Obsidian Energy Now Bigger and Better

The Obsidian Energy Company is a Canadian oil and Natural Gas Company located in Calgary, Alberta a region which is one of the largest petroleum reserves. It was formally known as the Penn West Exploration Ltd. The choice of the name got inspired by the nature of the obsidian. It’s a volcanic glass that typically forms and can be easily fashioned and honed. This choice got a ninety-two percent approval from the shareholders. The Pembina Cardium, Alberta Viking, and the Peace River Oil Sands are the primary production area, with an average of about thirty-one thousand barrels of oil per day, of the total production in 2017.

 

The name change that enforced on 26th of June 2017 from Penn West Exploration Ltd,  marked a new chapter in the annals of the corporation and the launch of the company’s guiding principles: excellence in industrial and financial decision making; innovation and pursuance of advancement; accountability and transparency with the bondholders, associates, and the immediate population. It has influenced every phase of the company’s business, redefining it and making it rise higher, leaner and more competent than ever.

 

The company is suitably positioned, endowed with the fitting assets, and proper accounts that make it possible for it to thrive even in the unproductive environments. Under the management of its new Chief Executive Officer, David French, Obsidian Energy has embarked on pursuing growth in the coming years and making the adjustment in the budgets where need be as well as regulating the oil and gas price. They aim at providing the right staging to deliver exceptional returns that will ensure not just the survival but also success as the industry keep of evolving.

 

Obsidian Energy has managed to reduce its net debt to three hundred and eighty-four million dollars compared to the three million dollars in 2013 by the selling assets, reducing the number of its employees and cutting on its production. The lawsuits against the company by the relevant investors got resolved as of last year. Additionally, Obsidian has also restructured to give intense focus to some four key production areas to ensure maximum production gets realized.

 

Go To This Page for more information.

Canada’s Obsidian Energy Upbeat About Strong Third Quarter Results

Top officials at Canada’s Obsidian Energy are reporting extremely positive results in its 2017 third quarter company report. Obsidian is an intermediate-sized gas and oil energy producer based in Calgary, Alberta.

 

Obsidian Energy CEO David French spoke in glowing terms about the production value of new wells sunk in an area known as the Deep Basin, a vast region comprising more than three million acres of land on the eastern side of the Rocky Mountains in Western Canada.

 

Obsidian only recently made its first foray into the Deep Basin — already the location of many other wells and assets owned by a variety of players in the energy industry. Obsidian Energy has worked hard to establish significant Deep Basin assets and is pleased with results so far.

 

Company officials say it has established three “Mannville Wells” which are currently producing a combined 2,000 barrels per day, and these have the added value of a robust liquid rate of 60 barrels of oil equivalent per million cubic feet. This value was far greater than predicted for the wells and will have a positive effect on cost-benefit ratios.

 

Other Obsidian Energy projects are also showing remarkable performance and promise. These include working sites in Cardium, Alberta Viking, and Peace River. With the help of these wells, Obsidian officials predict 2017 production will come in at the “high end’ of the 31,500 goal it set for the year.

 

Obsidian forecasts a 5% production growth rate for 2018 while limiting investment to 80% of “Fund Flow” operations. Of course, the better commodity prices play out, the more attractive the numbers get, but even if prices remain relatively stable at current levels, the outlook is excellent for 2018. Get More Information Here.

 

The Obsidian Board has established a $135 million budget for 2018 based on the assets of the company’s portfolio. Obsidian is determined to implement maximum efficiency in terms of production, methods and practices so that maximum gain is garnered from all operations.

 

The bottom line is that Obsidian Energy third quarter numbers has the remainder of 2017 and 2018 looking bright for this scrappy, highly competitive energy company.

 

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

Daniel Taub- former Israeli diplomat with a great legacy

Daniel Taub is famous in the world for his magnificent role in the office of the ambassador of Israel to the United Kingdom. He is the man behind the recently strengthened cooperation between Israel and the United Kingdom. Daniel Taub was appointed to the office of the ambassador in 2011. He would serve for four years. He resigned from office in 2015. For the duration, his achievements were tremendous. Daniel Taub is a trained lawyer in international law. He specializes specifically in counterterrorism law and other laws of war. His experience in this field has earned him a number of accolades that have seen him represent his country in high delegation meetings.

 

 

Daniel Taub has never shied from representing his country. He has been to various positions of leadership in the legal and diplomatic missions. Daniel Taub has been the legal advisor on behave of the ministry of foreign affairs to the Israeli mission in the United Nation offices of Geneva and New York. Daniel Taub has also represented his country in other positions of leadership that include being an adviser in the ministry of foreign affairs. Currently, Daniel Taub has resigned from his role in the diplomacy field. He is a director in a foundation found in Jerusalem known as Yad Hanadiv Foundation.

