Oil and Gas Prices: Higher oil and gas prices typically lead to increased revenue and profitability for Obsidian Energy, positively impacting its stock price.

Production Levels: Increased production volumes can signal operational efficiency and growth, generally boosting investor confidence and the stock price.

Operating Costs: Lower operating costs improve profitability, making the company more attractive to investors and supporting a higher stock price.

Debt Levels: High debt levels can increase financial risk, potentially lowering the stock price. Debt reduction can have the opposite effect.

Reserve Estimates: Upward revisions of proved reserves indicate future production potential, often leading to a positive impact on the stock price.

Acquisitions and Divestitures: Acquisitions can expand operations and potentially increase value, while divestitures might streamline the business and improve financial health, both influencing the stock price.

Overall Market Conditions: Broad market trends, especially in the energy sector, influence investor sentiment and can affect the stock price.

Investor Sentiment: Positive news and analyst ratings can drive demand for the stock, while negative news can lead to selling pressure.

Interest Rates: Higher interest rates can increase borrowing costs, potentially impacting profitability and stock valuation.