0001193125-26-058652
SEC filingObsidian Energy Ltd. (Ticker: OBE), a Canadian oil and gas exploration and production company, filed a Form 40-F with the SEC on February 19, 2026, for its fiscal year ended December 31, 2025. Form 40-F is an annual registration statement and report used by foreign private issuers listed on U.S. exchanges to satisfy SEC reporting requirements under the Exchange Act, incorporating by reference the company's Canadian annual information form, audited financial statements, management's discussion and analysis (MD&A), and other disclosures filed with Canadian securities regulators. This filing ensures compliance with U.S. disclosure obligations while leveraging home-country exemptions. The document likely includes comprehensive financial results for FY 2025, highlighting operational performance in core assets such as the Cardium and Viking formations in Alberta and Saskatchewan. Key elements typically encompass audited consolidated financial statements prepared under IFRS, reserves evaluations per NI 51-101 standards, risk factors, executive compensation, and corporate governance practices. Given the energy sector's volatility, the filing probably addresses production volumes, realized pricing, hedging strategies, debt levels, and capital expenditure plans amid fluctuating commodity prices and regulatory environments. No specific adverse events or material changes are detailed in the provided excerpt, suggesting standard annual reporting. Investors should review incorporated Canadian filings on SEDAR+ for granular details on reserves, future outlook, and sustainability initiatives. This filing maintains OBE's eligibility for U.S. trading on the NYSE American while providing transparency to American shareholders.