Obsidian Energy Transforms the Canadian Petroleum Industry

Obsidian Energy Ltd, a middle-sized Canadian oil and natural gas manufacturing firm is located in Calgary, Alberta. It was among the sixty leading companies in Toronto Stock Exchange. Between 2005 to 2011, the Canadian Royal Trust attained top market capitalization of about US $9.5 billion. The economic instabilities caused by the drop in crude oil prices in 2014, affected Obsidian Energy Ltd causing restructuring. With its fields based in in Alberta the global most significant petroleum reserves, Obsidian Energy production happens in the Peace River Oil Sands, Alberta Viking and Pembina Cardium.

 

Transformation Process

The company was previously known as Penn West Petroleum Ltd and reformed to Obsidian Energy Ltd on 26th June 2017. Before its transformation, the firm experienced significant modifications which necessitated redefining of company missions and visions. The changes resulted in a stronger and more focused Obsidian Energy Ltd. Company logo will too be amended to match the new company name. These alterations must also happen on the New York Stock Exchange and Toronto Stock Exchange The process should be accomplished within the next three to five business days.

 

The governance and management of Obsidian Energy Ltd, are happy to have successfully accomplished the transformation process successfully. Obsidian focuses to commence fresh operations based on three principles. Their aim is on technical and commercial discipline in decision making to develop and safeguard company values. They also focus on the persistent pursuit of development and invention and accountable and reasonable efforts with shareholders and stakeholders.

 

Market Positioning

 

Obsidian Energy Ltd has a competitive edge in the market. It is strategically positioned, equipped with sufficient assets, has enough cash flow and a perfect exit strategy. The firm president and CEO David French confirmed that Obsidian Energy Ltd is dictating its market performance. The Penn West Successor is now embracing expansion trajectory and gaining back its competitive advantage. Click Here for more information.

 

Projected Financial performance

 

According to operation reports obtained in 2017 November, Obsidian Energy Ltd is projected to produce 31,000 to 32,000 barrels by 2018. The financial forecast shows an expenditure of $ 14 per barrel and $ 2.50 for G&A by 2018. Expected netbacks by the end of 2018 should not less than $18.70.

 

Related: https://finance.google.com/finance?q=NYSE:OBE

The Restructuring of Obsidian Energy Led to Growth

Previously, Obsidian Energy went under different names including Penn West Exploration Ltd. Penn West Petroleum and Penn West Energy Trust. It is an intermediate-sized company that is involved in the production of oil and natural gas. The company is headquartered in Calgary, Alberta. At one time, Obsidian Energy was among the S&P/TSX 60 sixty largest companies on the Toronto Stock Exchange. It was also a Canadian Royalty Trust (CANROY) in 2005-2011 and reached its highest market capitalization in 2008 with a net worth of about $9.5 billion.

 

 

In 2014, after the crude oil crunch, the company underwent a major restructuring. The company’s oil and gas fields are located in Alberta along the Western Canadian Basin. This region is one of the world’s largest oil reserves. The company makes use of three key locations in the region to produce gas. These locations include the Peace River oil sands, the Pembina Cardium, and the Alberta Viking. It has a total production equivalent of about 30,000 boe per day.

 

 

The company was renamed because it planned on pursuing a path of modest growth in the years to come by tightly tying the price of oil and gas on the spending budgets. These resolutions were voted by a majority of the shareholders who preferred Obsidian Energy to undergo rebranding. They chose the name Obsidian because it is a naturally occurring volcanic glass that can easily be sharpened and honed. The name was symbolic to the situation of the company at that moment in time.

 

 

In view of its stable asset base, Obsidian Energy was able to reduce its net debt and at the same time focusing on four key production areas. The restructuring of the company enabled it to have a strong grip on its financial management systems and employment of cost effective measures which brought it back to profitability. Currently, the company is enjoying a steady growth and has adapted stringent measures to improve its revenue base. It has well organized management structure that is capable of transforming the company into one of the leading oil and gas producing company of all times.

