OBE Stock Summary and Trading Ideas (Obsidian Energy Ltd. Common Shares | AMEX:OBE)

Obsidian Energy Ltd is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development, and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Obsidian Energy Ltd. Common Shares trades on the AMEX stock market under the symbol OBE.

As of January 15, 2026, OBE stock price declined to $6.47 with 89,498 million shares trading.

OBE has a beta of 0.62, meaning it tends to be less sensitive to market movements. OBE has a correlation of 0.05 to the broad based SPY ETF.

OBE has a market cap of $434.24 million. This is considered a Small Cap stock.

In the last 3 years, OBE traded as high as $9.07 and as low as $3.88.

The top ETF exchange traded funds that OBE belongs to (by Net Assets): FCG, DISV, DFIS, DFAX, DFIC.

OBE has underperformed the market in the last year with a return of +8.0%, while SPY returned +20.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OBE shares. However, OBE has outperformed the market in the last 3 month and 2 week periods, returning +8.0% and +5.5%, while SPY returned +5.1% and +1.7%, respectively. This indicates OBE has been having a stronger performance recently.

OBE support price is $6.60 and resistance is $6.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OBE shares will trade within this expected range on the day.