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.

 

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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.

Obsidian Energy: An In Depth Look At Obsidian Energy

Obsidian Energy is an oil and gas company based out of Canada. The company is listed on the Toronto Stock Exchange. At one time the company was called Penn West Energy. David L. French is currently the President and CEO of Obsidian Energy.

 

David French has been interviewed on numerous occasions by the Toronto Stock Exchange. Mr. French has stated that he is pleased with the amount of growth Obsidian Energy is experiencing and he feels the organization will continue to grow and prosper especially within the 2018 fiscal year.

 

Mr. French has been with the company for almost two years. In addition, he has previously been employed by Bankers Petroleum Company where he served as CEO. David French currently holds an Bachelor Degree in Mechanical Engineering from Rice University.

 

Obsidian has a strong commitment to nearby residents to keep them informed about any changes that may impact the environment. Changes impacting the environment are associated with gas and oil operations initiated by Obsidian.

 

Obsidian Energy has a variety of environmental programs that involve communication, resource conservation as well as site abandonment practices. This information is made available to the public.

 

The company has safety principals in place that guarantee the safety and well being of all Obsidian employees, family, friends as well as the public environment. All policies and safety procedures will at all times will comply with legislative requirements as well as compliance issues.

 

Obsidian Energy also enforces an Emergency Response Plan which involves employing safety measures while drilling for oil or gas within a specific geographic zone. Any and all companies as well as residents will receive advance notification of any scheduled drilling operations according to specific zones. Zones are numbered and recorded, they are kept in a permanent file.

 

Updated manuals are available for gas and oil pipelines in accordance with the National Energy Board Guidelines. Guidelines are updated on a yearly basis and can be viewed by obtaining permission to review relevant links. Read This Page to learn more.

 

Please see www.obsidianenergy.com. Safety data sheets can be viewed by logging on to the company web site.

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

National Steel Car Company Growing Under Gregory Aziz

Gregory Aziz is the president and the chief executive officer of the National Steel Car Company. The company is one of the world’s leading companies in the engineering and manufacturing of railroad freight cars.

Greg Aziz graduated with an undergraduate degree in Economics from the University of Western Ontario. He started his career in 1971 when he joined a food venture firm that belonged to his family. Visit This Web Page for more.

 

While working there, he helped the company import fresh food products from Europe, Central, and South America. Determined to prosper in this business, Gregory James Aziz also went ahead and started a food distribution network in Canada and America.

 

He ran this family business for a very long time, importing food products from all over the world and trading them at the markets in the united states and Canada.

 

After successfully managing his family business, Gregory Aziz joined the field of finance. He joined finance field in the 1980s and worked there until in the 1990s, working with investment banks in New York.

 

It was while working at one of the investment banks in New York that he had a first-time experience with the National Steel car company.

 

The National Steel Car Company was going through a transition, and Gregory J Aziz worked closely with the high ups in the company. Through these business transactions, Greg Aziz became a part of the National Steel Car Company.

 

 

The National Steel Car Company was founded in the year 1912 and has existed for over 100 years, emerging as the leading freight car manufacturer company in North America. The company’s commitment to the provision of quality products has earned it this reputation.

 

The National Steel Car Company has its headquarters in Ontario Canada, but it has expanded its services to the United States of America.

 

Gregory Aziz joined the company in the year 1994. His main aim to make the business succeed relied on teamwork, capital and human investments, and excellent knowledge of engineering.

 

Between the year 1994 and the year 1999, the National Steel Car Company, through the leadership and teamwork put in pace, saw its manufacturing capacity expand from 3,500 cars to 12,000 cars per year. This improvement in manufacturing capacity also meant that employment in this particular period also increased from 600 employees to 3,000 employees.

Learn More: http://centraljerseyworkingmoms.com/gregory-aziz-and-the-transformation-of-national-steel-car/

Greg Aziz, CEO of National Steel Car restores the glory of NSC

National Steel Car is one of the oldest corporations in Canada. It is among the remaining corporations that have survived for over a century and continues to be fully operational just like modern day corporations. In the category of rolling stock companies in Canada, it is the only big corporation that still exists. Most of the competitors in the industry died as a result of hard economic times and a shortage of orders from the railway’s industry. Other companies have fallen victims of their decisions by failing to adapt to changing times. Technology has adversely affected the engineering and manufacturing industry, and not many old companies have successfully transitioned with it.

 

National Steel Car is located in Hamilton, Canada. It is still one of the resilient companies in the country; have withstood the test time successfully. Established in 1912, National Steel Car have been manufacturing railroad freight cars and other related products. The company has been able to move with the times, and since the day it started its operations, it has never closed operations although its management has switched hands a couple of time. Initially started by Sir John Morison Gibson, and Bail Magor, the corporation is today owned by Gregory J Aziz. At some point between the 1960s and 1990s, it was owned by Dofasco.