 

Visit: 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&

Achievements of Robert Thikoll

Robert Thikoll is the vice president of Ingersoll Rand and has been offering his services to the firm for close to ten years. Thikoll has a great passion for technology, and throughout his career, he has always strived to invent ideas for an improvement of human operations. Throughout his career, Thikoll has helped investors to implement many plans for development. He also helped people around him invest in the business, and even he gives them strategies to improve their business. Thikoll worked together with other people to help them set and accomplish their targets. He also solved problems when it came to failures and challenges in the industry.

Besides, he has also played crucial entrepreneurship roles through which he has helped many people increase the production in their firms. The renowned entrepreneur insists that technological innovations cannot thrive without the interaction of people and their effort to bring them to life. Thikoll also exercises excellent management and leadership skills in his daily operations and believes that proper and careful business procedures play a significant role in ensuring that a business progresses well towards the accomplishment of its goals. He has also worked with many prestigious individuals through which he aimed at acquiring better ideas for the development of his firms. He further insists that an individual’s commitment towards accomplishing their goals is one of the ways that determine whether they succeed in their businesses or not.

Thikoll insists that the various technological inventions have led to an increase in the workflow and expansion margins in the marketplace. The issue of technology has always been of a tremendous excitement to him and believes that the first revolutions and evolvements taking place in the modern world will ensure that the world becomes a comfortable and better place to live. He also encourages entrepreneurs to listen to their employees and ensure that they work together as a team towards accomplishing their goals.

Avatrade Review: Worth the Investment?

In the world of forex, there are no promises. Today could be a very profitable day for your portfolio, and tomorrow could be horrible. This is the ride of forex. Many people want to get into forex, while many do not know exactly how to trade. Many people also do not know exactly what platform to choose for trading. This is often the biggest question of every new trader is what platform they should use to make the most profit. With the forex industry booming, more and more platforms are popping up. Some are great while others are not so great. This is where Avetrade comes into the picture.

Avatrade is one of the best companies to trade with. They are very easy to use, with their focus being on making sure that every person can successfully trade forex easily and cheaply. This is key for people that do not know much about forex. They provide a professional environment where every trader feels at home and are not afraid to ask questions. They provide bonuses for depositing a large amount, increased leverages, and every option to trade. To the expert trader, this is very important. They need to be sure that they have a platform that they can make the most profit on. With Avatrade, you know that you are always having a professional platform behind you making sure that you are always in a good position to make money.

The goal of every trade is to gain profit and get every edge they can to accomplish that goal. With Avatrade, every trader can be sure that they have the edge Avatrade provides every trader. They provide every option to trade in forex and they provide professional support so that if you have any questions you can easily contact them and receive an answer. This is especially good in the digital age where information can easily wreck your profit for the day. Compared to other trading platforms Avatrade offers the edge and ease of use. They provide great support, low fees, great deposit bonuses and leverages, and they really want you to make the profit. Choose them next time you need to make the profit in forex.

Learn more about AvaTrade and read their reviews on the Daily Forex.

The Oxford Club Newsletters are Highly Rated in the Investing Industry

Rob McKinsey’s recent article on Ask Reporter titled “Investing and Trading Advice from The Oxford Club” discusses the various services the private network of investors offers to members.

One of the main services The Oxford Club provides is the revealing and informative newsletters. The flagship newsletter, The Oxford Communique, is written by Alexander Green. Mr. Green is a New York Times Bestselling author as well as the Chief Investment Strategist at The Oxford Club. This newsletter provides insight into trading, opportunities, and market trends. The financial insights are accompanied by monthly research reports and quarterly market updates. It has been highly rated throughout the investing industry as one of the best performing newsletters.

The Oxford Club also provides in-depth information for income portfolios. This newsletter is written by Marc Lichtenfeld, the Chief Income Strategist. By providing readers with analysis of dividend stocks and recommendations, readers will have the latest insights to create a winning portfolio. This newsletter also discusses bonds with the Bond Strategist, Steve McDonald.

