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Newly Named Obsidian Energy Looks Toward The Future

Obsidian Energy is an oil and gas producer with a high number of quality assets that help them produce thousands of boe per day.

 

Obsidian Energy was formerly known as Penn West Petroleum, and they announced earlier during the year that the company shareholders agreed to change the company name. At that same meeting, Penn West Petroleum announced that their stock symbol will be changed to OBE on the Toronto Stock Exchange, as well as the New York Stock Exchange. See This Page for More Info.

 

David French, The President and Chief Executive Officer of Obsidian Energy, believes that the future is bright. French believes that the name change is the next step in the company’s evolution. Obsidian Energy will emphasize a never-ending pursuit of innovation and progress, responsible decision making to help build the company, and full transparency with company shareholders, business partners, and the community that they serve. French says that Obsidian Energy will make an impact because it has great assets, a unique hedging strategy, and a balance sheet that will help the company reach their goals regardless of the environment.

 

Alberta Viking

 

Obsidian Energy relies on Viking products for their infrastructure. They have ownership over the entire Esther area. Alberta Viking has a combination of gas and light oil with quick cycle wells. This allows for lengthy cycle activities.

 

Peace River

 

Obsidian Energy and The China Investment Corporation collaborated to announce The Peace River Operated Partnership. The companies will use the available oil resources to establish cold flow production. The partnership has built up many years of inventory due to successful economics.

 

Cardium

 

The Cardium is an important part of Obsidian’s success. Obsidian Energy uses an integrated water flood strategy to keep reservoir pressure that reduces the decline rates on new wells. The Cardium has used water floods to increase recovery rates, as well as production.

 

More on: http://boereport.com/2017/06/26/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders/

Gregory Aziz Benefits The Whole Society Through Corporate Investment

The car manufacturing industry is one that requires enormous amounts of financial investment. The situation is caused by the exceedingly high cost of raw materials that are typically associated with the input that goes into the process of manufacturing automobiles. Additionally, significant levels of competition commonly exist within the industry due to the need for product customization. Therefore, to gain from the car industry manufacture process, an investor needs input a considerable amount of finance. LIKE HIM ON Facebook.

Greg James Aziz has managed to prove that nothing is impossible provided one has the right mindset. The President and Chief Executive Officer of National Steel Car has played an enormous role in ensuring that high-end products can be availed to the continually growing number of potential clients. Transportation is essential as it enables people to move between different locations, and just like food, transport facilities are always needed in the society.

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Greg Aziz was able to spot the promise within the transport market since the food industry required that products be availed to specific locations as fast as possible. When the opportunity presented itself, Gregory J Aziz fully embraced it, and he went ahead to purchase the National Steel Car. The move was very bold, and James Aziz viewed this an opportunity to revolutionize the transport industry entirely.

Aziz’s rise to success is associated with working in different companies within the banking sector. After majoring in economics at the University of Western Ontario, Greg Aziz played a crucial role in leading different banking institutions within New York to take advantage of the economic opportunities that existed in the economy. In the process, he was able to sharpen his skills, and afterward, he managed to acquire the National Steel Car. Click Here For Related Article.

 

Gregory James Aziz has managed to achieve his dream of owning the best performing engineering and railroad manufacturing company in North America. At the moment, the enterprise produces about 12,000 cars in a single year, and this is as a result of efforts being directed towards improving the engineering methods that were previously used in the organization.

 

There has been much emphasis on team development and investing in the human resource aspect of National Steel Car. The firm has not only profited itself, but it has ensured that many inhabitants of the North American region can access adequate income. The number of employees in the company has gone high by more than 2300 personnel. Gregory James Aziz is not only investing to better himself, but he is also struggling to ensure that general society can be able to benefit from engaging in the manufacturing process.

