Insightful Facts About Obsidian Energy

Obsidian Energy is a Canadian oil and gas producing company. The company previously known as Penn West Exploration Ltd is based in Calgary, Alberta. This region is along the Western Canadian Sedimentary Basin. It’s among the most significant petroleum reserve in the world. Production is done in three areas in Alberta which include Peace River Oil Sands, Pembina Cardium, and Alberta Viking. It has been the sixtieth largest company on the Toronto Stock Exchange for a while.

 

The company has a significant number of employees. It has set-up several sub-stations that have eased the access to energy services. It has also improved the living standards of the society due to the accessibility of sustainable and affordable energy resources. The company also offers their products like energy appliances and devices in installments. By expanding their services widely, it has helped the low-income buyers to access their products in installments.

 

Obsidian Energy has a competent research team that researches on advancing technology. The company also allows other researchers and investors to do their own research and their findings have guided the company in creating innovations, efficient use of technology and attaining a green economy.

 

Health and Safety

 

Obsidian Energy is keen on environmental conservation by creating an environment for its residents that is free and safe from pollution. The company has helped Canada to achieve a green economy as it produces natural and renewable energy. It has also reduced the number of carbon emissions and other harmful elements to the atmosphere. It also carries out resource reservation, land reclamation and proper site abandonment intending to conserve the environment.

 

Obsidian also values the safety of its employees and their families as well. They have an emergency response plan that is swift in responding to emergency situations occurring during the company’s operations.

 

Conclusion

 

The Obsidian Energy Company has established excellent standards for other oil and gas companies. It has generated significant revenue for Canada as well as improving the lives of people. The company has attracted investors globally who have further enhanced the value of the company. It has also received significant awards due to its exemplary achievements.

 

View Source: https://en.wikipedia.org/wiki/Obsidian_Energy

 

Penn West Rebrands To Obsidian Energy

In the annual and special meeting held on 26th June 2017, over 92% of Penn West shareholders passed through ballot vote to change the Penn West Petroleum Ltd to Obsidian Energy Ltd. Through the extraordinary resolution, the name change took over immediately. The company changed the symbol to “OBE” on New York Stock Exchange and Toronto Stock Exchange.

 

 

The Chief Executive(CEO) and President of the Canadian of the oil and gas company, David French, outlined that the company has been undergoing significant transformations and restructuring to improve the performance. The fundamental changes included development strategies, financial reports, operational structures, and staff. Additionally, to mark the new chapter a new name and new policies will provide a platform to move Obsidian Energy to new heights of success. (See Related Information Here.)

 

 

After re-stating its financial reports in previous years, Penn West undertook economic restructuring. It sold various assets which allowed debt reduction from $3 billion in the year 2013 to $384 million at the end of March this year. In addition to financial reforms, Obsidian Energy carried out operational improvements to capitalize on profitability. It has reduced forecast production from 135,000 barrels of oil per day in 2013 to 28,000 barrels of oil per day in this calendar year. Also, Obsidian Energy has undergone strategic staff changes. At the start of this year, it had 407 employees as compared to 1,415 employees in the company three years ago.

 

 

Obsidian Energy is a Canadian crude oil company based in Calgary, Canada. It has crafted the right platform to deliver results. It is led by discipline, passion, and entrepreneurial spirit. It aims to uphold accountability to all shareholders, partners, and communities. Obsidian Energy is committed to protecting the environment. It holds the safety and health of the employees, the public, the company among others. The management of Obsidian Energy continually improves safety standards, training, and awareness of employee and contractors.

 

 

Obsidian Energy is guided by three principles to achieve high performance which includes disciplined technical and commercial decision making, innovation, and transparency. With right assets, prudent financial reports and investment strategy, Obsidian energy will thrive in the competitive environment.

 

Source: https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-shareholders-approve-name-change-to-obsidian-energy/article35463586/?ref=http://www.theglobeandmail.com&

 

The Iconic Feature of the Success of National Steel Car- Gregory Aziz

Entrepreneurship seems like the ultimate way of survival. Many individuals have come up with great ideas to try their luck. Unfortunately, some of this people have not been able to implement their idea into a plan. This is because it takes a lot more than talking. It needs commitment and dedication. Patience and perseverance are also virtues than an investor has to have.

 

Gregory J Aziz, the National Steel Car chairman, president, and chief executive officer of National Steel Car is among the individuals who have exhibited such characters. It has been a long journey that finally bore fruits.

 

James Aziz majored in Economics. This was going to help him in running the business and understanding the measures to take to avoid losses.

