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CS - Obsidian launches review after nixed Highwood deal - September 2019

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Obsidian Energy Ltd. formally launched a strategic review Sept. 10, with the E&P firm saying the process will allow for consideration of consolidation within the Cardium play in Alberta, where it is the largest producer with 20,289 boe/d in Q2 and the largest acreage holder with 311,680 net acres (487 net sections). The company said that if such consolidation is possible, it may allow for the creation of additional scale, efficiency and financial strength.......
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