The Growth of Obsidian Energy

Obsidian energy is a midsized company that deals with the production of oil and natural resources. It was formerly known as Penn West Exploration Limited before it was renamed obsidian energy limited following a resolution by shareholders to effect the change with a support of 92 percent on 26th 2017. The name originates from a naturally occurring volcanic glass. It will come with symbol change, which will be replaced by ‘OBE’ on the stock exchange markets.

 

The company’s headquarters is located in Albert, Calgary, which is in one of the largest petroleum reserves in the world. It has undergone significant restructuring following operational and financial changes over the past few years such as accounting irregularities. Besides, Obsidian Energy, according to its chief executive officer, is to be guided by three principles;

  • Disciplined commercial and technical decision making to protect the enterprise value
  • Transparent and accountable efforts with partners, shareholders and the community in which they operate
  • Steady pursuit of progress and innovation

 

Obsidian Energy’s oil and natural production company currently have about 300 employees led by David L. French who is the company’s chief executive officer since October. The daily production is about 28, 000 barrels of oil from the previous 135,000. The company has narrowed its production areas from about 30 to four with the aim of increasing its profitability. Obsidian Energy has also managed to reduce its net debt from $3 billion in 2013 to 384 million this year. Obsidian Energy undertook several measures such as selling off assets to manage this debt reduction resulting at the end of the lawsuits and scandals that had characterized the company. It announced $8.5 million reimbursement with the Securities and Exchange Commission in the US. Obsidian Energy also suspended the payment of dividend to the shareholders and also cut down the compensation for the board of directors. Obsidian Energy is expected to perform better if the third quarter results and 2018 budget is anything to be put into consideration. The chief executive officer, David French, promised a bright future of the company during an interview with the Toronto stock exchange noting that the future of Obsidian is bright.

 

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Obsidian Energy Success Journey

Formerly known as Penn West Petroleum Limited, the company redefined by formally changing to Obsidian Energy Limited in 2017.Obsidian Energy is an oil and gas producer with a tremendous portfolio of quality assets. Obsidian’s Oil and gas fields are situated in Alberta, an area globally known for its large petroleum reserves. The product is extracted from Pembina Cardium, Peace River oil sands, and Alberta Viking.

 

The company has a higher commitment towards ensuring minimum impacts of its operations to the environment. Obsidian Energy has a program which focuses on going past environmental regulations adhering to necessary site reclamation and abandonment Obsidian Energy’s sole mission towards the environment is to carry out its activities peacefully and responsibly emphasizing to the employees to address concerns from the area with diligence.

 

The company has the commitment to uphold the safety of its employees and contractors. This is made possible by instilling safety principles including safety policies and procedures, compliance with those policies and procedures and many others. Towards its commitment to safety, Obsidian Energy has an emergency response plan to counter any emergency related to its operations. The emergency plan also undertakes community awareness to enlighten the community how to respond in case of an emergency. Click Here For Related Article.

 

In the Alberta Viking, Obsidian Energy possesses a leading and ownership of the whole Esther area. The area has a combination of light-oil and gas plus shorter cycle wells to complement activities in Cardium. The Cardium is the pioneer of the foundation with high light oil production. Waterfloods increase the production and recovery rates in the Cardium. Peace River is a joint between Obsidian and China Investment Corporation. The venture has massive production of the precious commodity.

 

Mr. David L. French is the president and Chief Executive Officer of Obsidian Energy. He had previously served as the president of the Bankers Petroleum Association with its operations in Europe. Mr. French had led the tasks and growth of the business during the time he had served. Also, on the list of his management team includes David Hendry who is the Chief Financial Officer and many others.

 

See: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

Josh Smith: Eco-Socio-Capitalism for a Better World

A serial entrepreneur with seventeen plus years experience, Josh Smith, a resident of Reno, Nevada is dedicated to providing lasting social change through his multitude of unique business advancements. Renowned for his sense of world community outlook, and knowledge of the market, Smith is the founder and creator of several companies utilizing cutting edge technology to bring stabilization and structure to society’s safety at large. A leader with a focused vision of the future he and his companies aim to provide the world, Josh Smith’s mastery of direct route marketing has lead to some of his biggest achievements in his own brand of eco-socio-capitalism. Surrounding himself with the right people for assistance, and a level headed business philosophy has propelled Joshua in his variety of enterprises.
Smith has a deep interest in organic and home gardening. Partnering this passion with his drive to give back, Josh is the founder of a non-profit organization committed to bringing greenhouses and gardens to schools in America. His love of gardening has also deeply influenced Smith’s latest project as co-inventor and designer of the modular hinge greenhouse, which allows gardeners to grow their veggies and fruits almost anywhere. After working through a variety of stipulations for his own background greenhouse, at his Reno residence, Josh decided to make an easier setup for aspiring green thumbs no matter where they call home. The modular hinge greenhouse allows for setup anywhere, including backyards, patios, and even living rooms.

