Obsidian Energy Ltd (OBE) PT Lowered to C$1.50 at Barclays PLC

Obsidian Energy Ltd (TSE:OBE) had its target price cut by Barclays PLC from C$2.00 to C$1.50 in a report released on Monday.

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About Obsidian Energy

Obsidian Energy Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. It primarily holds interest in the Cardium Resource Play that covers an area of approximately 400 net sections of developed and undeveloped land located in west central Alberta; Peace River Resource Play covering an area of 235 net sections of developed and undeveloped land located in northwestern Alberta; and Viking Resource Play that covers an area of approximately 170 net sections of developed and undeveloped land located in north-central Alberta.

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