Finance & Investing | General News | Capital Markets | Continued Listing
Obsidian Energy Delisted from NYSE
Email
Print 
Bookmark
Obsidian Energy Ltd. received notice from the NYSE that it has not regained compliance with the NYSE's continued listing standard regarding share price.
As a result, its shares have been suspended from trading on the NYSE effective immediately.
Shares Moved to OTCQB Exchange
Obsidian Energy's shares will begin trading on the OTCQB under the symbol OBELF on April 2, 2020 and will remain trading on the Toronto Stock Exchange under the symbol OBE.
If our share price improves to average over US$0.25 per share for 30 consecutive days, Obsidian's stock will move to the OTCQX market. The move in listing from the NYSE to the OTCQB is expected to result in on-going cost savings of approximately $1 million per year at this time.
Related Categories :
Finance & Investing
More Finance & Investing News
-
Peak Resources Pumps the Brakes on IPO
-
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
-
Baytex Energy Corp. First Quarter 2023 Results
-
Silverbow Resources Board Adopts 'Poison Pill' Strategy
-
Bonterra Energy Second Quarter 2022 Results
Canada News >>>
-
Western Canada Upstream M&A: Q1 2026 Transaction Report
-
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan -
-
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
-
Whitecap Details 2026 Duvernay & Montney Program
-
ARC Resources: Lower 2026 Capex, Higher Volumes