In a recent interview, Josh Smith spoke on his entrepreneurship, saying when he identifies a problem, he works to fix it. Being a serial entrepreneur, Smith says he has a variety of ideas, and that when deciding between them he chooses ones that he knows will be able to better the majority of lives. Joshua says his way of working is more holistic in nature than most business men as he works first on bettering society and the world. With a dedication to providing people with the opportunity to use technology to better our lives, this young Reno based Entrepreneur is an incredible asset to the new wave of unique socially conscious capitalists.

Get Your Volcanic Water on with Waiakea Water

Waiakea Hawaiian Volcanic Water will start to use degradable water bottles for their packaging within the next year. This will decrease the bottles waste by 98%, and it is 100% recyclable. The former water bottle has a life span of 1,500 years, and the new one will only have 15 years. Which is a huge improvement. Ryan Emmons, who is the founder and CEO of Waiakea, realized that plastic can be both strong, yet weak. Making it able to be sturdy, yet have the ability to be broken down. They have figured out how to take the usual chemical bonds that are needed to create a water bottle and substitute them with less complicated links. It took over five years to create this new water bottle that has a shorter degradable life. The cost for these bottles are negotiable. this is due to the cost of the additive that makes the water bottle degrade, and when it is added.

Waiakea started back 2012. This was when Ryan Emmons was only 22 years old. Now the company has grown 4000% since then. The company is estimated to be worth 10 million dollars. Waiakea offers one of the purest waters available today, and has many minerals in it. It is also very beneficial for your hair, nails and skin. It helps balance out the fluids that are in your body. Emmons also donates 650mls of clean water for every bottle that he sells, to the charity PumpAid. So far, over 500 million liters of water has been donated to rural parts of Africa. This makes it so about 1.35 million people have been given access to fresh water now. They have also installed over 3,500 elephant pumps that they have installed thanks to the PumpAid. The cost for this water is relatively reasonable. 1.79 for a half liter and 2.79 for a full liter. Waiakea in 2017 has earned the title as the number 1 Top Volcanic Bottled Water.

What to Know About Basis, the First Product from Elysium Health

Basis is a combination of two central, active ingredients that helps its consumers live healthy lives for longer than if they didn’t add the supplement to one’s daily regimen. The supplement is unlike many others, as it successfully passed a self-funded clinical trial without any incident. As its owners and affiliates expected, Basis improved the serum concentrations of NAD+–a compound discussed later in this article–effectively facilitating the optimal cellular health and bodily functions of the people who consumed it.

What organization produces Basis?

Elysium Health formed Basis in 2015, the year after it was founded. Two astute businessmen and one scientist–Dr. Leonard Guarente–came together with the idea for Elysium Health after a brainstorming session in 2014.

Elysium Health, a company competing in the field of health science known for its innovation in creating supplements, is lucky to have Dr. Leonard Guarente on its team, as he is the Director of MIT’s – that’s the Massachusetts Institute of Technology – Glenn Laboratory for the Science of Aging. As such, Dr. Guarente has spent countless hours working with the compounds included within Basis, allowing Elysium Health to rapidly bust down barriers in the supplement industry.

What is the supplement Basis crafted out of?

Jars of Basis include 60 capsules, which are sourced entirely from vegetables and plant matter, rather than animal matter that is unhealthier for its users than plant-based capsules, not to mention the fact that it doesn’t conflict with virtually any modern diets.

Basis has two primary ingredients, known as pterostilbene and nicotinamide riboside. Pterostilbene, a sirtuin protein activator, does not work without nicotinamide adenine dinucleotide–longhand for NAD+–in its immediate presence. It is a protein that is used in countless cellular functions, similar to NAD+ in the sense it’s also used in so many functions necessary for cellular health.

Nicotinamide riboside, once consumed, creates NAD+, or nicotinamide adenine dinucleotide. NAD+ has two electrons that can be given away to other molecules, making it an effective fuel for hundreds of cellular transactions and functions.

How can supplement consumers know they can trust Basis?

It’s true that a majority of supplements on the market – not just in the United States, but around the entire globe – have not been proven to work. Believe it or not, many supplements are marketed with unsubstantiated claims.

Basis is different from these supplements, because Elysium Health paid for a clinical trial that determined it was – and still is – safe to consume, effectively raised the levels of NAD+ in the blood of people who took Basis for at least four weeks consecutively, at the dosage of two capsules per day.