 

 

Daniel Taub is originally from the United Kingdom. His early life was spent England. He moved to Israel as an adult in 1989. Ever since he moved to Israel, he has been very vocal about the state of affairs in the Middle East. He has been keen to explain to the world the measures that his country has been taking to guarantee peaceful coexistence of the people of the region. Daniel Taub used his position as the ambassador to the United Kingdom to explain to the world positive things that are happening in the region.

 

 

Daniel Taub says that its time the world shifted its concentration to positive issues that happen in the region. He talks of treaties that have been signed between Israel and other countries such as Egypt and Jordan. These treaties are intact after even after many years of conflicts in the region. Daniel Taub shows that the conflict in the region has nothing to do with Israel. Israel is ever ready to embrace peace. Daniel Taub says that the Middle East is likely to achieve more success in the future if it stays focused on creating common interests for the countries in the region. There is already quiet cooperation between a number of countries in the region. This has been prompted by common alignment of interests among these countries.

 

Visit http://www.daniel-taub.co.il/ to learn more.

 

Gregory Aziz: The Visionary of North American Railcar Industry

Gregory James Aziz is known as the visionary of the North American railcar industry due to a number of factors. He is the Chairman and Chief Executive of the largest player in the industry, National Steel Car. Greg Aziz helped the firm in innovation and professional excellence that made widespread changes in the whole industry and innovation stamped on all the players in the railcar sector. Though National Steel Car was a prominent player once, it lost the top spot in the later years, but Aziz brought the freight car maker to the pole position in a quick span of time through his inspirational leadership.

 

James Aziz is also known for all the technology, safety, and business strategy initiatives in the industry. For instance, he was the biggest proponent of next-generation safety initiatives in the industry for decades. This is the reason when there was an adoption of North American harmonized regulations by the governments of Canada and the United States, Gregory James Aziz immediately welcomed and confirmed that stronger and safer freight cars are needed for transporting various chemicals and inflammable liquids. He also confirmed that the esteemed customer base of National Steel Car needed clarity on the matter, and the regulation helped them to understand and changing needs.

 

Interestingly, Gregory James Aziz had already started his works to lay the next generation railcar safety options by 2014 itself. With the mission, National Steel Car hired nearly 1,000 professionals and ramped up investments in plant equipment. The results in the later years showed that the investment stroke gold for the company. It increased safety and productivity of the firm and helped the business to contribute better environmental footprint for the continent. Interestingly, the move also helped the firm to grab customer appreciation, as a significant number of its customers were demanding rail tank cars with highest safety solutions. The company started producing the tank cars with the latest safety regulations by the end of 2015 when it was still in papers for the government and other players in the industry. Read More On This Page.

 

Greg Aziz was born in Ontario in the year 1949 and completed his education from the University of Western Ontario. He started with family food business and expanded its sales as well as inventory network to capture new markets. In 1994, Greg acquired the freight car maker and made the firm the industry leader within five years. He ensured that the business is coming with the best quality railcars in the industry. Currently, the firm is an ISO 9001:2008 company – the highest quality certification in the industry.

More on: http://ca.viadeo.com/en/profile/greg.aziz

How Gregory Aziz Changed the Steel Car Industry

Even when National Steel Car was in its prime time, it did not perform as well as what it currently is performing. There were many ways for companies to make a difference in the rail industry. Instead of Gregory Aziz trying to do the same things as other companies, he chose to go his own way. It helped him make the right choices for National Steel Car and is the exact reason he knew what he would be capable of doing when he was running the company in a better way. It also allowed him the chance to make sure his company was successful.

 

Even though James Aziz had been a business person for years, he did not have any type of experience as someone who was able to work in the rail industry. For this reason, purchasing National Steel Car was a huge risk for Gregory Aziz. He knew it would be worth it, though, because he was going to use his business skills to improve the company. Without his help, National Steel Car would have failed, and it would have been a company that most people were unable to recognize because of the complete failure.

 

When Gregory J Aziz first purchased National Steel Car, there was a lot of work he had to do. He had to make sure the company was going to survive the tumultuous time they were going through. He took the steps necessary to prepare the company for the changes and started working on how he was going to improve it in the future. By taking his time and taking the appropriate steps, Gregory Aziz was prepared to have a successful company in the future. Part of what he was doing would give him the opportunity to make money from the company.

 

National Steel Car grew under Greg Aziz. He knew just what he needed to do to make the company profitable. He worked hard to come up with ideas to show people they could use National Steel Car. He made valuable connections with other companies, so they would continue using National Steel Car. In addition, Greg Aziz secured the company, so it would not have to deal with an almost-failure again in the future. The company received TTX SECO award for quality, for over a decade. ISO have recognized the growth of the company awarding it the ISO 9001:2008 certification. Gregory Aziz knew that by doing this he was giving the company a chance at success but also himself a chance at success through the steel car relationships he was building.

