Obsidian Energy: The Oil And Natural Gas Company Without Limits

Obsidian Energy is a Canadian-based public firm that deals in the production of oil and natural gas. It’s headquartered in Calgary, Alberta. It was formerly called Penn West Exploration. The company name was changed to Obsidian Energy on 26th June 2017.

 

Obsidian has oil and gas wells throughout western Canada specifically in Alberta along with Western Canadian Sedimentary Basin, an area that is characterized by its large petroleum reserves. The largest wells are located in the Alberta Viking, the Pembina Cardium, and the Peace River Oil Sands.

 

It is undeniably one of the largest companies that feature on the Toronto Stock Exchange. This is manifested by the fact that between 2005 and 2011, it achieved top market capitalization of approximately US $9.5 billion.

 

Just like every successful company, Obsidian Energy has faced several challenges for instance, in July 2014 the company’s Chief Financial Officer revealed accounting irregularities that had led to the misclassification of nearly $300 million. The company consequently faced several lawsuits from different investors in Canada and one in the United States of America. As a result, Obsidian Energy contracted the services of independent auditors to review its books and solve the accounting issues. Additionally, due to the decline of oil prices, the company was forced to reduce its workforce from 2,350 in 2013 to 300 workers in 2017and suspend paying dividends to its shareholders. It also had to reduce the compensation that it had set aside for its board of directors.

 

However, despite the fact that the company’s journey to success has been faced by these challenges, Obsidian continues to deliver strong production volumes and through the second quarter of 2017, robust funds have been seen to flow from their operations. In fact, the company expects to produce an estimate of 31,000 bbl per day in 2017. Learn More Here.

 

According to a statement by David French, the company’s President and Chief Executive Officer, the company will have a solid start since the company’s financials are balanced and very much stable thus putting them in a good position to manage the environment as currently constituted. He goes on to explain that they will continue to extend their investable projects for the development of Alberta and the intermediate world’s environment.

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Penn West Petroleum Adopts New Identity That Is Obsidian Energy

Obsidian Energy, previously known as Penn West Petroleum Ltd is a Canadian-based oil and natural gas Company. They operate from Calgary, in Alberta and was one of the sixty largest companies at the Toronto Stock Exchange. The company also has changed its stock symbol on both New York Stock Exchange and Toronto Stock Exchange. The company’s oil fields are located along the Western Canadian Sedimentary Basin in Alberta, which is one of the world’s largest petroleum fields.

 

David French, the Company’s President and Chief Executive Officer says the name change is in line with the aim of starting a new chapter. Obsidian Energy will be guided by three principles which are disciplined technical and commercial decision making in building and protecting the value of enterprise, relentless pursuit of innovation, transparent and accountable efforts with the shareholders, partners and the community in which Obsidian Energy operates. The company also seeks to set a new standard for performance even in lower price environments through a healthy balance sheet, prudent hedging strategy since they are well positioned with the right assets.

 

Obsidian Energy’s production areas include Pembina Cardium, the Peace River Oil sands and the Alberta Viking. The company expected its total production for the year 2017 to be approximately 31,000 bbl equivalent per day. Obsidian Energy also looks forward to pursuing modest growth in the next three years. The spending budgets will be tethered to the prices of oil and gas. Changing the company’s name was a unanimous decision of all the shareholders.

 

The shareholders also approved the resolutions in the Notice of 2017 Annual and Special Meeting and Management Proxy Circular. The circular dates back to April 2017 and its details can be found at the company’s website. Visit This Page for additional information on Obsidian.

 

The company has however gone through tremendous changes over the years. It has managed to reduce its net debt from almost $3 billion as of 2013 to about $384 million in March 2017. This was occasioned by the ability of the company to make sales of some of its assets. Obsidian has also managed to cut the large number of employees.

 

More: https://www.bloomberg.com/quote/OBE:CN

National Steel Car Has No Limit of Excellence Under Gregory Aziz’s Leadership

National Steel Car boasts of being the leading railroad tank and freight car manufacturer following its more than 100 years of success in the manufacturing and engineering industry. The company commits itself to offering quality. The company values the community as their cornerstone. Greg Aziz appreciates the role other people play in making the company maintain its success. The partnership with the society makes the group more diverse, values-driven, dynamic and innovative than before.