Louis Chenevert: A Man of Tall Accomplishments

In the article, Louis Chenevert is described as a man who accomplished many things. Even when his career was just beginning Louis was making a name for himself. First, at General Motors and then at Pratt & Whitney Canada. His career only went up from there. The article goes into detail about the worth that Louis brought to the businesses that he was a part of.

From mentions of his published pages in Forbes magazine to the projects that Chenevert led to greatness. His forward thinking was an admirably that attested to his skills as a leader. He was able to find projects that would launch the company towards conveying the company’s vision. When others declined UTC stepped up and won the lobby because of this UTC became the one and the only supplier of the F-35 engine for the US government, in part it is because Louis Chenevert has been known to pick the best projects.

A powerful businessman Chenevert was not only good at his leadership, but he knew how to make it through tough times. When faced with economic crisis, Chenevert guided UTC through it. Because of this UTC has made it through with their head above water.

In 2014, Louis left United Technologies Corporation and became the Exclusive Advisor at the Goldman Sachs banking division. His hard work at UTC had definitely paid off because the corporation is still very much in the lead. Overall, the article depicts the great feats and accomplishments of Chenevert. It goes into describing the skills that Chenevert has and what kind of business he was able to make thrive from his hard work and dedication. He was able to be the kind of leader that inspired the employees to strive to deliver and live up to UTC’s vision. The article paints a picture of a tall accomplishments.

Rise Of Gregory Aziz

Gregory James Aziz is a Canadian businessman born in Ontario. He was born in 1949. Since the 1970s he has been in the corporate sector serving in various business organizations in North America. Greg Aziz is the current chairman of the National Industries. He is also the president and chief executive officer of a subsidiary of National Industries known as National steel car. National steel car a top manufacturing and engineering firm in Canada specializes in the production of railroad freight cars and tank cars. National steel car has offices and headquarters in Hamilton, Ontario. The current CEO Gregory Aziz went to the University of Western Ontario. He studied bachelors in economics.

 

 

His first job after completing his economics degree at the university was at a company known as Affiliated Foods. Affiliated Foods dealt with the supply of fresh foods. He supplies to a large market in North America. This business was owned by his family. Greg Aziz spent about 16 years in the business and helped it to grow into a regional foods supply giant. It was able to grow its market base to mire areas in Eastern Canada and the United States. Affiliated Foods imports its fresh foods products from Europe and South America.

 

 

Businessman Gregory Aziz acquired National Steel Car Company in 1994 after he bought it from another company known as Dofasco. National steel car, the railroad freight car manufacturer has earned a good reputation in the manufacturing industry for its ability to produce products that meet high standards of manufacturing, engineering, and innovations. National steel car has been in existence for more than one hundred years. It was started in 1912. National steel car is a company that has embraced diversity, dynamism and good values in its operations. The employees of the company are proud of the work that they do at the company. They have been able to produce high-quality railroad cars. See This Page to Learn More.

 

 

National Steel car under the management of Greg Aziz has employed highly skilled engineers and technologists who are able to apply modern techniques of production. The intention is to produce products that meet the expectations of the consumers. Its dedication to delivering high-quality products have made it the leading producer of railroads freight cars and tank cars in North America.

 

 

Aziz has created a great reputation in the industry by creating good relations with the players in the industry. The company has won many accolades that through the TTX SECO. It won the awards for more than 18 years in a row.

Gregory Aziz Transforms The National Steel Car

If anyone mentions National Steel Car, the name Gregory James Aziz comes to mind. Gregory is credited with transforming the company from a small railroad freight car manufacturer to a leader in the sector in North America. James Aziz is the chairperson, president and chief executive officer of the noble company. National Steel Car is based in Hamilton, Ontario.

Gregory Aziz was born on April 30, 1949 in London, Ontario to a family of wholesale food business investors. The young Aziz joined Ridley College for his higher education. After graduating from the college, the shrewd entrepreneur decided to enhance his business acumen by enrolling for an economics degree at the University of Western Ontario.

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After graduating in 1971, the young professional joined Affiliated Foods, a wholesale food business owned by his family. The motivated young man used his education to enhance the business and widen its distributions to different towns across the US and Eastern Canada. Affiliated Foods sourced for its fresh foods from South America, Central America and Europe.

 

After a decade of working at Affiliated Foods, Gregory J. Aziz decided to engage in investment banking. In the late 80s, he secured several investment opportunities in New York before purchasing the National Steel Car from Dofasco. The deal was finalized in 1994. Aziz took over the management and ownership of the company.

