Between Feb. 14 – Feb. 24: 10.64%

Obsidian Energy Ltd. (NYSE:OBE) is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets producing over 39,000 boe per day. The company recently announced its Q4 2024 results in which it posted $432 million of funds flow from operations, representing a 14% increase over 2023. OBE’s average 2024 production also surged by 16% to 37,474 boed. The company also remained committed to its shareholders, repurchasing and canceling 6% of shares outstanding for $41.7 million in 2024.

Obsidian Energy Ltd. (NYSE:OBE) is also set to bolster its balance sheet with the sale of its operating assets in the Pembina oil field to Calgary-based InPlay Oil Corp. for approximately $224.77 million.