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Obsidian Energy Ltd. (previously known as Penn West Exploration Ltd., Penn West Petroleum and Penn West Energy Trust) is a mid-sized Canadian oil and natural gas production company based in Calgary, Alberta. For a while [when?] [specify] it was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange.
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
Obsidian Energy (TSE:OBE) has had a great run on the share market with its stock up by a significant 82% over the last...
Two big stock splits are happening this month. Find out why one is a must-buy and the other is a potential pitfall. 1 Stock-Split Stock to Buy Hand Over Fist in June and 1 to Avoid
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
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