Obsidian Energy Announces 2024 Operations Update and Commencement of 2025 Drilling Program
Production and Growth Expectations: Obsidian Energy reported an estimated average production of approximately 37,450 boe/d for 2024, exceeding guidance and representing a 16% increase from 2023. The company is well-positioned to achieve a target of 50,000 boe/d by 2026, following successful drilling results in new areas.
Operational Updates and Management Changes: The company completed its 2024 capital program with all wells rig released as scheduled, while also announcing the appointment of Jay McGilvary as Vice President of Development to lead subsurface characterization and drilling operations moving forward.
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Jim Cramer Labels Fortinet as the 'Most Vulnerable' Cybersecurity Stock, Preferring These Two Alternatives
Expert Recommendations: Jim Cramer advises against investing in Fortinet, recommending Palo Alto Networks and CrowdStrike instead, while Morgan Stanley downgraded Fortinet's stock. He also suggests buying Dell Technologies over Super Micro Computer due to ongoing accounting issues.
Market Performance: Fortinet shares rose slightly, while Super Micro Computer shares fell. Marvell Technology reported earnings that beat estimates but missed revenue expectations, leading to a 4.2% increase in its stock price.

Back-to-Back Catalysts Line Up for U.S. Oil and Gas Producers as Domestic Output Tightens
U.S. Crude Inventory Decline: U.S. crude inventories have decreased by 3.9 million barrels, despite government efforts to rebuild stockpiles, while domestic energy companies like Prairie Operating Co. are strategically expanding their operations in response to rising AI-driven energy demands.
Industry Developments: Companies such as Ring Energy and Amplify Energy are making strategic moves to enhance operational efficiency and reduce debt, while Matador Resources has expanded its gas processing capacity, indicating a trend of growth and adaptation within the energy sector.









