Shailender Randhawa's questions to OBSIDIAN ENERGY (OBE) leadership • Q2 2018
Question
Shailender Randhawa of RBC Capital Markets inquired about the status of potential asset sales, specifically regarding the Peace River and Viking assets, and asked about the planned use of any proceeds for the remainder of the year.
Answer
President, CEO & Director David Lawrence French explained that discussions with their partner regarding the Peace River asset are ongoing. He noted that while the Viking program went well, they did not accept an offer and are still evaluating options for the asset. Regarding proceeds, French stated the primary focus would be on debt reduction, followed by potential share buybacks or reinvestment in drilling, depending on market conditions.