The Awesome Obsidian Energy

The Obsidian Energy was established in June 2017.The partners of the company exhibited passion in their work. The company transacted its business with the communities, shareholders and the partners. David French gave an inspiration that the change of the name was due to Obsidian Company’s natural glass and could be sharpened and honed easily. He also acted as the Chief Executive Officer of the Obsidian Company.

 

The organization crafted provided the platform for delivering the results from the bottom line and spirit for entrepreneurs to excel in the industry. Originally, the energy company was known as Penn West Petroleum Limited. The Obsidian Company later offered three- quarters of the operational and financial results of 2017.

 

David French who is the Chief Executive Officer and the President congratulated Obsidian Company for its hard work. The drilling of oil forays in the previous years recorded high results as they proceeded to 2018 expecting the same results. Presently, the company has three wells producing two thousand bales of energy in a day. The Obsidian group overpowered all the oil refining companies that time.

 

The Peace River Oils Sands, Alberta Viking, Pembina Cardium Projects and others gave high information rates motivating other companies to continue funding the thriving projects. The Obsidian Company predicted good results during the year, where the production increased from 30,500 up to 31,500 in a day of the product range. Eighty percent of the flow of funds from the operations will boost the production in 2018. David French said that the company has prospects ready for drilling and conducting its operations to exceed the available five percent more regulating the second program on oil prices.

 

The Board Budgeted 135million dollars in the year 2018 for running the drilling opportunities. The board provided the dependable and scalable profile for 2017 third quarter information of the company. This enabled production in a day in the third-quarter to be30, 166 bales of energy. The Obsidian Energy and the French organization made an agreement on selling their interests to the Eastern Alberta in the year 2017 worthy 40 million dollars.

 

The Chief Executive Officer was confident that the company would achieve double percentage between the fourth quarter of 2016 and 2017 un-indebted. David French predicted more opportunities in development.

 

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

The New Face of Obsidian Energy

This public oil and gas company, formerly named Penn West Exploration Ltd, was established in 1979 and it operates from Calgary, Canada where its headquarters are situated. The name was successfully changed after the shareholders agreed. It has been among the 60 largest companies on Toronto Stocks Exchange. Its oil fields are spread all over the Alberta region. The employee team led by their president and CEO, David L. French, is made of about 300 people. David French said they chose the name Obsidian Energy because the volcanic glass that bears that name can be sharpened and honed.

 

For more than five years, Obsidian Energy was a Canadian Royalty Trust (CANROY) member and realized a high market capitalization of $9.5 billion in the year 2008. In 2011, it changed its operations from CANROY to a corporation. Its daily production of oil is projected to 28,000 barrels in 2017. The CEO states that the success achieved in the recent past is a result of the busy drilling campaign in specific areas.

 

The company’s production of liquids is measurably above the expected levels in the economic market, and the team behind these results is determined to increase the production in 2018. Obsidian Energy has already announced a substantial budget for the coming year which translates to a 5 percent growth in production. The company has previously carried out asset sales and minimized its workforce to increase production. Currently, the company runs on its own generated cash. See This Page to Learn More.

 

In 2018, the production will increase to 31,000 to 32,000 barrels per day from the current 28,000. If the company will sell a barrel for 14 dollars and minimize expenses, the returns shall exceed those attained in 2017. Its cash flows are growing steadily, and commodity prices have a good yield. Its trading strategies are meant to enable the oil company to pursue a modest return over the coming years.

 

The leadership notes that all information in the 5-year projection is based on assumption and its success is, therefore, a factor of the risks that any business faces. However, its 2017 third-quarter results are the perfect display of Obsidian’s achievements in 2018.

