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

On May 15, 2026, Royal Bank of Canada (RBC) filed a Schedule 13G indicating a new substantial position 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% ownership stake in the company. This filing marks an increase from a previously reported 0% position, establishing RBC as a significant institutional shareholder. The shares are held with shared voting and shared dispositive power, attributed in part to its subsidiary, RBC Dominion Securities Inc. The filing was made under Rule 13d-1(b), identifying RBC as a parent holding company. According to the certification, these securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of Obsidian Energy Ltd. The transaction value is estimated at approximately $59.47 million based on the filing data.