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Obsidian Energy Reduces Its Debt Through Its Pembina Asset Sale

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities, along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Obsidian Energy (NYSE: OBE ) received a fair price for its sale of operated Pembina assets to InPlay Oil for CAD 320 million ($229 million). Over 65% of the deal price was in cash, and this allowed Obsidian to nearl ...