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

Innovation, Modular Green Houses & Entrepreneur Josh Smith

Living a healthy lifestyle isn’t as hard as one may think. Living a healthy lifestyle is more mental than it is physical. The mind controls the body and when it comes to eating junk food, this processed nightmare seems to come out on top for most people. If you had the opportunity to eat healthier, would you do it? If you had the opportunity to grow your own organic food, would you be willing to try? This is where Reno, Nevada’s Josh Smith comes into the picture, and he’s creating a positive stir within this vibrant community.
Josh Smith has intellect, ingenuity and supreme knowledge that extends across a wide barrier. The guy has literally worked in numerous high-profile industries, and he has invested into many seed-level startups. He’s a businessman through and through, but he’s more so a philanthropist. Smith is the inventor of Modular Greenhouses. These advanced structures are changing the game, especially when it comes to growing organic food. The structure comes pre-assembled, it’s light in weight, and it can withstand inclement weather conditions. Technology and society go hand-to-hand and this Reno, Nevada, guy is the actual middle-man of it all. Smith is on a mission to better society in general. Eating healthy is a big part of living a healthy life, but many people don’t have access to organic foods. The Modular Greenhouse changes it all as these structures can be placed anywhere at your home residence. Just think about it for a second. Millions of pounds of organic foods can be produced straight from the comfort of the consumers’ homes.

Since being fully-automated, these modular greenhouses won’t need around-the-clock measures. They can function when you’re not around, and you can connect various amounts of equipment like heaters, temperature controls and fans. The return on investment is far greater than the actual initial investment. Take it from this Nevada-native, the best is yet to come.

Louis Chenevert: Former CEO of UTC

Louis Chenevert is a famous entrepreneur based in Canada. He worked as the CEO of the United Technologies Corporation. At the company, he served as the CEO for years. Chenevert was the eighth CEO of the firm. United Technologies Corporation (UTC) has thrived in the manufacturing sector and managed to stay in the front row at the edge of innovations despite high competition from other manufacturing companies. The company majorly deals in assembling the most epic jet engines in the world for both commercial and military use. It also operates with Otis, one of the biggest manufacturers that deals with elevators and escalators, company located in Farmington. One of the company’s plants located in Stratford produces many helicopters than any other plant in the USA. Since Louis joined the UTC, he incredibly ran the business to ensure its success. He managed to grow the company’s share price from $37 to $117.

Louis was born and raised in Quebec. He attained his postgraduate degree in production management from the University Of Montreal School Of Business. Louis Chenevert first worked at the General Motors Company for fourteen years. He, later on, served as the president of the Pratt and Whitney since 1999 where he worked for six years. In 2010, he took the role of the chief executive officer of the United Technologies Corporation in 2010, where he served diligently to ensure its growth and maintained its standards. Louis also served as the vice chairman of the Executive committee of the Business Council for one year (2011- 2012). In September 2015, he worked at Goldman Sach where he worked as an advisor in the Merchant Banking Division.

Louis was recognized as the person of the year in 2011. Additionally, he was recognized by the HEC Montreal and was given an honorary doctorate. He dedicated himself and worked tirelessly to ensure UTC Company’s success and growth. The United Technologies Corporation under the leadership of Louis was recognized with the best humanitarian award for its Green shot projects which involves with volunteer projects to fund primary schools facilities to ensure sustainable and quality education for children. The project has helped more than 20,000 children in primary schools across Asia.

The Career of Mike Baur

Mike Baur is an entrepreneur who currently runs a company known as Swiss Startup Factory. His company specializes in helping a number of businesses get mentorship and guidance in terms of running their companies. Over the last few years, Mike has established his company as one of the best in Switzerland. Prior to becoming an entrepreneur, Baur spent a number of years in both investing in startups and the banking industry. These two experiences gave him the knowledge to know what makes new companies successful. During his career, Mike has won a number of awards in recognition of his efforts in his business career.

 

Baur’s company Swiss Startup Factory helps businesses find ways to reach their goals and become more successful operations. With the guidance provided by Baur and his staff, a number of businesses are in position to get feedback on how to improve their businesses in a number of key areas. These include marketing, management, finance and production. With the feedback provided by Swiss Startup Factory, a number of entrepreneurs in Switzerland have been able to make their companies more successful. The expertise and experience of Mike Baur has played a major role in helping businesses fulfill a number of their goals on a consistent basis.

 

After working in the banking industry for a number of years, Mike Baur decided to leave in order to pursue other opportunities. The first opportunity he pursued was startup investing. Due to his experience working with new businesses, Mike saw the potential of startups and their profitability. As a result, he looked to capitalize on this by spending his own money on new emerging companies. This activity led to Baur making a considerable income and would therefore propel him to pursue entrepreneurship. After ten years of investing in startup businesses, Mike started up a company of his own Swiss Startup Factory.

