Royal Bank of Canada Reports New 6.55% Stake in Obsidian Energy Ltd

On May 15, 2026, Royal Bank of Canada (RBC) filed a Schedule 13G disclosing a new ownership stake in Obsidian Energy Ltd (OBE). As of the event date of March 31, 2026, RBC reported beneficial ownership of 4,415,055 shares of Common Stock, representing a 6.55% interest in the company. This filing marks an increase from a previously reported 0% position, establishing RBC as a significant shareholder. The shares are held with shared voting and shared dispositive power. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The reporting person is a Canadian parent holding company, with RBC Dominion Securities Inc. identified as a relevant subsidiary involved in the holding. The total value of the position is estimated at approximately $59.47 million based on recent market data.