 

National Steel Car Corporation has faced threatening challenges twice. After starting off with a boom in 1912, the corporation suffered its first huge setback in the 1930s. The company suffered a major shortage of orders. Since it was dealing with just one line of production, it found itself entangled in some challenging environment that needed quick measures to resolve. What the company did was to resort back to the production of bus bodies and motor trucks as a way of maintaining its operations. It later got its operations back to normal in the 1940’s with the advent of the Second World War. See More Information Here.

 

Greg Aziz

 

Greg James Aziz is the man behind the recent resurgence of the National Steel Car in the engineering and manufacturing industry. James Aziz bought the company from Dofasco in 1994 after the former owner was unable to sustain its operations. As an economist and investment advisor, Greg made the decisive decision of purchasing the company and transforming it.

 

In just a few years, Greg Aziz had restored the lost glory of the corporation in the region. The corporation now produces over twelve thousand cars all the way down from three thousand five hundred when he took over.

Read More: https://www.steelcar.com/Greg-Aziz-welcome

 

Louis Chenevert – The Man Who Left a Legacy at UTC

The magazine known as “Aviation Week and Space Technology” named him “Person of the Year.” The affiliate of the University of Montreal, HEC Montreal, awarded him a honorary doctorate. Also the National Building Museum would shower him in awards in 2009. He was so intelligent that Goldman Sachs tapped him to be an advisor in 2015 for their Merchant Banking Division. Who was this man? His name is Louis Chenevert, and if you are in business, you would be wise to listen to him.

Chenevert began his career by working for General Motors. It was here that he worked with the brightest minds in the production management field. He sharpened his skills and became one of the best production managers the company had ever seen.

He would go to leave General Motors after working there for fourteen years to pursue his job at the aircraft manufacturing company Pratt and Whitney. Chenevert found that he had a knack for this niche of business and was promoted to the role of company president in the year 1993. Chenevert believed he could reorganize the entire sector, but many doubted him. His doubters knew that this once proud sector used to make up nearly a quarter of America’s GDP, but now it was not even half that amount. Chenevert was up for the challenge.

In 2006, Chenevert would go to become CEO of the United Technologies Corporation, or UTC for short. To be competitive, he would lead UTC to acquire none other than Goodrich. This came a cost of $16.3 billion, but it launched UTC to the top of its field. Chenevert would begin producing high quality products ranging anyway from commercial and military jet engines to flight controls and sensors to the very air conditioners that each of us have in our homes. From there he would lead UTC to become a Controls & Security juggernaut, before retiring in 2014.

Seeing how wise Chenvert was in his business dealings, it is no wonder that the stock for his company rose from the boring $37 a share to the eye opening $117 a share it is today.

Waiakea Water’s Partnership with Pump Aid Makes an Impact

People across the world are becoming more aware of their impact on the environment. They are increasingly looking for ways to conserve the environment ranging from the use of eco-friendly environmental conservation methods to consumption of easily disposable plastic bottles. Bottled water has become popular globally as it is convenient and ready to use. However, Waiakea water encourages the use of eco-friendly and biodegradable water bottles to reduce adverse impact on the environment.

About Waiakea

Waiakea, a Hawaiian volcanic water supplier, supports Pump Aid, a nonprofit organization to increase access to safe and clean water in Africa. Waiakea partners with Pump Aid to install pumps in remote villages to allow locals access clean and safe drinking water. Waiakea commits to helping Pump Aid continue its important cause of increasing access to safe and clean drinking water. Waiakea uses environmentally-friendly practices to help people access safe drinking water while conserving the environment. In every 20 seconds or so, a child dies from water related issues. It could be in the form of thirst, disease, or natural calamity. Waiakea looks forward to addressing this by helping build up Pump Aid. The initiative between Pump Aid and Waiakea springs will contribute toward reducing water-related deaths. Besides, it will create better and wider access to clean, safe drinking water.

Waiakea water can be highly sating, especially when served cold. Besides, its benefits are remarkable and unending. Waiakea sources its water from the Big Island of Hawaii where it rains throughout the year. That means Waiakea has a constant flow of clean, fresh water. Again, its water contains an optimal amount of silica. Recent studies have shown that silica can reduce the risks of Alzheimer’s disease.

Ryan Emmons, aged 22, is the founder of Waiakea. He discovered something special in the Hawaiian water after spending the summers and winters with his family in Hawaii in 2012. Despite stiff competition in the beverage industry, Ryan Emmons saw an opportunity of growth. Today, Waiakea’s value stands at $10million. It has experienced 4000% growth since its inception in 2012. In the last three years, Waiakea has sold 122,400 cases up from 2,304.