 

When Mike started his new company Swiss Startup Factory, he envisioned his company being one that would help startups reach their full potential. His business model was structured to work like the banking industry. Swiss Startup Factory would work by holding an event to allow entrepreneurs to pitch their business idea and then Mike would decide to work with them. Once a company is chosen, Baur and his staff provide consulting services to these businesses. During its brief three year existence, Swiss Startup Factory emerged as one of the more innovative companies in the world. This company has been able to allow Mike to showcase his talent and passion for helping businesses on a regular basis.

 

OBSIDIAN ENERGY: THE FUTURE OF OIL PRODUCTION

With its headquarters in the City of Calgary, Obsidian Energy is a medium-sized oil and natural gas production company. The Canadian firm is publicly-listed on both the Toronto Stock Exchange and the New York Stock Exchange. Originally founded in 1979, the company has experienced structural changes over the course of its history. Before shareholders voted in the name change to Obsidian Energy, the firm was previously known as Penn West Petroleum Ltd. The Company boasts ownership of oil reserves in the province of Alberta- one of the world’s richest oil reserves. Although the Company has scaled down its oil production over the past few years, it is still reported to produce an astounding 31,000 barrels per day!

 

Home to hundreds of dedicated employees, Obsidian Energy is driven by passion and complete accountability to their stakeholders. Also, worth noting is that, at the helm of the company’s organization structure sits an elite team of experts in the fields of oil exploration, production and general mining. These individuals with vast experience and immense technical know-how are pooled together to form Obsidian Energy’s Management Team. To continuously foster the growth prospects of Obsidian Energy, the company’s Board of Directors pools experts from disciplines such as Finance, Technology, Banking and Law. This also attracts potential stakeholders who may have an interest in any of these fields into the company.

 

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Another advantage brought about by this diversification of the company’s Board of Directors is the exposure to different perspectives. The firm will always benefit from having a multi-faceted approach to issues facing them. This is accredited to the different specialties the Directors bring into the company. Hypothetically speaking, Obsidian Energy is in a position to develop their own internal solutions to most challenges facing them.

 

In addition to being a promising investment option, Obsidian has also taken the initiative to positively influence society. The firm has done this by ensuring minimal environmental degradation during mining activity. Their oil production activities are guided by stringent environmental preservation principles such as appropriate abandonment of mines and mine reclamation.

 

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&reqid=%257B%257Brequest_id%257D%257D

Obsidian Energy Upgrades Its Company’s Profile

Obsidian Energy; formerly Penn West Petroleum Ltd., is a Canada-based natural gas and oil production organization whose reputation has grown over the years. The firm is a public company, previously known as Penn West Energy Trust. Since its founding in 1979, Obsidian Energy has expanded in each aspect including in its workforce. At the moment, the Calgary-situated company hosts almost 300 employees. Besides acquiring a peak in the organization’s labor input, Obsidian Energy has experienced other achievements concerning increase in monetary value and its reputation. For seven years, the group was considered a Canadian Royalty Trust and grew to its peak in 2008 when the company’s market capitalization was approximately $9.5 billion. Obsidian’s proximity to petroleum reserve locations has contributed to its success in its respective industry.

 

The company began its new chapter when it attempted to change its name from Penn West to Obsidian Energy Ltd. In conjunction to the altering of the name, Obsidian Energy’s stock symbol also transformed to OBE in each stock market. Obsidian Energy Ltd incorporated three major principles that would guide the organization towards the attainment of success. The first element entailed the incorporation of technical and disciplined commercial decisions for the protection of the value of the enterprise. Other principles are the continuous pursuit of excellence and the element of transparency with the company’s shareholders. See This Article to Learn More.

 

According to the President of Obsidian Energies, David French, the firm is equipped with the required assets and an effective strategy that will give a chance to the organization to experience transformation in its new chapter. In addition to the change of the enterprise’s title, the shareholders approved all other resolutions that were outlined by Obsidian. Additionally, Obsidian Energy’s choice of the current name was motivated by its natural explanations that emphasized the occurrence of volcanic procedures that can be sharpened. Under the guidance of David French, Obsidian Energy will take a new trajectory leading it to greater heights. The adherence to its set principles will over short period yield positive results, including the gaining of the expenses used to pay the organization’s debts. At the moment, Obsidian produces 28,000 oil barrels daily.

 

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