Right from the start, the entrepreneur was convinced that he could help the National Steel Car regain its lost glory. He came up with an innovative strategy seeking to make the railroad freight car manufacturer a leader in the industry. Greg Aziz emphasized on team-building, improving engineering capabilities and augmenting human and capital investments. These efforts saw the company increase the number of cars it manufactured from 3,500 to 12,000 annually. This growth was accompanied by an increase in the company’s employee base from 600 to 3,000.

 

Greg Aziz’s efforts have also seen the company receive several certifications from reputable international organizations. The company is certified ISO 9001:2008. Since 1996, the company has received the TTX SECO award numerous times. Read More On This Page.

 

Greg Aziz is a philanthropist. Over the years, he has engaged in several charity initiatives. The owner of National Steel Car believes in giving back to the Hamilton community. He has supported different initiatives in the community, including the Salvation Army, the United Way, the Hamilton Opera and Theatre Aquarius. Greg and his wife have been sponsoring Canada’s biggest agricultural fair, the Royal Agricultural Winter Fair.

Hussain’s Relationship with Trump Expected to Bring on Huge Investments

Hussain Sajwani is the founder of DAMAC Properties, a company that is involved in commercial properties and real estate development in Dubai and the Middle East. Hussein hopes to enhance his relationship with Donald Trump by working closely with Donald Trump’s Real Estate Company. The two companies have been involved in different projects such as the construction of the trump international golf club which features luxurious villas that have brought in more than two billion in sales.

 

In one of the interviews, Hussein said that his relationship with Donald Trump extends to his family since trumps children are also involved in the business. The Damac owner believes that Trump’ children have leadership potential and he has no issues maintaining and growing their business relationship. Hussein and Trump’s wife are close friends, and they have had a lot of dinners and lunch together.

 

Additionally, Donald Jr, Eric, and Ivanka have also acted as representatives of their business to different wealthy foreigners including politicians from central Asia, South America, Turkey, and Canada. During a three-day business trip to the United States, Sajwani was amazed by Ivanka commitment to her business given that she managed to talk to Hussein about business days before her delivery. What’s more, she was strong and back in the office days after she had delivered.

 

It was at that time when he met Donald Trump for the opening of his new hotel. As they were having dinner, it was clear that Trump was going to pass his businesses to the younger generation if he was to become the next president.

 

Sajwani later returned to the United States after the elections were over where she met Ivanka who was moving to Washington so that she would be closer to the white house. Hussein was in attendance at the Trumps New Year’s party where he gave him a shout out terming Hussain Sajwani family as “the most beautiful people.”

 

Although people have concerns about Hussein’s investment in countries such as the Middle East Sajwani says that people don’t have to worry about his ties with the emir of Dubai as well as the relationship of anyone who’s going to take on the office next. According to him, he doesn’t have any political affiliations.

 

Visit http://www.damac.com/ to learn more.

Obsidian Energy Ltd – Past, Present And Future

The history of Obsidian Energy Ltd can be traced back to 1980 after the amalgamation of a couple of small firms that had been formed to operate within the tough oil and gas sector of Western Canada. In the years that followed, the company witnessed significant growth by acquiring both producing and non-producing oil and gas properties.

 

 

The recently renamed midsized Canadian Oil and natural gas production firm is located in Calgary, Alberta along the Western Canadian Sedimentary Basin. The region is known for having the most significant petroleum reserves in the world. The company relies on production from three key areas namely Alberta Viking, the Peace River oil sands, and Pembina Cardium.

 

 

In the past, Obsidian Energy was known as Penn West Exploration Ltd, Penn West Petroleum, as well as Penn West Energy Trust. The management announced the change of its name to Obsidian Energy Ltd in June 2017, effective immediately. According to the chief executive officer, Dave French, the firm settled on the name because the volcanic glass occurs naturally and allows sharpening and honing.

 

 

Following the change of name, the company’s stock symbol both on the New York Stock Exchange and Toronto Stock Exchange will be replaced with ‘OBE.’ 92 percent of the shareholders voted in favor of the name change. However, the management did not expect the shareholders to make any adjustments due to these changes.

 

 

Obsidian Energy Ltd plans to seek modest growth for the next three years. Its spending budgets are strictly tied to the oil and gas prices. Obsidian is committed to implementing enhanced oil recovery techniques at all times in all the core areas of operations. It relies on Water Flood as the primary technique because it allows the extraction of hydrocarbons – something that wouldn’t have been possible if the conventional central methods of production were used.

 

 

The company is also evaluating other useful production techniques such as steam injection methods (like cyclic steam stimulation and steam assisted gravity drainage) and carbon dioxide miscible flooding. The application of improved recovery methods of production permits the firm to increase reserves as well as output from the prime, conventional and gas properties that make up a considerable part of its asset base. Refer to This Site.

 

More On: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy