Obsidian Energy Ltd On The Course Of Reclaiming Its Original Glory Under David L. French

Penn West Exploration Ltd. was founded in Alberta, Canada, close to 38 years ago. Along the way, the oil and gas drilling company changed its name to Penn West Petroleum and later to Penn West Energy Trust. Earlier this year, the company rebranded again to its current name- Obsidian Energy Ltd. The company has a strong presence in Western Canada, owning a majority of natural gas and oil wells in the region. Records show that Obsidian Energy Ltd. is among the bigwigs in the Toronto Stock Exchange with its worth estimated at $US 9.5 billion over a decade ago. Although the instability in the global oil market that was experienced three years ago greatly and negatively affected Obsidian’s annual revenue, the company was able to bounce back and is currently doing well. Records show that the company was able to settle all of its debts incurred during that period.

 

 

The Ups and Downs

Among the key factors that have seen Obsidian Energy Ltd succeed in the competitive global oil market is the strategic positioning of its wells. The study shows that Western Canada is rich in petroleum and natural gas products, particularly in Peace River, Pembina Cardium, and Alberta Viking. Going by statistics for the year 2017, the company’s oil fields have an average daily production rate of more than 30,000 barrels.

 

In 2008, formerly Penn West Energy Trust – Obsidian Energy Ltd was doing extremely well on the New York Stock Exchange. Dividends from its equities were going for up to 16% in annual rates. Its workforce, on the other hand, was of about 2350 people. It was between 2012 and 2014 that the company was hit by the reduced oil prices in the world, prompting it to reduce personnel to slightly less than 500 people. Obsidian Energy Ltd is now back on its feet and is expected to get back to its earlier financial position in coming years. Click Here for Related Information.

 

 

The CEO

David L. French is the reigning president and CEO of Obsidian Energy Ltd. He is the man who effected the rebranding of the company after taking over in October last year. Top on his to-do list is to get the company’s production levels back to the 135,000 barrels per day it used to produce several years back.

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Here’s How Obsidian Energy Has Grown To Realize Profitable Results

Obsidian Energy Limited, formerly pen west exploration, is a Canadian oil and natural gas producing company. It operates from Calgary, Alberta. The company changed its name from Pen West Limited in the year 2017. Majority of the shareholders voted in preference to changing its name from Pen West Limited to Obsidian Gas Limited. Also, the name was approved because Obsidian is a natural volcanic glass which is versatile. The versatility of this volcanic glass allows it to be honed and sharpened.

 

The company obtains its raw materials from its oil and natural gas fields situated in Alberta. This oil fields, situated along the large Canadian sedimentary basin, form one of the largest oil and petroleum reserve globally. The vital areas that boost production include Alberta Vikings, Pembina Cardium, and Peace River Oil Sands.

 

Obsidian Oil Limited is made up of different oil producers from Canada. They include Daylight resources, Bonterra, Peyto Energy, Progress Energy Trilogy, Enterra, Freehold Energy, Fairborne Energy, Zargon Energy, Vermillion Energy, Baytex Energy, Canadian Oil Sands and much more. The company changed to a conventional corporation from CONROY in the year 2011.

 

In the year 2008, Obsidian distributed high dividends to its shareholders as recorded in New York stock exchange. In the same year, it also paid a high amount of equities to its shareholders. Trust assets of this company are not taxed using the average dividend rate since they are considered to be exhaustive with time. In the year 2008, this Oil and Natural Gas Company attained optimal market capitalization with an approximate value of $9.5 billion.

 

In the year 2017, the company underwent several transformations to improve its operation strategies. They included:

  • Chartered accountants, Ernst and Young LLP, were appointed as the company auditors.
  • New directors were elected
  • Minimizing the share capital for proper accounting purposes
  • Change of name from Penn West Limited to Obsidian Energy Oil Limited. The shareholders proposed name change by majority votes.