Obsidian Energy

*An in depth look at Obsidian Energy:

 

Obsidian Energy is a gas and oil production organization. Obsidian Energy is headquartered in Calgary Alberta. The company is currently listed on the Toronto Stock Exchange. Obsidian Energy obtains most of their gas and oil from the Canadian Basin. The Canadian Basin is an area in which several oil and gas establishments are located.

 

Obsidian Energy was previously operating under the name of Penn West Petroleum. Following a company merger in early 2017, Penn West changed its name to Obsidian Energy. The Company is now a publicly traded organization.

 

*CEO/ Corporate Officers:

 

David French is currently the Ceo of Obsidian Energy. Mr. French has been with the organization for a period of two years. He has extensive experience with business development matters. In addition, David French has the ability to identify and meet the needs of each client.

 

*Educational Background/ David French:

 

David French graduated from Rice University with a Bachelor degree in Business Administration. In addition, He obtained his MBA from Harvard University.

 

Baytex Energy Company is one of Obsidian Energy’s oil and gas producers. In addition, Obsidian Energy has affiliations with Point Energy Company. The organization has experienced exceptional growth since David French assumed the position as CEO of Obsidian Energy. The company also reached Peak Market Capitalization which helped Obsidian Energy to become a more recognized oil and gas production company not only in Alberta but in other parts of the world.

 

Investors seemed to take an interest once the merger between Obsidian Energy and Penn West was completed. It seems that stocks related to Obsidian Energy payed high dividend returns. Read This Article to learn more.

 

For additional information about this organization please view www.obsidianenergy.com. The company web site is quite informational and is updated on a regular basis. Any new company information as well as corporate governance issues can be found on the Obsidian Energy web site.

 

More: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

Gregory Aziz: The journey towards National Steel Car

Gregory J Aziz is chairman, president and Chief Executive Officer of National Steel Car; which is among the world’s top railroad freight vehicle engineering and fabrication companies in Hamilton, Ontario.

 

Gregory J Aziz was born in April 1949 at London Ontario. He got his education from Ridley College before doing an Economics major at the University of Western Ontario. His hard work and passion was evident when he joined the family wholesale food venture, Affiliated Foods. He joined the company in 1971 and it grew consistently in the 16 years he was a part of it to become a fresh food importer worldwide from Europe, South and Central America. The company has distribution to the major wholesale markets specializing in fresh food across Eastern Canada and the US.

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In the late 1980s and early 1990s, Greg Aziz worked on several banking investment opportunities in New York. From that success, he organized the acquisition of National Steel Car in 1994 from Dofasco. Greg James Aziz had one vision; to transform the Canadian company that once been great into the top railroad freight and car manufacturer in North America. Read This Page to learn more.

Greg Aziz emphasized on National Steel Car’s exceptional engineering capabilities and team building. He took the risk and made both capital and human investment. The company made great leaps in expansion. Their manufacturing capability moved from 3500 cars per annum to 12000 cars by 1999. Here, employment in that same period amassed as well from 600 to close to 3000.

 

Getting to the point where the company is today taking a continuous search for manufacturing and engineering expertise. National Steel Car is at the forefront of leading the market in car innovation. The company builds thousands of brand-new railroad freight cars annually. The company has consistently received the TTX SECO highest quality award from 1996. North America has had one railroad and freight car, manufacturing and engineering company and that’s National Steel car.

 

National Steel Car has always given back to Hamilton community by sponsoring the Hamilton Opera, Theatre Aquarius, Salvation Army among other numerous charities. Every year they throw a Christmas party where thousands of employees and their kids make it a point to attend and be part of the company’s huge food drive to local companies.

 

Greg and Irene his wife are sponsors of Canada’s most profound agricultural fair; Royal Agricultural Winter fair.

Penn West Restructures And Changes Name To Obsidian Energy

On June 26th, 2017, Penn West Petroleum Limited turned on a new leaf by formally changing its name to Obsidian Energy. This move came after 92 percent of the shareholders voted in favor of the same. The change of name for the oil and natural gas production company based in Calgary, Alberta, didn’t just happen. The shift comes after the company survived a commodity price crash, four years of high debts and an accounting scandal which resulted in operational and financial difficulties. These necessitated a change to give the company a new face.

