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Cardium-Focused Obsidian Energy Exploring Strategic Alternatives
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Obsidian Energy has initiated a formal process to explore strategic alternatives.
The company has hired Tudor, Pickering, Holt & Co. as its financial advisor in connection with this review and analysis of strategic alternatives.
Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, a disposition of all or a portion of the Company's assets, a recapitalization, refinancing of its capital structure, or any combination of the foregoing.
Assets:
Obsidian's portfolio is focused on the Cardium and Deep Basin:
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