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Obsidian Energy Launches Exchange Offer for Bonterra Energy to Create the "Cardium Champion"
Obsidian Energy Launches Exchange Offer for Bonterra Energy to Create the "Cardium Champi...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"Obsidian-BonterraEner\n \n \n \n Obsidian Energy Launches Exchange Offer for Bonterra Energy to Create the \"Cardium Champion\"\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n CALGARY, AB, Sept. 21, 2020\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Sept. 21, 2020\n \n /CNW/ - OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) (\"Obsidian Energy\", \"we\", or \"our\") today announced that we have formally commenced our offer (the \"Offer\") to purchase all of the issued and outstanding common shares (the \"Bonterra Shares\") of Bonterra Energy Corp. (TSX – BNE) (\"Bonterra\") for consideration consisting of two common shares of Obsidian Energy (the \"Obsidian Shares\") for each Bonterra Share tendered.\n \n \n \n \n \n \n \n \n \n \"We believe that our offer is a unique and compelling opportunity to create the \"Cardium Champion\", with a far superior future than Bonterra could achieve on a standalone basis,\" said\n \n Stephen Loukas\n \n , Interim President and Chief Executive Officer of Obsidian Energy. By combining our companies, shareholders of both companies will benefit from a lower cost structure, improved capital efficiency and an ability to generate s...