Obsidian Energy Reports Best Oil Quality Produced in Key Area Peace River - Stock Breaks Out to Multi-Year High!

Obsidian Energy, with a market capitalization of $800 million, is a Canadian exploration company focused on the development and production of oil and gas in Western Canada. On April 13, the company presented a very strong operational update for the first quarter. In addition to robust production results, it was announced that the company plans to put three more production wells into operation by mid-April. This, along with the fact of the increased oil price, is expected to be catalysts for enhanced profit growth in the coming quarters. Obsidian...