For members looking for emerging trends in the market or information on macro markets, they should consider the Oxford Resource Explorer. This has a team of experts including the Emerging Trends Strategist, the Infrastructure Strategist and the Macro Strategist. They provide research and recommendations for investing in alternative energy, natural gas, oil and other resource commodities.

The Oxford Club also offers trading services like the True Value Alert. This team is led by Alexander Green and offers subscribers information on how to identify the stocks that are trading for less than what they are worth. They also have the Prime System Trader, a strategy developed by Matthew Carr, the Emerging Trends Strategist. This trading service provides information on stocks that are capable of gaining 300-600%.

There are three different membership opportunities. The first is the Premier Membership which is the introductory offer. These members are renewed annually.

The Oxford Club has been providing investing information for several decades. They seek to provide an easy-to use investment strategy that has proven itself as capable of beating the market without too much risk.

The Oxford Club has more than 157,000 members throughout the world. By providing the newsletters and trading services they are able to help their members often outperform the average market return.

Get Your Home Renovation Inspiration from Siteline Cabinetry

When you are looking to renovate your home, you may not know where to start. Most often inspiration can come from the smallest details, or even from places that you never thought you would find it. For instance, if you are looking for inspiration as to what way you should redo your home, you could start by looking at home décor magazines, or even visiting profiles of homes for sale online. You could try heading to your local upscale retailer’s home décor section, or visiting a kitchen and bath refitter, or even a big box home improvement store’s remodeling section. There is another option that you may not have ever thought of, however; why not check out the Siteline Cabinetry product catalog.

A quick visit to the Siteline catalog will give you the chance to not only check out the company’s amazing products but also get inspiration for the entirety of your home renovation. Siteline offers more than 289 finishes, 45 different door styles, and dozens of configuration options. There is even a broad range of specialized accessories that you can get ideas from that can incorporate convenience and flexibility into your storage solution plans throughout your new renovated home to make life easier and more organized every day.

Don’t just check out Siteline’s website for design ideas though, while there are plenty to be had. While you are there make sure that you learn about their incredible product offerings. On the website, you will be able to learn about how Siteline gives you customer style cabinets at a fraction of the cost and in a much shorter period of time than having them custom built on site by a contractor. You can also learn how the unique manufacturer system that Siteline uses can offer you any style, and a wide range of personalized options that you can use to design cabinet and storage solutions that are perfect for every space in your home. You will also be able to learn how Siteline offers you those little touches that make a big difference between regular cabinets and extraordinary premium cabinets like custom drawers for specialized storage need such as bread, knives, or veggies, to soft closing hinges, to lighting options, and more.

All Siteline products are made in America and are guaranteed to give you ultimate satisfaction. All wood edges are ultra smoothed, all hinges are super durable, and everything that goes into making the cabinets is the highest quality on the market today. In as little as 35 days or less, you could be installing your new cabinets and be living with peace of mind thanks to the customer assurance limited lifetime warranty.

While Siteline does not directly sell to the public, they do manage a wide network of distributors that will be happy to help you choose and order the cabinets that are perfect for you. Check out the Siteline website to locate a reseller that is near you and ready to help you with your project.

So who knows, perhaps you may find a modern home inspiration is right for you by visiting Siteline, or you may discover another design concept that is perfect for your taste and space. Either way, whatever design concept you choose for your renovation let Siteline help you get the most out of your finished remodel by providing you with cabinets that are as durable, convenient, and affordable as they are stylish and easy to buy.

Gregory Aziz Enhances Solidarity at National Steel Car

Gregory J Aziz is the lead executive of National Steel Car. He is also the chairman and the president of the company. Based in Ontario, National Steel Car is a leading manufacturer in railroad freight car, engineering and maintenance. Under the guidance of Aziz, the company has risen to the upper ladder of railroad manufacture and service delivery. Gregory has vastly focused on his team as the major source of National Steel Car’s growth. He has put a lot of work in generating a dynamic, revolutionary, valuable company that incorporates exemplary leadership in North America.