 

Gregory J. Aziz leads a team that continually challenges themselves while raising the bar persistently. Greg Aziz contends that they know how to focus their energies on efficiency that is unparalleled in the rail market. National Steel Car drives itself purposefully and maintains to be true to its core values. Accordingly, the client’s trust Greg’s company because the firm builds high-quality railcars with consistency in timely delivery.

 

National Steel Car prides itself on being the only railcar firm with an ISO 9001:2008 certification. Besides, it more than a decade now with the company receiving the TTX SECO award. Through James Aziz’s leadership, National Steel Car continues to pursue continued customer attention and excellence relentlessly.

 

Gregory James Aziz, also known as Greg Aziz is the CEO of National Industries and the CEO and Chairman of National Steel Car. Born in Ontario, Greg studied at Ridley College and later graduated with a degree in economics from the University of Western Ontario. After school, Greg joined his family business, the Affiliated Foods. Greg’s entry to Affiliated Foods transformed it into a significant global importer of fresh foods.

 

Greg James Aziz worked on numerous investment banking opportunities which gave him the capability to purchase National Steel Car in 1994 from Dofasco. Greg had the purpose of turning the company into the leading railcar manufacturer in North America.

 

Making use of National Steel Car’s high-powered engineering capacity, abundant capital and human investment, and team-building, Greg was able to expand the manufacturing capacity of the company exponentially. Besides, the company was able to employ many employees. With the continuous pursuit of manufacturing excellence, the company gains the trust of many.

 

National Steel Car dedicates itself to the people of Hamilton. The company sponsored many local charities including Theatre Aquarius, the United Way, the Hamilton Opera, and Salvation Army. The company also throws Christmas parties annually at their location to the employees’ families. The community takes part in the organization’s primary food drive. Gregory Aziz and his wife sponsor the Canadian Royal Agricultural Winter Fair.

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Gregory Aziz Innovation Efforts Help National Steel Car to Grab Large Contracts

National Steel Car, the leading railcar tank manufacturer from Canada, is known for technology innovation and highest standard safety measures in the railcar industry. It was due to persistent efforts of its Chairman, Gregory Aziz, the firm achieved the top-notch position in the industry. Interestingly, it is now helping the railcar firm to get large contracts from industries and business groups. In the latest development, Canpotex, a leading potash exporter from Canada, chose National Steel Car to supply new 700 railcars that are specifically designed to meet the needs of potash transport and export. It is revealed that the contract is worth nearly $70 million.

 

The potash exporter has invested more than $500 million since 1999 to make over 7,000 railcars and all of them with National Steel Car. The railcars for Canpotex are custom designed by the railcar maker to address many challenges. National Steel Car confirms that the special design allows the potash exporter to optimize the per railcar tonnage capacity in addition to the added railcars per train. While the new railcars improve the efficiency of transport over 90%, it also significantly reduces the greenhouse emissions in the respective rail corridors it travels. Gregory J Aziz confirmed that the strong relationship with Canpotex helped the firm to improve its service delivery and market presence.

 

It should be noted that National Steel Car has more than 100 years of engineering innovation in railcar industry. However, its fate changed when Gregory J Aziz bought the firm in 1994 with a mission to make it the market leader in North America. He gave stress to engineering capabilities, safety measures, team-building, quality initiatives, technology innovation, and more, and took it to the pole position within five years. Significantly, the employee base of the firm rose five times during the period and started certifying as ISO 9001:2008 firm – the only company in the railcar industry of North America. It has got numerous recertification as well during the last 18 years. Read This Article to learn more about Greg Aziz and the National Steel Car.

 

National Steel Car also certified with TTX SECO continuously for the past two decades. Greg James Aziz says that he does not want National Steel Car sitting on its success but wanted to look for perusing its journey for excellence. Greg is also active in bringing philanthropy to the heart of the railcar maker. It has sponsored many community events in the recent years. Some of them include the United Way, Theatre Aquarius, the Salvation Army, the Hamilton Opera, and more.

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The Success of Gregory Aziz

Gregory Aziz is the current chief executive officer of national steel car company. He is also acting as the chairman of the board of directors. National Steel Car Company is located in Hamilton, Ontario. It is among the leading companies that manufacture railroad freight cars. Gregory Aziz attended the University of Ontario and later graduated with a bachelor’s degree in Economics.