 

In July 2014, Chief Financial Officer David Dyck discovered irregularities at Penn West and reported that nearly $300 million in expenses had been miss-classified. The error forced the company to restate its financial reports for 2012, 2013 and the first months of 2014. As a result, there were class-action lawsuits in the United States and accounting irregularity related lawsuits in Canada.

 

Obsidian embarked on asset sales after the scandal, which helped to reduce the net debt from three billion dollars to $384 million. Starting late 2012 to June 2014, the company had reduced its workforce by almost 50 percent. In a bid to cut further on expenses, Penn West also decreased its employees from 1,415 to 407 at the end of 2016. Its production was reduced from 135, 000 barrels to 28, 000. There was a suspension of dividends payment and compensation for the board of directors cut. Refer to This Page.

 

Obsidian Energy has its oil and gas fields in Alberta in a region known as one of the largest petroleum reserves in the globe. Its three main areas of production are Alberta Viking, Peace River oil sands, and the Pembina Cardium. The intermediate-sized oil and gas production company now has a well- balanced portfolio with an estimated production of 30,000 barrel of oil equivalent per day (BOE/D).

 

As currently constituted, the organization is now leaner and has resolved to be accountable to its partners, the shareholders, and the communities in which it is based. It plans to pursue growth within the next three years through a modest budget that is commensurate with the price of gas and oil.

 

See: 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&

An Overview Of Gregory James Aziz and His Achievements

Gregory J Aziz is the CEO, president, and chairman of National Steel Car. The company is based in Hamilton, Ontario and is renowned internationally as a leader in the manufacture of railroad freight cars. Aziz earned his first degree, in economics, at the University of Western Ontario. In 1971, he got a job at the family owned Affiliated Foods. Almost two decades later, the company had become a worldwide importer of major wholesale fresh food markets throughout Eastern Canada, Europe, and the United States.

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Early career

From the late 80’s to early 90’s, Greg Aziz was looking at investment banking opportunities in New York. He managed to purchase National Steel Car in 1994. His goal was to create a global leader in freight car manufacturing using the formally great Canadian company. Gregory James Aziz emphasized strong team building and engineering capabilities at National Steel car. By 1999, he had increased annual production to 12,000 cars up from 3,500 cars, and hired 2,400 workers. The company’s manufacturing excellence, engineering, and innovation led to its getting the vote for highest quality railroad cars in North America for 18 years in a row.

Community development and philanthropy

James Aziz is committed to the Hamilton, Ontario community. As the company’s fortunes improved, he has generously given to the community. For example, National Steel Car is responsible for sponsoring a variety of charitable and social organizations. They include the United Way, Salvation Army, Theatre Aquarius, Hamilton Opera, and many other local charities. Every year there is a Christmas party for past and current employees of National Steel Car. The employees take part in major food drives for food banks which are organized by the company.

 

Gregory J. Aziz and his wife, Irene, are sponsors of Royal Agricultural Winter Fair. It is known as the most prominent Canadian agricultural fair. For more than two decades Greg Aziz has strived to transform National Steel Car into a company known for producing the most innovative, highest quality railroad freight car in North America. The company’s and Aziz’s success is a direct result of his attention to detail, understanding of business administration, and his vision. He is currently one of Ontario’s most successful business executives as a result of his commitment to the community, his company, and his staff. Check Out This Article.

New Obsidian Energy Company; A New Chapter for Canadian Petroleum Industry

Perhaps only one thing has been certain in the petroleum industry in recent years: That things will change. A decade of volatile markets, the rise of alternative energy sources, competition and a number of other global factors continue to transform the very fabric of the world’s energy sector.