 

Gregory’ Leadership Strategies

 

Gregory James Aziz is well known for setting standard operating rules in his company. Persistently raising the performance bar for his employees, Gregory has promoted a culture of team work among his people. By posing challenges to them, they have learned to cultivate the culture of togetherness and team building. As a result, the company thrives in excellence. Gregory has a way of focusing on the strengths of his people. Usually, the major purpose for this character is to elevate employees by initiating incentives. Aside from working constructively to build a strong team, Greg focuses on providing clients with some of the industry’s leading standards. Perhaps that is the major quality that sets National Steel Car apart from other service providers.

 

Work Traditions

 

At National Steel Company, there is a lot to focus on in terms of development. Gregory does not boast of past achievements as he understands the value of implementing new, revolutionary strategies. That is why since he joined the company, he has been instrumental in building a strong, human resources department. Aziz is a friend to many. Aside from that, he is a mentor and a character developer. Being the leader, he capitalizes on increasing the employee base. This is a factor that promotes excellence through adequacy. It is evident that Aziz is keen on supplying the demands of his clients. Visit This Web Page for more.

 

The Conclusion

 

For Greg Aziz, team work is paramount. He has a special liking for his people. That explains why his employees testify to his ability to lead diligently. In addition, his family values have played a pivotal role in enhancing a skilled workforce. Aziz is definitely one of the most instrumental individuals at National Steel Car. By appreciating his employees, Aziz maintains an upper hand at offering guidance to his people. Aziz is determined to maintain his leadership position as well.

Related: http://ca.viadeo.com/en/profile/greg.aziz

The Business Pursuits of Hussain Sajwani

DAMAC Owner, Hussain Sajwani has built an unmatched reputation for his real estate company, DAMAC Properties. DAMAC Properties was founded in 2002. Since then, the company has grown to become one of the best in the real estate industry in Dubai and United Arab Emirates as a whole.

 

This visionary leader started his career by working in restaurants and later opened his own hotels. In attempts to become a successful hotel manager, he contributed to the growth of hotels in the United Arab Emirates. This led to an increase in economic growth for the country. Hussain Sajwani is also an active philanthropist who has donated funds to help many needy people. He recently supported the refugees from Lebanon whose homes were struck by snow storms. Learn more: http://gulfnews.com/culture/people/high-riser-1.25193

 

Hussain Sajwani is the current President and Chief Executive Officer of DAMAC Group which is certified to operate as DAMAC Properties Dubai Co. PJSC. With this, the company can operate under the public sector. The projects that Hussain Sajwani and his employees offer cover most parts of the Middle East.

 

At DAMAC Properties, Hussain Sajwani has employed a well experienced team of professionals. These employees always work hard to ensure that they maintain the operational standards of the company. Their contributions to the growth of the firm have helped in securing larger markets for the company’s properties and projects.

Hussain Sajwani Family have close relations with the President of the United States of America, Donald. This is as a result of business partnerships that Hussain Sajwani and Donald Trump have had in the past. Despite the fact that Donald Trump is now the President of the most powerful country in the world, he still values his relations with his ally. Their friendship still continues to grow and they are still business partners but not as much considering the additional commitments that Trump has. Learn more: http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/

 

Interestingly, one of the properties of Hussain Sajwani’s company, Akoya still harbor The Trump International Golf Course. This is one of the investments that the president is running in Dubai. Donald Trump is returning the favor by allowing him to operate restaurants in the United States of America. Besides, they also run real estate business with Donald Trump’s Organization.

Success of Gregory Aziz Under National Steel Car

Gregory Aziz is a Canadian entrepreneur. He was born in 1949. He is among the active corporate business executives in the country. Gregory J Aziz is the current president and chief executive officer of the National steel car. National steel company is leading company in the country. It is among the best performing in the country. In the engineering and manufacturing category. It is the leading company. It has performed well than any other company in the region. National steel car has its offices in Hamilton in Ontario. Gregory James Aziz went to the University of Western Ontario where he completed his degree in economics.