Immediately after graduation in 1971, he got a job at Affiliated Food, a company that was established and operated by his family. Under the leadership of Gregory Aziz, the company grew strong, and in 1987 it had become among the global importers of fresh foods from the United States and Canada. The firm exported its products to Central America, South America, and Europe.

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In 1980s, Gregory J Aziz decided to move to New York in search of opportunities in the investment sector. In 1994, he acquired National Steel car from Dofasco. He started working towards fulfilling his dream of building a leading manufacturer of rail freight cars. Greg Aziz was very determined to serves the whole of North America. Since then, he has led National Steel Car by developing an excellent team with qualified engineering capabilities.

When James Aziz bought the company, it had only 600 employees, but Greg Aziz employed more than 2 400 employees for a short time. The annual production of freight car also increases from 3 500 to 12 000. The unique and unparalleled creativity, manufacturing expertise and engineering capabilities of the company enables its vehicles to be voted as the best in the whole of North America for 18 years consecutively. See This Page for More Info.

 

Gregory J Aziz is also committed to giving back to the society. He takes parts in several donations to various charitable organizations in Hamilton region. Organizations that have benefited from National Steel Car Company are Hamilton Opera, Salvation Army, Theatre Aquarius, United way and much more. National Steel Car also organized annual Christmas party for both current and former employees. The employees of this firm also take part in various food drives that aid the local food banks. Greg Aziz has become a successful business person in Ontario because of his expertise, service, visions, and business administration and above all excellent relationship with his employees.

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Greg James Aziz

Gregory Aziz is a well-known name in the North American business. He was born in London in 1949 in London Ontario. James went to Ridley College. He later went to the western university where he studied economics.

 

He is the chairman of the national steel car. The company is one of the leading in railroad freight car manufacturing. The company located in Hamilton Ontario. He is the man who has made the national steel car to become what it is today. Through innovation, passion, technology, and excellent customer relationship the company has managed to remain successful. The company’s history can be traced way back to 1912 and has been in the engineering industry for over 100 years. The company has maintained the high standards.

 

Gregory James Aziz is currently the CEO of the company. He has been in the business ever since 1994. He is popularly known as James Aziz or Greg Aziz. He values every employee’s effort in the company. He also appreciates the suppliers and customers since they are essential to the success of the organization. Greg is a humble leader who emphasizes the critical things that contribute to the good of the company.

 

 

Greg James Aziz previously worked at a family business before joining national steel. He began working in the family business after his graduation. The family business was a wholesale food business known as affiliated foods. Over the years, the company expanded significantly to become a leading importer of fresh foods from South American, and European markets. Greg moved to New York where he worked in investment banking for many years. He purchased the national steel company and worked hard to grow the company.

 

 

Greg Aziz is married to Irene, and they have two daughters, Natalie and Karina. The family is known for supporting the equestrian community. They have also sponsored different classes on the royal winter fair horse show.

 

 

National steel has received the TTX SECO awards for 13 years under Greg’s management. The company received the award for being the leader in steel car manufacturing. In particular, the company has maintained a top position because it provides its customers with quality products. Moreover, the company never misses the deadline on their projects. The company is ISO certified.

 

 

Greg Aziz has enabled the company to work with Hamilton community and improve their lives. Gregory James Aziz is a successful business leader who focuses on excellence and quality.

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How Gregory Aziz Honors National Steel Car’s 100-Year Legacy

 

When Gregory James Aziz first stepped up to become National Steel Car’s Chief Executive Officer and President he wanted to ensure that through his leadership he honored the traditions of the company’s noble past while pushing forward with strong innovation to meet the demands of the future of railcar. He did this by putting his first focus on developing a company culture that would enable every employee to be proud to work for National Steel Car.