Read More On This Page.

Hurricane Harvey Victims to Benefit from U.S. Money Reserve

On November 20, 2017, U.S. Money reserve alongside Austin Disaster Relief Network (ADRN) raised a total of $219,622 to assist the victims of Hurricane Harvey that occurred a few months ago. In September, the Austin Disaster Relief Network and U.S. reserve came together to push back against the destructions made by the unprecedented hurricane that caused a mass destruction of property and loss of human lives in Texas and its environs. Angela Koch, the CEO of U.S. Money Reserve said that it was felt as the duty of the organization to provide both financial and emotional help to the victims of the Hurricane Harvey. The CEO went ahead to mention that the hurricane might have majorly affected the Texans, but the US as a nation is gravely affected by the calamity.

 

Hurricane Harvey

 

On August 25, 2017, the category-four Hurricane that hit Texas was named Hurricane Harvey. Harvey made three different landings within six days, causing a heavy downpour in the first twenty-four hours in Texas. The rainfall was because the Hurricane was fabricated by a slow-moving storm. Hurricane Harvey caused the immense destruction of property and loss of lives, so there was the need to accord support to the victimised. There was a high financial demand by the U.S. Money Reserve to supply some help to the Hurricane Victims.

 

About U.S. Money Reserve

 

U.S. Money Reserve is the largest private firm in the US that distributes government-issued gold, silver and platinum items. Since 2001, the company has grown tremendously and become the world’s largest private supplier of gold, silver and platinum products. Hundreds of thousands of clients rely on the services rendered by U.S. Money Reserve to acquaint their firms with high-quality physical precious metals. U.S. Money reserve distributes the metal items in the form of U.S. Gold and Silver Products. The company does a thorough market research to come up with the high-quality products for their precious gold and silver metal buyers. For more than fifteen years in the market, the company has gained an unprecedented level of trust among clients by ensuring quality in all services and products that they offer, thereby cutting it the great reputation that it enjoys in the industry.

 

Together with Austin Disaster Relief Network, U.S. Money Reserve was able to ensure that the Hurricane victims were provided with all kinds of assistance that they were in need of. Though the financial need to accomplish the mission was relatively high, the two organizations managed to raise it for the sake of the Texans who were facing the deepest fury of the Hurricane Harvey. Learn more: https://www.usmoneyreserve.com/blog/

 

 

Penn West Petroleum Ltd. Renamed Obsidian Energy

Obsidian Energy is a Canadian oil and natural gas producer with a daily production capacity of about 30,000 BOE. The company’s head offices are in Calgary, Alberta. The company was previously known as Penn West Petroleum Ltd. until June 2017 when the shareholders agreed on the change of name to Obsidian Energy.

 

Management

 

The company is headed by David L. French who acts as the president and CEO. French previously worked at Bankers Petroleum Ltd. as the president and CEO. David Hendry is the company’s chief financial officer while Tony Berthelet serves as the vice president, development and operations. Andrew Sweertsis the firm’s vice president, production and technical services, while Mark Hodgson serves as the vice president, business development and commercial respectively.

 

Penn West Shareholders Agree on Change of Name to Obsidian Energy

 

On June 25, 2017, 92 percent of Penn West shareholders voted for the adoption of Obsidian Energy as the new company name. According to the company’s CEO Dave French, the name obsidian was considered because of the volcanic glass’s capacity to be “sharpened and honed.”

 

Obsidian’s growth strategy in the next three years will be based on adjusting spending to reflect the changes in oil and gas prices. In the midst of hard economic times, the company has relied on asset sales to cover huge debts. The company also plans to concentrate on four important production areas, down from 30.

 

Besides, there are plans to reduce the wage bill. This will be achieved by reducing the number of employees from 1,400 to around 300. Furthermore, the amount of oil produced in a day will be reduced from 135,000 barrels to approximately 28,000 barrels.

 

Over the years, the company has undergone various important changes. These changes have touched almost every aspect of the company. The company has been redefined regarding its future. As a result of these changes, the Obsidian Energy has become stronger and more productive than ever before. Get More Info Here.

 

Environment and Giving Back to the Society

 

Obsidian Energy is sensitive and concerned about the surrounding communities and the environment. The company’s Community Matters program provides an opportunity for its employees and contractors to interact and communicate freely with the people around. The company also ensures it has met all the required environmental regulations.

 

 

See Also: 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&

Regaining Lost Glory: Obsidian Energy

Obsidian Energy Ltd. is a middle-sized Canadian-based oil and natural gas production firm. It is based in Calgary, Alberta, and was previously known as Penn West Energy Trust, Penn West Petroleum, and Penn West Exploration Ltd. The name change took place in June 2017 as the last step in their transformation.

