![Stephen Loukas](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Stephen Loukas
Chief Executive Officer at
OBSIDIAN ENERGY LTD.
Net worth: 20 M $ as of 2026-05-30
Profile
Stephen Elias Loukas is the founder of FrontFour Capital Group LLC, founded in 2006, where the title held is Partner & Portfolio Manager.
Current jobs include President, Chief Executive Officer & Director at Obsidian Energy Ltd. since 2019; President & Director at FrontFour Iris A, Inc.; and Independent Trustee at Cominar Real Estate Investment Trust since 2022.
Former jobs include Director & Portfolio Manager at Credit Suisse Securities (Canada), Inc; Independent Director at Xinergy Ltd. from 2012 to 2013; Director at InPlay Oil Corp.; Analyst at Pirate Capital LLC; Associate at Scotia Capital, Inc. from 2000 to 2004; and Analyst at Zolfo Cooper LLC in 1999.
Education includes an undergraduate degree from New York University, conferred in 1999.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
OBSIDIAN ENERGY LTD 2.67% | 2026-05-13 | 1,794,611 ( 2.67% ) | 20 M $ | 2026-05-30 |
Stephen Loukas active positions
| Companies | Position | Start |
|---|---|---|
| OBSIDIAN ENERGY LTD. | Chief Executive Officer | 2019-12-04 |
| COMINAR REAL ESTATE INVESTMENT TRUST | Director/Board Member | 2022-02-28 |
FrontFour Capital Group LLC
 FrontFour Capital Group LLC Investment ManagersFinance FrontFour Capital invests with a focus on value event driven opportunities in North America. The firm makes investment decisions based on a diligent, fundamentally driven, intensive research process in order to profit from opportunities where there are specific catalysts or events that can unlock value. Their investment process aims to identify the most attractive value across the capital structure and then employ specific trading strategies intended to maximize profits and generate superior risk adjusted returns over a cycle. FrontFour Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors. | Founder | 2006-11-30 |
FrontFour Iris A, Inc. | President | - |
Former positions of Stephen Loukas
| Companies | Position | End |
|---|---|---|
| XINERGY LTD. | Director/Board Member | 2013-11-03 |
Scotia Capital, Inc.
 Scotia Capital, Inc. Investment ManagersFinance Provides investment advisory, securities trading, financial planning and related services | Analyst-Equity | - |
Zolfo Cooper LLC
 Zolfo Cooper LLC Miscellaneous Commercial ServicesCommercial Services Provides consulting services to distressed companies | Analyst-Equity | 1999-12-30 |
| INPLAY OIL CORP. | Director/Board Member | - |
Credit Suisse Securities (Canada), Inc
 Credit Suisse Securities (Canada), Inc Investment Banks/BrokersFinance Provides brokerage services | Director/Board Member | - |
Training of Stephen Loukas
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
93
1st degree connections
11
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 11 |
|---|---|
Cominar Real Estate Investment Trust
 Cominar Real Estate Investment Trust Real Estate Investment TrustsFinance Acts as a Real Estate Investment Trust/REIT | Finance |
Obsidian Energy Ltd.
 Obsidian Energy Ltd. Oil & Gas ProductionEnergy Minerals Explores and produces oil and natural gas | Energy Minerals |
Pirate Capital LLC
 Pirate Capital LLC Financial ConglomeratesFinance Pirate Capital invests in the US public equity. They typically invest in the value stocks of companies. The firm utilizes a fundamental approach for stock selection. Pirate Capital employs an event driven, activist, long/short equity and opportunistic investment strategy. The firm typically invests in companies that are underperforming, under valued, distressed and agitating for management action, such as asset sales and share buybacks. | Finance |
Scotia Capital, Inc.
Scotia Capital, Inc. Investment ManagersFinance Provides investment advisory, securities trading, financial planning and related services | Finance |
Credit Suisse Securities (Canada), Inc
Credit Suisse Securities (Canada), Inc Investment Banks/BrokersFinance Provides brokerage services | Finance |
Zolfo Cooper LLC
Zolfo Cooper LLC Miscellaneous Commercial ServicesCommercial Services Provides consulting services to distressed companies | Commercial Services |
New York University
 New York University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
FrontFour Capital Group LLC
FrontFour Capital Group LLC Investment ManagersFinance FrontFour Capital invests with a focus on value event driven opportunities in North America. The firm makes investment decisions based on a diligent, fundamentally driven, intensive research process in order to profit from opportunities where there are specific catalysts or events that can unlock value. Their investment process aims to identify the most attractive value across the capital structure and then employ specific trading strategies intended to maximize profits and generate superior risk adjusted returns over a cycle. FrontFour Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors. | Finance |
Xinergy Ltd.
 Xinergy Ltd. CoalEnergy Minerals Operates as a mineral exploration company | Energy Minerals |
InPlay Oil Corp.
 InPlay Oil Corp. Integrated OilEnergy Minerals Engages in exploration of oil and natural gas | Energy Minerals |
FrontFour Iris A, Inc. |
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