Obsidian Energy Regains Compliance with the New York Stock Exchange’s Continued Listing Standard Regarding the Price of its Common Stock

The company had received notification regarding the price deficiency on September 14, 2017. The NYSE requires that the average closing price of a listed company’s common stock be no less than US$1.00 per share over a consecutive 30 trading day period and close above US$1.00 per share on the last trading day of the month to regain compliance. The Company has been notified by the NYSE that is has cured the price condition and regained compliance with all NYSE continued listing requirements as of October 31, 2017.  

Obsidian Energy shares are listed on the Toronto Stock Exchange and on the New York Stock Exchange under the symbol “OBE”.

SOURCE Obsidian Energy Ltd.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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