Obsidian Energy Regains Compliance with the New York Stock Exchange's Continued Listing Standard Regarding the Price of its C...
November 01 2017 - 11:25AM
PR Newswire (Canada)
CALGARY, Nov. 1, 2017 /CNW/ - OBSIDIAN ENERGY LTD. (TSX -
OBE; NYSE – OBE) ("Obsidian Energy", "we",
"us", "our" or the "Company") received
notification from the New York Stock Exchange (the "NYSE")
that we have regained compliance with the NYSE's continued listing
standard regarding the price of Obsidian Energy's 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.
Copyright 2017 Canada NewsWire
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