 

After completing school, he joined his family business. This firm was in the food business. With years of hard work, the company was finally recognized. It became the most substantial importer and exporter of foods across Eastern Canada and America.

 

In the 1990s, Greg Aziz went in search of bank facility opportunities. This was in preparation for the National Steel Car project. In 1994, he was finally able to buy the company. This was his dream come true. He always wanted to make the Canadian Company the most prominent manufacturer of freight cars and tanks in the whole of North America.

 

By 1999, the company’s output per years has increased to 12000 freight cars from the previous 3500. This meant that more employees were needed. They, therefore, increased the number of employees to 3000 from 600.

 

The community around was happy as a result of this development. They benefited greatly because many of them acquired positions in the company. Others set businesses. The large employment pool meant a big market. See More Information Here.

 

The people are grateful for the philanthropic activities that the National Steel Car has been involved in the community. They consider him the most prominent individual in Ontario.

 

Apart from his business success and philanthropic work, he is also a family man. He has a wife and two kids. Through his leisure time, he enjoys going family outings. One of the common activities that they enjoy together includes horse riding. Greg Aziz and his wife are sponsors of the Royal Agricultural Winter Fair.

 

Gregory Aziz says that the success of the company has been as a result of cooperation and teamwork of employees. The clients have also greatly contributed to the success of the company through their feedback. Gregory J Aziz promises their customers continued quality production of goods.

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Gregory Aziz, brilliant CEO of National Steel Car

Gregory Aziz is the CEO and president of the biggest engineering and manufacturing company in North America known as National Steel Car. This is a company that was established in 1912. The original founders of the company were Basil Magor and Sir Morison. The company was started as a subsidiary of the National Industries Inc. In 1919 it became a private company that was named National Steel Car Limited. Since it was started the company have never gone down. It has managed to operate for more than a hundred years consistently. This is one of the greatest achievements that this company have made. Its legacy as an engineering and manufacturing company have remained intact for all those years.

 

 

The current management of national steel car is led by Greg Aziz. He is an economist from Ontario, Canada. He went to the University of Western Ontario where he studies a degree in economics. He graduated from the university in 1971. After graduating he worked in a family owned business known as Affiliated Food. This is company that he helped to develop with a short time. Affiliated Foods became the biggest importer of foods into North America. In the 16 years of his management, it had expanded its influence on Canada and North America.

 

 

Affiliated Foods used to import foods from South America and Europe. It has become the biggest supplier of foods in the whole of North America. This is not the only business he worked for before buying National Steel Car. Gregory James Aziz went to New York where he worked for various investment banks. While working in the investments banking industry, this is when he met Dofasco who were selling the National Steel Car. He offered to buy it since he knew that he had the capability of changing its fortunes in a short time. As an economist, he knew exactly what to do to attain the desired results.

 

 

National Steel Car has shown great improvements since Gregory James Aziz took over the role of the management. Gregory James Aziz managed to make the production capacity of the company to go up. A company that he found with a production capacity of 3500 is now doing more than 12000 cars in a year. His strategy of expanding the operations of the company have also resulted in an increase in the number of workers that are employed by the company. The company has a workforce of more than 2000 all the way down from 600.

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Useful Facts About Obsidian Energy

Formerly known as Penn West Exploration Ltd., Obsidian Energy is a mid-sized oil and gas producer. The company is based in Calgary, Alberta, and its location along the Western Canadian Sedimentary Basin which is among the world’s biggest petroleum reserves is strategic.

Obsidian Energy has three production areas: The Peace River Oil Sands, the Alberta Viking and the Pembina Cardium. It is among the top sixty large companies on the Toronto Stock Exchange. Between 2005 and 2011, Obsidian Energy Company was a Canadian Royalty Trust and it attained its peak market capitalization of approximately $9.5 billion in January 2008.

 

The renaming of Penn West Petroleum to the current Obsidian was built under the shareholders motive to pursue modest growth. To ensure this was successful, 92% voted in favor of the change. According to the CEO, Dave French, the name Obsidian Energy was appropriate because Obsidian is a natural gas that occurs in volcanic glass and can be sharpened and honed.

On 26th June 2017, Obsidian Energy officially changed its name from Penn West Petroleum to Obsidian Energy. The change of name affected the business aspects including the stock symbol which changed to OBE on its Toronto and New York Stock Exchange markets. In addition, the shareholders approved the listed resolutions in the 2017 annual and special meeting and the 30th April 2017 Management Proxy Circular.

 

Refer to This Page for related information about Obsidian Energy.

