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.

 

Check Out This Page to learn more about the company.

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/

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.

1909308_1405440073054185_660900271_o

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.

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

An Encounter with Gregory Aziz at the National Steel Car

Behind any success of the National Steel Car, there is a great man – Gregory Aziz. The National Steel Car Company enjoys more than 100 years of good work and excellence in a very competitive field of engineering and manufacturing. With a sole aim of providing quality work, National Steel Car has gained a good and recommendable reputation all over North America.

 

According to James Aziz, their achievement is backed up with people. Their work is dynamic, innovative and values-driven. This makes them immensely proud what they are doing. To achieve more, National Steel Car Company under the leadership of Gregory J Aziz continually challenges itself. Evaluation and challenges are done by raising the bar. Due to that, they have built the highest quality railcars. They are also dedicated and ready to improve their production quality for better life. It is also the only company which happened to annual TTX SECO award for the last one decade.

 

The National Steel Car does not dwell on the past but the present. They are always out looking for customer reviews on how to improve their services. With more than 2,000 team members, this company is devoted to high quality and performance.

 

So, who is this great man called Gregory J Aziz? For those who do not know him, Gregory James Aziz was born on April 30, 1949. He was raised in London, Ontario. He got his primary education from Ridley College and his university education from the University of Western Ontario. This is where specialized in economics.

 

After his education, he was introduced to the business where he worked with his family business. This family business grew to be the leading importer of fresh food. The countries which benefited from the Affiliated Foods which was owned by Greg’s family include Central America, Europe, and South America. During his stay in that family business, Greg James Aziz was responsible for food supply to Eastern Canada and the United States. Get More Info

 

Working in his family business gave him an opportunity to work with several other banking institutions which needed his help. His hard work gave him capital which he used to buy National Steel Car from Dofasco. After buying it, James Aziz promised himself that he would make the National Steel Car the leading company in North America. The National Steel Car Company is ISO 9001:2008 organization that is working and serving the North American Region.

The Chief Executive Officer of National Steel Car, Gregory Aziz

Gregory Aziz is the Chief Executive Officer and president of National Steel Car. He has held the position since 1994 when he purchased the company from Dofasco. NSC has flourished in the leadership and management of Greg James Aziz.

 

Gregory James Aziz was born on 30 April 1949. James grew up in Ontario and went to Ridley College then later, the University of Western Ontario. He joined Affiliated Foods in 1971. James worked with this fresh food importing company for more than ten years. He then worked with investment banking opportunities in New York between 1980s and early 1990s. James Aziz became the CEO and president of National Steel Car in 1994. He is married to Irene, and they reside in Ontario.

 

National Steel Car is a company that engineers and produces railcars. It is also an engineering company. It began its manufacturing and engineering over 100 years ago, and ever since then, NSC has had a clean and spectacular record. Its background was rather rough, as it had to rise from the “sleeping giant” of Canada, to become one of the world’s leading producers of railcars. Go To This Page for more information

 

When Greg James Aziz took over NSC, he wanted to make it a great North American company. He had the dream of producing the most quality freight cars in North America; and also lead in production rate. This would put it on the leaderboard of railcar companies in the region.

 

Gregory J Aziz saw his dream to fulfillment. National Steel Car is currently the manufacturer of latest cars in North America. It is also the leading freight car manufacturer in the region. NSC has had a record of holding the TTX SECO award, since 1996. The 1996 garner was not the last, as it won the award for ten other consecutive years. Its other astounding record is the ISO Certification, which National Steel Car was prized, as the first and only freight car company in North America to acquire it.

 

Greg Aziz has seen an influx of production rate, and growth in the number of workers. In 1999, the employment rate shot from 600 which was the record at the time of purchase; to 3,000 yearly. Currently, the company still employs new workers every year, and the rate ranges from 900 to 1,000. This creation of employment opportunities consequently led to the growth of the Hamilton community. Currently, the company supports activities and fairs in Canada.

See: https://www.steelcar.com/

Eli Gershkovitch Contribution to Craft Beer Industry

Canadian craft beer business is booming in the region. It is the most popular drink in Canada. The annual sale of beer in Canada is $9 billion. There are many multinational and local breweries in the region. They brew different type of beer. The mass production of the drink makes it affordable to many people.

 

Propeller IPA is a famous drink in Canada. Propeller Brewing Company makes the drink. It is smooth with strong caramel flavor. It is mainly available in prop shops and also some beer stores across Canada. Another common drink is Pump House Blueberry Ale. The drink has a blueberry flavor. Many people like it because it tastes like blueberry muffins. Another common drink is St. Ambroise Oatmeal Stout McAuslan. It is dark and sweet. It is heavy and suitable during winter. It is found across the country and mainly in pubs.

 

The Steam Works Brewing Company is based in Burnaby British Colombia. It was found in 1985. The owner of the company is Eli Gershkovitch (CrunchBase). He was awarded the registered trade mark in 2006. The company spends $35 thousand dollars monthly in marketing, promotion art, and coasters. Eli Gershkovitch is also a pilot and a lawyer. The company has won many medals.

 

Eli Gershkovitch is an innovator. His primary goal is to revolutionize Canadian beer (https://interview.net/eli-gershkovitch-steamworks-brewery/). Eli Gershkovitch approached life with the positive attitude that many people expect from a world class working man. He is usually casual and values freedom. A desire to live his own life prompted him to start his own company. The motto of Eli Gershkovitch is to grow and meet the demand of clients. His principles are always based on economics.

 

Competition is usually very high among Canadian brewing industries. Many micro industries come up each year. Eli Gershkovitch has managed to use his ideas and innovations in enabling Steam Works Company to remain at the top in order to counter the competition. Steam Works Brewing Company make drinks such as summer ale, summer mash-up, flagship IPA, pilsner, Jasmin IPA, Heroic, Red ale, Killer cucumber, pale ale, and Kolsch. The alcohol content of these beers ranges from 4% to 5%.