 

Obsidian Energy also announced an impressive third quarter financial results and the upcoming budget for the year 2018. David French, the current serving chief executive officer, published the results. In his announcement, the company boasted of having had a successful operational and financial year, and they were expecting the best in the coming future.

 

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Greg Aziz Journey To A Great Billionaire

Greg Aziz is a very big name in the North American business sector. He has been the President, Chairman and the CEO of the famous National Steel Car that is based in Ontario, Canada. The organization was established back in the year 1912, but Greg took over his roles as the CEO in 1994. He birthplace is London, in Ontario in the year 1949. After high school, he enrolled at the famous Ridley College. That was the start of his career, and he worked to perfect in the industry. The great business guru later left for the Western Ontario University where he studied bachelors of science in economics. He says that his option for studying the course was the best thing he has ever done in life. He is a prominent business management and his records in the managerial positions are awesome. Greg is always passionate about success through massive motivation, passion-driven and desire to succeed.

 

Gregory James Aziz early career is a journey worth following. He was a fast learner but above all, a great business person who has always aimed for nothing else but success. In 1971, he joined family business by name Affiliated Foods. The company used to sell fresh foods at a wholesale. The company happened to be the leading importer of these foods from South and Central American markets, European and other markets. He has however been involved in the progress of these businesses through great commitment. The company had its operations based in the United States and also Canada. He later left the company and went to New York where he specialized in investment banking. This helped him organize the purchase of the now famous National Steel Car from the owners, Dofasco. The company became the leading railroad freight car company in the whole of North America. Find More Information Here.

When Gregory Aziz took on the roles of the company’s CEO, he focused on increasing capacity, team empowerment, and many other things that would help the company to succeed. By the year 1999, the company had also increased its capacity from the normal 3,500 units to 12,000 freight cars. That was after being in operation and the capacity of a CEO for only five years. Gregory J Aziz decided to invest in the welfare of the workers and also customer care. The company’s employees increased from 600 to around 3,000 which was a great indicator that the company was growing by more than 200%.

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Gregory Aziz Takes Advantage Of The Opportunities That Exist Within The Transport Sector

The transport industry is a booming market thanks to the constant need of transporting goods and people to the different region of the world. Gregory Aziz was able to identify the opportunity that existed in the transport sector very many years ago, and his investment into the industry has turned him into one of the most successful individuals in the corporate world.

 

Gregory James Aziz learnt how to identify opportunities while he was working at Affiliated Foods. Greg Aziz’s skills have made him be recognized as an individual who has the capability of successfully driving the corporate sector into the future. James Aziz’s resume outlines his achievements, and his ability to lead an organization to success. Gregory Aziz undertook a major in Economics, and this placed him in a better position to be a company leader.

 

Once he finished his schooling, Gregory J Aziz joined the family business, and he was able to understand how the corporate world works. After many years of learning, Greg Aziz was able to acquire the skills of a leader, and this led him to be appointed as the President of Affiliated Foods. In the process, Greg Aziz was able to identify the opportunity that was lingering in the transport sector, and that is when he decided to purchase the National Steel Car in 1993.

 

Previously, the organization was not performing well. However, once Gregory James Aziz took over leadership of the company, his ultimate potential came to light. The National Steel car is currently a very competitive organization because it has managed to retain the TTX SECO prize for more than nine years consecutively. The award is usually given to organization leaders who show great promise in being able to drive the economy of the United States forward.

 

James Aziz is a citizen of Ontario, and he understood what the people residing in Ontario needed. As a result, he was able to approach the market objectively, a fact that led Affiliated Foods to become one of the best fresh foods company in Canada. Not only has the organization managed to operate within the United States region, but it has also progressed, and it currently operates in different regions of the world such as Europe. Get More Info Here.

 

Acquiring the National Steel Car came as a result of the need to ensure that products can easily be transported to different regions as first as possible. While in the food industry, Gregory Aziz was able to notice that that transport sector needed streamlining to ensure that fresh food products can reach the retail shops in the shortest time possible. As a result, Gregory J Aziz saw that the only way to improve the transport sector is by fully being involved in transport matters, and for him, the best way of achieving such an objective was through purchasing the National Steel Car.