 

Obsidian Energy exists on the foundations of discipline, constant passion and accountability to its customers, partners and shareholders. Besides having strong corporate governance that puts everything clear to its stakeholders, the company takes care of community and environmental interests. In addition, health and safety measures and programs are upheld at the workplace to ensure employees are free from accidents. Currently, Obsidian Energy has a stable portfolio comprising of high-quality assets that yield about 30000 oil barrels daily.

 

 

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

Why Gregory Aziz Remains The Genius Behind The National Steel Company

 

Mr. Gregory J. Aziz is the CEO and the President of the National Steel Car. Greg Aziz has led this company to be a leading freight, transport, engineering, and manufacturing company in Ontario. He also doubles up as the CEO of the National Industries Inc.

The National Steel Car was founded in 1912 and has been on the market for over 100 years. It has been feted as Northern American leading manufacturer of freight car since their productions meet and satisfy the needs of the current age and the evolving standards.

 

Success Secret and Awards

Greg Aziz intimates that the cornerstone and the rock of the success at the National Steel Company are the people, the real market. The company could not have achieved anything were it not for the innovative, dynamic and value-driven personnel at their service.

The team, as Gregory Aziz introduces it, challenges itself to new feats. They keep on raising the bar for themselves. The focus and the resolve in the industry are unmatched. Aziz reveals that theirs is the only ISO 9001:2008 certified company in North America. Greg has been honored with TTX SECO Award for more than a decade. See More Information Here.

 

Team Building

Greg James is grateful for the loyalty and the support of their valued customers, who together have built a strong chain of relationships and suppliers. National Steel is proud of its 2,000 member team which continues to produce quality and trusted railcars.

 

Mission Statements

Here are some of the mission statements established under the leadership of Greg Aziz, commitments that he lives to see accomplished each day in office:

 

  • To keep honoring the culture and traditions passed to them from the past.
  • To carry forward with enthusiasm and determination.
  • To produce and perform excellently and with focus on quality.
  • To be the leader in the industry.

 

Getting to know Gregory Aziz

Greg James Aziz was born 30th April 1949. He attended the Ridley College in his youth and studied Economics. He later enrolled at the University of Western Ontario and specialized in Economics. Greg James joined his family in the Food industry, growing the company into a leading importer of food.

 

Taking Over National Steel Company

He realized his dream in 1994 when he purchased the National Steel Company. He saw the capability of the company in Engineering and manufacturing. Greg pumped money and resources, raising the annual production of cars from 3500 to 12,000. The workforce rose from 600 to 3,300 under his tenure.

Source: https://www.steelcar.com/Greg-Aziz-welcome

Gregory Aziz

Gregory James Aziz aka Greg Aziz/James Aziz is the current CEO and chairman of two leading companies. The National Steel Car and the National industries Inc. James Aziz who studied economics at Western University has been the chief executive officer of the national steel car for 23 years now since his recruitment in 1994. The perfect leadership skills that he possesses has been key in enabling him to hold onto the position for that long.

 

 

National Steel Car, which is among the world’s leading companies in railroad freight car has observed steady growth under the leadership of Gregory J. Aziz. The company, which has had over 100 years of operation since its founding in 1912, is recognized as North America’s number one manufacturer of railroad freight car. National Steel Car has been able to design fright cars that meet the needs of their customers as well as railroads that gain approval in the railroad industry since 1912. See More Info Here.

 

 

Based in Hamilton, Ontario the company has managed to outpace competitor companies across North America by focusing on manufacturing freight cars with unmatched excellence. Greg Aziz strives to instill a spirit of innovation and the burning desire to improve each time the company is releasing its products onto the market. With a perfect team of 2000 members, National Steel Car is always dedicated to ensuring that it revolutionizes the railroad freight car manufacturing sector.

 

 

Although delivering quality for more than 100 years is quite challenging, Greg Aziz has been at the forefront in ensuring that they attain customers’ trust over the years. National Steel Car is now a favorite company to many customers as far as railroad cars are concerned. National Steel Car company boasts to be an award-winning company for a long period now. For instance, the company has been awarded TTX SECO 13, consistently for over a decade under the leadership of James Aziz.

 

 

Gregory J. Aziz is one of the few leaders in the world who are not only passionate about improving the company’s products but will do their best to maintain the standard. James Aziz is always enthusiastic to ensure that the customers’ needs are met. Following the numerous awards that National Steel Car has received under his leadership, it is clear that the chairman has never looked at his past accomplishments as a base for relaxation. In fact, achievements have initiated the need to raise the bar even higher.

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