Royal Bank of Canada Boosts Stake in Obsidian Energy Ltd by Over 30%

Royal Bank of Canada significantly increased its stake in Obsidian Energy Ltd (NYSEAMERICAN:OBE) by 31.4% in the first quarter, according to a recent SEC filing.

The bank acquired an additional 1,061,819 shares during the period, bringing its total holdings to 4,444,416 shares of the oil and gas company's stock.

This increased stake now accounts for approximately 6.67% of Obsidian Energy Ltd's outstanding shares, valued at $42,089,000 as of the most recent reporting period.