 

After graduating I 1971, he joined a family-owned business in his hometown. He worked for a business known as Affiliated Foods. This is a company that was owned by his family. He worked in this company for 16 years. By the time he was leaving the management of this company, it was already a top company in the industry it was the biggest importer and exporter of foods into North America. Affiliated foods dealt with the supply of fresh foods into the region. The company used to get its foods products from Europe and South America.

 

 

Gregory Aziz bought national steel car in 1994. National Steel car is a company that deals with the manufacture of railroad freight carts. The company has been building their products for the last one hundred years. It has managed to excel in its engineering and manufacturing business which is the reason they are able to perform this task very well. National steel car has been built on values and dynamism. The workforce of the company has been very happy that this company has been able to accomplish its achievements. National steel car has the best engineers in the industry who have made a huge contribution towards the success of this company. They are the people who have made the company one that has the best quality products. Read This Page to learn more.

 

 

Gregory J Aziz has been established the company on a good foundation of good relations with the clients and the customers in general National steel car has been awarded the TTX SECO awards as the best company in the industry. The company has won this awards for over 18 years consecutively. The company has also been ISO certified.

 

 

Since Greg Aziz joined the firm, the production capacity has gone up by a huge margin. The company now has a production capacity of over 12000. Before he purchased the company, it was doing less than 35000 cars in a year. The huge increase that has been recorded has purely to do with the managerial skills of Gregory Aziz.

How Betsy Devos’ Philanthropy Works Contributed to Her Current Position

Betsy DeVos’ the 11th Education Secretary of the united states was born in 1958. She is also a renowned American politician and an entrepreneur. The philanthropist has been in the forefront in provision of education, supporting the school charters, voucher programs, and choice. She is a former multi-level marketing company Amway, CEO.

 

Betsy has served in several leadership positions, for six years she worked for Michigan as a Republican National Committeewoman. From 1996 – 2000, the entrepreneur was also the chair of Michigan Republic party. Devos served as a board of chair of Education in the Alliance for school choice and Action Institute. Besides heading all children matter PAC, she was an advocate for the Detroit Charter school system.

 

The philanthropist is a graduate in business economics from Calvin College in Grand Rapids, Michigan. Her involvement in politics started way back when in college. For 25 years she has been encouraging for school choice during her philanthropic and political work. She works as Great Lakes Education Project board member and a chairperson of the pro-school choice group American Federation for children.

 

Financial Generosity and Charitable Work

 

Betsy donated over $150,000 for the Bush re-election campaigns in 2004. In 2008 the philanthropist held a Democrat fundraiser. She was the National Republican Senatorial Committee head of finance in several projects. The Democrat has since 1989, donated over $17 million to various political candidates. She is the co-founder of the Dick & Devos family Foundation that was launched in 1989. It is a motivational foundation based on leadership cultivation, transformation acceleration and support influence. The organization focuses on community, education, leadership, justice, and art. The foundation donated contributions worth $1.6 million to charitable works. In overall 2015 the fund was ranked among the top givers in American reaching to $139 million donations.

 

DeVos Foundation has been funding hospitals, Christian schools, evangelical missions, arts and health organizations, conservatives, free-market think tanks. Between 2014 – 1999, $100 million was geared towards the support of the Christian groups. Charter school received donations worth $ 5.2million, $59.750 to the public schools and $8.6 million to the Christian schools. Grand Rapids Christian High School Association received the support of $ 2.39 million and $ 652,000 was channeled to Ada Christian School. Holland Christian Schools support was $ 458,000.

 

DeVos is a well-connected leader, who has been supporting the interests of Washington poor kids. She has built her career by networking with experts and entrepreneurs, and through her foundation, she has helped the education and well-being of these kids. The entrepreneur has led the national battle in the development of children educational opportunities.

 

Conclusion

 

The focus of Betsy is on educational opportunity, and she advocates for the support of education programs. She has championed education circles in school choice and issued private school vouchers to needy families. DeVos gained her milestone in the nomination as the education secretary due to her networks and interest in the neglected kid’s support.

 

For updates, follow Betsy DeVos on Facebook.