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Stock Weekly: Obsidian Energy (OBE:CAD1.90) rises for a sixth consecutive week, a six-week rise of 75.9%

Mar 12, 2021 - News Bites Canadian Markets
Board and Executive Moves-Financial Results


Obsidian Energy Ltd. (TSX:OBE), Canada's 40th largest Oil & gas - exploration & production company by market cap, has risen 1.0c (or 0.5%) on high volume to close at CAD1.90. The stock advanced for a sixth straight week on Friday bringing its a six-week rise to 82.0c or 75.9%. Compared with the S&P/TSX 60 Index which rose 95.1 points (or 9.3%) in the six weeks, this represented a relative price increase of 66.7%.

The price ranged between a low of CAD1.89...