Obsidian Energy Ltd. (NYSE:OBE) was mentioned by Jim Cramer during the lightning round. Cramer expressed caution due to the downward trend in oil prices affecting smaller-cap energy companies like OBE. The company explores, develops, and produces oil and natural gas, with recent progress in its second-half 2025 program, including record output in Peace River.

On September 9, BMO Capital maintained an Outperform rating and a C$10 price target for Obsidian Energy Ltd. (NYSE:OBE). The company drilled 13 wells in its second half 2025 program, with early production exceeding expectations and setting record output in Peace River. Financial improvements included selling InPlay Oil shares, redeeming $30 million in debt, and finishing its share buyback plan, reducing year-end debt forecast to $213 million.

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Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer on Obsidian Energy: “I Can’t Recommend Them”