Business
Obsidian Energy Announces Increased 2021 Production and Capital Expenditure Guidance with Second Quarter 2021 Results
  Successful completion of first half and an early start to the second half 2021 drill...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"Obsidian Energy Announces Increased 2021 Production and Capital Expenditure Guidance with Second Quarter 2021 Results Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operationsCalgary, Alberta--(Newsfile Corp. - July 29, 2021) - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (\"Obsidian Energy\", the \"Company\", \"we\", \"us\" or \"our\") is pleased to report strong operating and financial results for the second quarter 2021.Three Months Ended June 30Six Months Ended June 302021202020212020 FINANCIAL       (millions, except per share amounts)                 Cash flow from operations42.22.170.333.5      Basic per share ($/share)0.570.030.950.46      Diluted per share ($/share)0.550.030.930.46Funds flow from operations142.324.778.661.0      Basic per share ($/share)10.570.341.060.84      Diluted per share ($/share)10.550.341.040.84Net income (loss)322.5(21.1)345.7(768.7)      Basic per share ($/share)4.33(0.29)4.67(10.53)      Diluted per share ($/share)4.23(0.29)4.57(10.53)Capital expenditures 21.50.451.041.0Decommissioning expenditures0.50.23.88.2Net debt1435.7495.7435.7495.7        OPERATIONS    Daily Production          Light oil (bbl/d)10,83612,80010,42712,656      Heavy oil (bbl/d)2,6601,9662,7232,805      NGL (bbl/d)2,1622,2782,1082,258      Natural gas (mmcf/d)54535253Total production2 (boe/d) 24,65125,87223,94226,482                 Average sales price3          Light oil ($/bbl)76.9729.2072.3739.78      Heavy oil ($/bbl)48.585.9844.4615.13      NGL ($/bbl)39.3111.6538.7717.04      Natural gas ($/mcf)3.212.143.212.17                  Netback1 ($/boe)           Sales price 49.5620.3046.9826.37      Risk manageme...