Obsidian Energy Ltd. (TSX:OBE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 7,564,767 shares, representing 9.77% of its issued and outstanding common shares. The repurchased shares will be cancelled.

The bid is valid until February 28, 2025. As on February 15, 2024, the company had 77,405,038 common shares issued and outstanding.