Stock Weekly: Obsidian Energy (OBE:CAD1.40) jumps 8.5% - outperforming 90% of stocks
CANADIAN WEEKLY STOCK REPORT
Obsidian Energy Ltd. (TSX:OBE), Canada's 46th largest Oil & gas - exploration & production company by market cap, has climbed 11.0c (or 8.5%) in the past week to close at CAD1.40. The stock rose for a third week on Friday bringing its a three-week rise to 32.0c or 29.6%. Compared with the S&P/TSX 60 Index which fell 2.3 points (or 0.2%) in the week, this represented a relative price increase of 8.7%.
In the Canadian market of 1,716 stocks and 58 units tr...