 

Gregory James Aziz At The Helm Of National Steel Car

Gregory J Aziz is the Chairman, President and Chief Executive Officer of National Steel Car. This leading manufacturer of railroad freight cars is located in Hamilton, Ontario, Canada. Greg Aziz began his journey to CEO by majoring in economics at the University of Western Ontario, at Ridley College. Upon graduating, in 1971, he joined the family business, Affiliated Foods. During his 16 years there, the company grew. It became an importer of fresh foods from around the world, Europe, South America and Central America. It distributed these foods throughout Eastern Canada and the United States.

 

In the 1980s and beginning in 1990, Greg Aziz worked in investment banking. In 1994, Aziz saw an opportunity to purchase National Steel Car from Dofasco. National Steel Car, a well-established railroad car manufacturer was founded in 1912. He was challenged by the goal of transforming the Canadian company into a modern-day company with far greater production capacity. He wanted it to be North America’s foremost railroad freight car manufacturer. Under his leadership, National Steel set about becoming known for its strong engineering, excellent quality cars and its volume production. By 1999, it went from building 3,500 cars each year to 12,000 cars. It also increased the number of its employees from 600 to 3,000 in that same time.

 

With Gregory J. Aziz at the helm, National Steel Car ranks and the top of the industry in innovation, engineering and manufacturing of steel railroad cars. National Steel Car is North America’s only railroad freight car manufacturing company certified ISO 9001:2008. It’s held this status for 18 years consistently. Since 1996, James Aziz’s company has also been given the highest quality award, TTX SECO. See More Info Here.

 

National Steel Car is dedicated to building up and maintaining its hometown. It has sponsored many local charities including the Theatre Aquarius, the Hamilton Opera, the United Way and the Salvation Army. Their employees and their children annually attend the National Steel Car Christmas Party and form the work force that drives the company’s major food drive that donates for to the local food banks. Greg and Irene Aziz sponsor the Royal Agricultural Winter Fair, Canada’s most prominent agricultural fair, which takes place for two weeks every November in Toronto.

Gregory James Aziz And His Legacy National Steel Car

nown as a proven leader in the railroad freight car manufacturing and engineering industry, Gregory James Aziz continues to steer National Steel Car in a direction of excellence. Holding the title of President and CEO of National Steel Car, Aziz has the responsibility of keeping a 100-year-old Canadian company relevant and proactively innovative. The company takes pride in its ISO 9001:2008 certification, praised by the industry because only NSC holds that certification in North America. Founded in 1912, National Steel Car was founded by six entrepreneurs to bring high-quality engineering and manufacturing together with business integrity. For almost two decades, National Steel Car has received the TTX preferred Supplier Evaluation Committee (SECO) annual award.

 

Gregory Aziz raises the level of excellence by being attentive to feedback, financial analysis reports, and the expectations of NSC stakeholders. Focus and stellar momentum are what has been nurtured by Greg Aziz as President and CEO, and he learned those revenue-producing skills while assisting in the growth of his family’s wholesale food business.

 

Born in 1949, Aziz began his life in the city of London, Ontario. After earning his degree in economics while attending the University of Western Ontario, he began to gather real-life business savvy working with his family at Affiliated Foods. Affiliated Foods expanded global distribution to U.S., Europe, Eastern Canada, Central and South America before Aziz moved on to various investment management positions in the 80’s and 90’s.

 

Greg Aziz purchased National Steel Car in 1994 and increased freight car production and number of employees which was an immediate goal of his as senior management. After physical and financial activities of determination, Gregory Aziz realized his goals. He had successfully revived National Steel Car and put it on the North American map by providing dependable, high-quality railcar engineering that is manufactured at competitive pricing points. Read More On This Page.