 

Obsidian Energy officially began a new chapter in their long and illustrious history where they will guide the company on three principals:

Disciplined, commercial, and technical decision making. This will help build and protect the enterprise value.

 

A relentless pursuit of innovation and progress.

Transparent and accountable efforts with partners, shareholders, and communities in which they operate.

 

David French, the President and Chief Executive Officer, stated that due to Obsidian Energy’s strategic positioning with the right assets, a prudent hedging strategy and a healthy balance sheet, the company is well within its means to set a standard for performance even in environments that are lower priced.

 

Obsidian Energy wants to be nothing like the old “Penn West.” Having survived high debt levels as well as an accounting scandal, coming out from of the four-year rollercoaster deserved a fresh start. The lawsuits that were brought about by the accounting scandal were all settled last year, and the net debt was reduced to $384-millioin as of March 31, 2017, compared to the outstanding $3-billion that would have crippled the company in 2013. The asset sales allowed for the debt reduction as well as sharpening its focus to four key production areas, down from 30. Employee count reduced from 1400 to 300. In that same period, the production received a huge cut from 135000 barrels to 28000 barrels.  Get More Info Here to learn more about the company.

 

The future is bright for Obsidian Energy. Tough decisions had to be made. Obsidian Energy is set to regain its former glory without the scandals that graced Penn.

 

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

Securus Technologies’ Facility Customers Comment on Using Technology to Solve and Prevent Crimes

Securus Technologies is an inmate solutions company that is committed to the highest levels of excellence when it comes to access solutions in technology. For the company, nothing can get their way when they are after making the world a better place to live. This is perhaps the reason why they have achieved the most sophisticated business solutions in the industry. Nothing can compare their business with management solutions in the industry. For more than 20 years of solid professional experience in the industry, we might have noticed that the company seeks to solve all the technical problems facing their clients in a manner that sets them apart in the industry.

 

Securus Technologies is a leading provider of technology solutions that are aimed at modernizing the inmate experience in and out of the industry. For the company to achieve better business, no one could have amassed better recognition in the industry more than Securus Technologies. This is because Securus Technologies has the best technology in the industry. The technology provided by the company works towards improving the better business experience that assimilates a working solution for those who seek to achieve the most sophisticated capabilities in the inmate industry. Perhaps this is the reason why the company is massively adopted as best in the industry.

 

Securus Technologies has also announced the opening of their facility clients to visit their technology solutions center. This opening aims to show the world the true leadership position Securus Technologies has in the inmate industry when it comes to technology. Few companies have amassed better business solutions seeking to advance their business solutions in a manner that is not capacitated in the industry. For this reason, we might consider seeking the best for better solutions in a manner that capacitates sought advantages. Securus Technologies is the number one technology solutions provider.

 

Meet Gregory Aziz, The Go-Getter

National Steel Car is a freight rail car manufacturing company which has been in existence since 1912. However, in 1994, the company was purchased by Gregory Aziz who is the Chief Executive Officer and the president of the company. National Cars Company is based in Ontario in Canada, but it has rolled its services to the United States of America. Since Gregory J. Aziz took control of the company, it has become one of the top brand names in the country and has produced machinery for the trains used in the country. Having run the family business for an extended period, Gregory J. Aziz knows well how to run the company. His family’s firm was involved in food importation from around the world and exporting to markets around Canada and the United States. Click Here For More Info.

After working for a while, Greg Aziz decided to take up other jobs, and that was when he joined the finance sector between late 1980’s and early 1990’s. It was while working in New York at one of the top companies that he made a name for himself and encountered National Steel Cars for the first time. National Steel Cars Company was undergoing a transition, and Gregory Aziz helped the company expand its business to the United States. In 1994 Gregory James Aziz assisted in the purchase of the National Cars from Dofasco and became the Chief Executive Officer and the president. He has since then transformed the company into an award-winning and to the top producer if railroad freight cars in North America. National Cars Company is the only company awarded ISO 9001:2008 and also holds the highest quality award of TTX SECO thanks to the leadership of Greg Aziz.TTX SECO is given to a company that produces high-quality products. For over a decade, National Steel Car has been given this annual award, back to back.

 

Gregory James Aziz believes that all these achievements have come about through the efforts of the whole community and that is the reason the company he has sponsored various Hamilton community-based projects through the company and also his wife. It includes the Salvation Army, the Hamilton Opera, the United Way and Theatre Aquarius among others. The company also hosts all its present and former employees and their families to the annual company’s Christmas party each year. Greg and wife Irene are the sponsors of the most prominent trade fair in Canada, the Royal Agricultural Winter Fair. Related: https://www.behance.net/greg-aziz