How did OBE's revenue and expenses shift in Q4 2024 compared to previous quarters?

Obsidian Energy (OBE) experienced notable shifts in both revenue and expenses in Q4 2024 compared to the previous quarter, Q3 2024, and the quarter before that, Q2 2024.

1. **Revenue Shifts**:
- **Q4 2024 vs. Q3 2024**: Obsidian Energy reported a significant increase in revenue for Q4 2024, with CA$197.8 million, up 9.8% from CA$181.9 million in Q3 2024. This rise was driven by higher production levels and improved commodity prices.
- **Q4 2024 vs. Q2 2024**: There is no direct comparison available for revenue between Q4 2024 and Q2 2024 from the provided data. However, considering the trend from Q3 to Q4, it can be inferred that the revenue increase from Q3 to Q4 was significant, which is consistent with the overall trend of increased production and pricing in the energy sector.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|OBE|OBE.A|Obsidian Energy|2024 Q1||1.21565731624E8|170|
|OBE|OBE.A|Obsidian Energy|2024 Q2||1.42209879462E8|170|
|OBE|OBE.A|Obsidian Energy|2024 Q3||1.46399231126E8|170|
|OBE|OBE.A|Obsidian Energy|2024 Q4|5.871110539618859|1.38333332448E8|170|

2. **Expense Shifts**:
- **Q4 2024 vs. Q3 2024**: There is no available data on Obsidian Energy's expenses in Q4 2024 and Q2 2024 for a direct comparison. However, the company's net income for Q4 2024 was reported as CA$33.2 million, with a profit margin of 17%, an increase from the previous quarter's net income of CA$24.8 million and profit margin of 14%. This suggests that while revenue increased, so did the net income, indicating better cost management or potentially lower operating expenses.
- **Overall Trend**: The company's focus on capital expenditures, which were reported at CA$85.5 million for Q3 2024, reflects a strategic investment in growth areas like the Peace River and Pembina developments. This investment is likely to have led to increased production and revenue in the subsequent quarter.

In summary, Obsidian Energy saw a substantial rise in revenue in Q4 2024 compared to the previous quarter, with improvements in both production and pricing contributing to this increase. While specific expense data for Q4 2024 versus Q2 2024 is not available, the overall trend shows effective cost management and strategic investments leading to enhanced financial performance.