 

Rising out of the ashes of a constantly shifting landscape is Obsidian Energy Ltd. of Calgary, Alberta. The company was formerly Penn West Exploration Ltd. Restructuring and resizing of the company resulted in the name change which went into effect June 2017.

 

Obsidian’s Energy owns assets in Alberta along the Western Canadian Sedimentary basin where some of the largest known petroleum reserves are located. Developing these resources is expected to put Obsidian Energy on track to produce about 31,000 bbl. per day.

 

Industry analyst say that Obsidian Energy is a company that has reacted to a changing energy sector not just by downsizing, but by transforming itself from the ground up. Today Obsidian stands as a strong, leaner company with a nimbler corporate culture and increased ability to react to shifting world demand for energy.

 

That’s part of the reason the new company chose to put “Obsidian” in its name. Obsidian Energy CEO David French explained that obsidian is a form of volcanic glass that can be “shaped, sharpened and honed” to meet specific needs. See This Page for More Info.

 

Mr. French joined Obsidian Energy in October of 2016. He is the former President and CEO of Bankers Petroleum Ltd., also a Calgary-based company. He is joined at Obsidian by David Hendry who will serves as chief financial officer and Tony Berthelet, Vice President of Development & Operations. The team is rounded out by Andrew Sweerts, Vice President, Production & Technical Services and Mark Hodgson, Vice President, Business Development & Commercial.

 

In addition to producing positive returns for shareholders, the new Obsidian Energy philosophy displays a strong push toward responsible environmental operation. The company will extract and process petroleum in the Western Canada region leaving behind the smallest footprint possible – including superior site abandonment and reclamation practices.

 

Obsidian Energy looks forward to a bright future in energy development.

The Canadian Pride, National Steel Car, Under Gregory Aziz

National Steel Car is a Canadian company that manufactures and engineers railroad freight cars. It is the leading freighter company in North America. The company has had over 100 years of providing quality services to the people of Hamilton, where its headquarters is situated. However, since its formation, it has expanded its areas of reach to the rest of the world. Currently, National Steel Car is one of the leading freight car engineering companies around the globe.

 

The success and prominence of National Steel Car are credited to its CEO and president, Gregory Aziz. James Aziz purchased National Steel Car from Dofasco in 1994 and has led and managed it expertly, knowing what the company needed and ensuring that its production rate rose each year.

 

1Greg Aziz influence on NSC was first seen in 1996 when the company won the TTX SECO award. The annual award became the company’s pride for more than ten years, as it won it consistently year after another. In 1999, NSC had made a record of its own by increasing the employment rate tremendously.

 

This consequently led to the increase in the production rate, by more than four times. These changes deserved an award, and NSC got the ISO Certification, 9001:2008. The company set another fantastic record for itself by being the first railcar company in North America to be certified ISO.

 

Gregory James Aziz was born in April 1949 in Ontario. He went to both Ridley College and the University of Western Ontario. Greg Aziz majored in economics while at the University of Western Ontario. He worked with Affiliated Foods in 1971 after his time at the university.

 

Between the late 1980s and early 1990s, Gregory J Aziz was in New York where he pursued investment banking. This, he was able to work with because of his educational background in Economics. Greg then became the CEO of National Steel Car in 1994.

 

His management has seen great changes to the company. It not only manufactures freight cars but also serves and supports the people of Hamilton and beyond. National Steel Car funds activities and charitable organizations in Canada. The company also employs a lot of workers each year. NSC holds a Christmas party every year, to celebrate its achievements and bring people together. The invites are normally both current and former employees. Greg Aziz is married to Irene, and they reside in Ontario. Greg James Aziz and his wife fund fairs and activities in Canada. Go Here To Learn More.

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Daniel Mark Harrison of Monkey Capital

Daniel Mark Harrison is a writer, a media expert, and a prominent businessman. He is the chairman and the CEO of his establishment, Daniel Mark Harrison Co.The firm is a family establishment with investments in Singapore, Bangkok, and Hong Kong. He is the owner of the family office where he manages and looks after assets that belong to them. Harrison offers advice and helps in the growth of the assets belonging to the family and his own.