 

Gregory J. Aziz and his wife Irene are passionate philanthropists, with a commitment to supporting the charitable organizations of their surrounding community of Hamilton, Ontario. Theater Aquarius, The United Way, the Salvation Army and the local food banks that also provide jobs to the Hamilton area. Each Christmas season National Steel Car hosts a Christmas party for past and present employees. Gregory and Irene Aziz are also major sponsors of the famous Royal Agricultural Winter Fair in Canada.

Daniel Mark Harrison Is Changing the Business Industry

Daniel Mark Harrison is a successful businessman who lives in Asia. He is a journalist, the founder and the chief executive officer of Daniel Mark Harrison Company limited. The company was incorporated in 2015, and it is headquartered in Singapore. Daniel Mark Harrison’s company provides property developments and projects management services to investors. The company offers a variety of its services in Bangkok, Hong Kong, and Singapore. His firm has quality operations that is one of its kind. It has come up with exciting projects and has a professional management team.

Harrison also works as a managing partner at monkey capital, a Blockchain funding firm that has invested in blockchain systems. He is also a great and renowned author. In 2015, he published his books including; The Millennial Reincarnations and Butterflies, Metamorphosis tales. Millennial Reincarnations was ranked top position in Amazon bestseller books.

Harrison prides himself in scholarly achievements. His education journey started at Lancing College before studying theology at Oxford University. He, later on, did his undergraduate studies at BI Norwegian Business School. Additionally,he did his master’s degree in journalism at New York University.

As an innovator, he has created business solutions for entrepreneurs globally. He has made a great impact in the business industry, and it easier for others to invest.

His wisdom and knowledge in business and finance have made him a substantial contributor to Coin speaker. He has shared various articles for different types of prints in web publications, Forbes, The Street.com and online dailies such as Portfolio magazine and the Daily Dot. He has also featured in the business news such as Bloomberg, CNN, and Reuters. With an interest to focus and explore independently minded concepts, he developed the factory banking which is currently used for configurations model used in transactions and the internet of things economy. Harrison is currently working to improve the market evaluating models. Harrison writes for coin speaker, and he has written stories such as the end of Coin Desks proxy index. The other articles include how Bitcoin holdings already spent. He has served at different business companies with different capacitieshttps://www.coinspeaker.com/author/daniel-harrison/

Lawyer and Corporate Integrity Manager, Bruno Fagali

Bruno Jorge Fagali is one of the rising Brazilian lawyers. These are the lawyers expected to steer the future legal systems in Brazil. He is highly experienced having worked in the legal sector since 2009. Bruno possesses deep knowledge and understanding of the administrative law which has put him on a high pedestal as a lawyer. Bruno Fagali has made a reputation for himself as a lawyer who understands his job and always represents his clients to the best of his abilities.

Since completing his degree in law, Bruno has worked for various law firms. He has been able to practice different disciplines of law in the law firms he has passed through. Today Bruno Fagali has his own law firm known as Fagali Law Firm. He also serves as the Corporate Integrity Manager of Nova/SB. Nova/SB is a leading advertising agency in Brazil. Bruno was appointed to this role due to his spirited fight against corruption in the country’s public sector.

Nova/SB is an agency that signs numerous contracts with government departments every financial year. With corruption in the government being a concern for the public, Nova/SB has taken the extraordinary measure of ensuring any deal they strike with any government department is up to the integrity standards expected.

At Nova/SB, he is tasked with the role of developing an integrity program that ensures that all transactions happening in the agency are in line with the anti-corruption law. He also has the responsibility of ensuring that there is compliance with the program in the areas of Sao Paulo and Rio de Janeiro.

