Brief: Obsidian Energy Initiates Formal Strategic Alternatives Process

Obsidian Energy

10/09/2019 13:12

Sept 10 (Reuters) - Obsidian Energy Ltd  OBE.TO :
    * OBSIDIAN ENERGY INITIATES FORMAL STRATEGIC ALTERNATIVES
PROCESS
    * OBSIDIAN ENERGY LTD - STRATEGIC ALTERNATIVES MAY INCLUDE,
BUT
ARE NOT LIMITED TO, A CORPORATE SALE, MERGER OR OTHER BUSINESS
COMBINATION
    * OBSIDIAN ENERGY LTD - THE PROCESS IS INTENDED TO EVALUATE
COMPANY'S STRATEGIC OPTIONS AND ALTERNATIVES TO MAXIMIZE
SHAREHOLDER VALUE
    * OBSIDIAN ENERGY LTD - HIRED TUDOR, PICKERING, HOLT & CO.
AS
FINANCIAL ADVISOR IN CONNECTION WITH THIS REVIEW AND ANALYSIS OF
STRATEGIC ALTERNATIVES
    * OBSIDIAN ENERGY -  ALTERNATIVES MAY ALSO INCLUDE
DISPOSITION OF
ALL OR PORTION OF CO'S ASSETS, RECAPITALIZATION, REFINANCING OF
ITS CAPITAL STRUCTURE

Source text for Eikon:  ID:nCNWm8B31a 
Further company coverage:  OBE.TO 

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