At Blockchain funding company called Monkey Capital, he is the managing partner who has invested in the large enterprise, SpaceX. The supply contracts Money Capital has had an impact that has been felt in the market. Harrison has offered the best services to clients with quality operations and projects that are attractive. The people that control the firm are experts who do not take things for granted but are perfect analyzers. In the long run, maximum benefits are reaped.

Monkey Capital is recognized as having even more than five stars according to Chris Waltzek, a radio host. Chris is a noticeable host who has also interviewed tycoons like George Soros and Jim Rodgers.

Huffington Post said that Monkey Capital had excited the market with a thud. Their ICO is large, and senior writer Azeem Khan has announced that they are going to raise billions of dollars and more. Daniel Mark Harrison said that his management team was able to divide COEVAL signs to interested clients.

Harrison’s ambition is to make history by coming up with crowdfunding options, and that needs brilliant initiatives and will make breakthroughs. As a publisher and author, he has written “Butterflies: The Strange Metamorphosis of Fact & Fiction in Today’s World.” The publication defines the results of millennials’ attitudes towards many issues.

In the sector of Journalism, Daniel Mark Harrison was featured in The Wall Street Journal, Forbes, The Street.com, The Daily Dot and much more. He is also involved in business discussions in CNN, Reuters, and Bloomberg because of his hands on expertise in the field. His excellence in school is also evident, and this has made him fit in many areas that are very hard to combine. In short, he is a smart individual.https://thebrotalk.com/bro-bio/writing-career-daniel-mark-harrison/

 

Daniel Taub talks of silent cooperation in the Middle East

Daniel Taub has been the Israeli ambassador to the United Kingdom for four years between 2011 and 2015. This was an interesting appointment given that Daniel Taub was born in the United Kingdom before he moved to Israeli and gained its citizenship.

During the tenure of Daniel Taub, the country he was representing was embroiled in various conflicts with terror groups and other countries in the region. The ISIS group was taking shape in the neighboring country Syria. There were also conflicts between the country and Iran regarding the topic of nuclear weapons.

In the midst of all these crises, the relations between United Kingdom and Israeli remained strong due to the efforts of Daniel Taub who took time to address the situation in the region to London.

Although there were many challenges in the region, Daniel Taub took a positive stance on the matter. To him, it was important that the world focused on the positive happenings in the region and used them as a recipe for pushing the peace anthem. Learn more about Daniel Taub: https://www.bloomberg.com/authors/AC5IR9iOgJI/daniel-taub

According to Daniel Taub, there is a positive example that needs to be looked at with keen eyes. He says that Israeli has been able to maintain peace agreements with some of its partners in the region. He gives the example of Egypt and Jordan.

The peace agreements with these countries have stood the test of time. Even during times of turbulence, the parties have always taken the position of the agreements. This has created a sense of cooperation between these countries and Israel.

He also points at another positive occurrence in the Middle East region. There is quiet cooperation between various countries in the region such as Egypt, Jordan, Saudi Arabia and the Gulf States. Although these countries do not have any existing agreement, they all seem to have common interests with those of Israeli. Read more: Daniel Taub | About and  Daniel Taub | LinkedIn

Daniel Taub says that this situation creates an opportunity for the region to have common goals and work on a way of coming together and moving the region forward away from the ever unending conflicts. He continues to add that; there are a number of countries in the region which continue to have a quiet partnership with Israel. According to Taub, there should be more of this cooperation extending to all countries in the region.

About Daniel Taub

Daniel Taub is an international attorney who has worked as peace ambassador in various conflicts in which Israel has been involved. He was the lead negotiator in the Israeli-Palestine conflicts.

Daniel Taub moved to Israel in 1989. He is also a staunch Jewish believer, a writer, and a philanthropist.