Bruno Fagali has a Masters in administrative law, state law, and anti-corruption law. Since starting his law firm he has been receiving an influx of cases that need his expertise. His career seems to be on an upward trajectory.https://br.linkedin.com/in/bruno-fagali

Gregory Aziz Loves the Arts

For all the time that Gregory Aziz has been overseeing National Steel Car, there has been a jump in employment availability. This may be one of the most important things to come out of his management, since employment is very critical in people’s lives. When people don’t have jobs, their quality of life becomes worse. People suffer, physically and emotionally, on so many different levels when they are unemployed. When so many people are desperate and unemployed, society suffers. People are more likely to be off balanced and do destructive things, either to earn money or just because their negative feelings drive them to do certain things. All of a sudden, in a society where people are jobless, people who are innocent start to suffer from the actions of people who are more desperate and/or willing to do destructive things. These destructive things can be anything. It is very disparaging to have no job. The fact that Greg Aziz created more work for people in the community is a fact to be highly cherished.

 

 

However, it isn’t only the workers that are benefiting from the management of Greg Aziz; it is also the impoverished souls who live in the community outside of National Steel Car. Gregory Aziz takes a conscious effort to use the power of National Steel Car to help those in the community who are not in the best of times. A drive for aliments is run during the cheery Christmas season. The people who take part in this are coworkers.

 

From this drive, the good thing isn’t just the fact that poor people are being fed—it’s the fact that coworkers are being brought together for a common, virtuous cause outside of their workplaces. The food goes to local food banks in Hamilton.

 

Gregory J. Aziz also philanthropically sponsors organizations such as Theatre Aquarius, the Salvation Army and Hamilton Opera. It is quite obvious that Greg Aziz greatly loves the arts and is ready and willing to preserve them. Go To This Page for more information

 

 

Greg Aziz also supports agriculture and those who are involved in agriculture by supporting the Royal Agricultural Winter Fair. The Royal Agricultural Winter Fair is an exciting event where people from every type of agriculture come together to compete with each other in shows and competitions. In the Royal Agricultural Winter Fair, there are cheese people, animal people, vegetable people and wine people. You will see everything from goats and cows to fine wines there.

 

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National Steel Car Stamps its Authority as the Best Manufacturer and Supplier of Railroad freight and Tank Cars Under the Keen Watch of Greg James Aziz

National Steel Car has cemented a positive reputation in North America for being the leading and rapidly growing manufacturers of advanced railcars. The company boasts more than a century of commitment to top-notch quality, excellence in engineering, and production. The foundation of this manufacturing heavyweight is its people. The firm treasures the contributions of each of its stakeholders towards success. Due to the role played by the management, employees, investors, clients, and investors, National Steel Car is currently unique, diverse, vibrant, and driven by values.

 

National Steel Car engages in activities and projects that aim to raise its bar. It remains committed to its goals and operates based on its core values. Thus, this company is recognized and trusted by its clients to manufacture sophisticated railcars with considerably higher on-time delivery performance. After receiving the ISO 9001:2008 certification, National Steel Car became the most trusted manufacturer of high-quality rolling stock. The firm has taken home the high-status TTX SECO award for over ten years in a row.

 

Brief history

 

Dofasco purchased National Steel Car in 1962. However, it started giving up control of this manufacturing business in 1990. In 1994, Dofasco resolved to sell the firm to Hamilton Corporation National Industries, which is owned and managed by CEO Greg Aziz. Six years later, Gregory J Aziz had transformed this manufacturing giant from a 500-person to a 3000-person entity. Its production capacity rose from 3,500 railcars to nearly 13,000 railcars. Currently, National Steel Car develops and distributes a wide array of rolling stock to clients based in Canada and America. Most of its customers are commercial rail operators and railway operators. Since the 1960s, it has concentrated on producing freight cars such as tank car, coil car, gondola car, intermodal cars, and hopper car.

 

Gregory J Aziz

 

CEO James Aziz is in charge of the daily management of National Steel Car. He acquired this firm in 1994 and took up the CEO post. He values the hard work and contributions of every person he has worked with since he took over the leadership of National Steel Car. See This Article for additional information

 

Gregory Aziz pursued his higher education at the University of Western Ontario. His maiden job was at the Affiliated Foods, a leading wholesale food business owned by his family. He also has an extensive experience of working as an investment banker in several prominent firms in New York.