 

Within the first four years after Gregory J Aziz joined National Steel Car the volume of cars made, and employees hired significantly. The real reward came as he saw his investment in hiring skilled manufacturers and engineers grow the company’s employee count from 600 to over 2,000 people. These people joined a company that was shrouded in history, with National Steel Car being a known name in Canada and the United States since its founding in 1912. In fact, each year all employees past and present are invited to National Steel Car’s Christmas party, a huge event that welcomes the families of all employees to gather, celebrate the holidays and meet various generations of employees. Related Information On This Page

 

The company has weathered the storms of change and successfully made it through the Great Depression era. After that it rebuilt and continued to thrive, being consistently a top three rolling stock option for over 100 years – a handsome feat in the changing industry of railroad car manufacturing. The company has earned a variety of accolades including being the only rail car manufacturing company in North America to be certified as International Organization for Standardization (ISO) 9001:2008.

 

Greg Aziz also stayed true to National Steel Car’s legacy by increasing the number of cars manufactured annually from 3,500 to over 12,000. His skill set for business development pushed the company full steam ahead, with initial growth leading to more production that spurred additional growth waves. Greg Aziz was involved on the investment side of the company’s purchase from a different owner in 1994, which helped restore the longstanding Canadian company to former greatness and to expand its reach to become the leader in rail car manufacturing throughout all of North America, not solely Canada.

Through the continued drive of its leadership team under Greg Aziz, National Steel Car will continue its 100-year old tradition of providing the highest quality railroad freight cars, striving for excellence and a lasting dedication to customer service.

Eli Gershkovitch: The Man Who Set The Pace For Craft Beer In Canada

Earlier this year, the U.S Open Beer Championships were held, awarding some of the best producers of beer in North America. Steamworks Brewing Company was one Canadian brand that seemed to take home a few notable awards. Founded by Eli Gershkovitch, the brewery is one of the most well known in Canada. Youth nowadays are turning to more craft beer brands than mass produced ones which have made breweries like Steamworks hugely popular. People don’t usually think of Canada when they hear the words craft beer, but breweries like this one are changing the game.

Eli Gershkovitch was in Europe when he first realized his love for craft beer. He was taking a break before he started working as a corporate lawyer. He is a firm believer in doing something that you love, which was when he got the idea to start his own company that makes craft beer. But when Steamworks first came into existence, breweries were not as cool as they are now, and people weren’t as adventurous and rarely ever swayed away from their standard brands. But now, with the growing demand for breweries, Steamworks has become a name that resonates with good craft beer in Canada (https://interview.net/eli-gershkovitch-steamworks-brewery/).

 

Eli Gershkovitch established his first brewery in 1995. At the time, it was the only brewery in the entire country that used steam power to make their brews. Before that, no other establishment used this, which is also what gave Steamworks its recognition. Being a lawyer, Eli Gershkovitch thought it would be best to patent his brew so that no other company could copy what he had done, making his completely original, and one of a kind.

 

When Eli Gershkovitch first opened the brewery, he knew that he was walking into unchartered territory. It was now up to him to set the pace and the standards for others to follow (Crunchbase). He has always been one for unique approaches to his business and adopted some of the most unheard of marketing strategies to make his brewery more known. They ended up working brilliantly for Steamworks, and the company is now what it is today because of it.

 

Gregory James Aziz – A Legacy Through The Centuries

There are not whole lot of people on this Earth who would be able to run a business and make sure that it could survive for over 100 years. But if you are able to find that person, then you must hire them as your chief executive officer. The Canadian-based rail company, which is known as the National Steel Car Company did this and they have found an amazing amount of success.

 

The man they hired goes by the name Gregory James Aziz. He is a Canadian native who knows how to run a Canadian business.

 

It is from the wisdom that Greg Aziz has, which he acquired while attending Western University, that he has been able to strengthen the national steel car company so that they could successfully do business in the new millennium.

 

One way that Gregory J Aziz was able to accomplish this with simply by forcing the company to continue growing. It may not seem like such a small thing to you and me, but when your products stop advancing, all it takes is for the competitor to come on in and they will steal your business. James Aziz knows this, which is exactly why he instilled into the people the vision that we are to be innovators. See More Information Here.

 

This Innovation paid off. Not only the Greg Aziz push for innovation, but his company was able to innovate a more efficient method to produce rail cars. What this allowed them to do was create custom made content and deliver it more speedily than their competition. In North America, it got to the point that it was a no-brainer, if you needed a railcar you went to National Steel Car.

 

Gregory J Aziz also took a strong position on helping the environment. Through the innovation that he instilled into the company, he was able to create more efficient rail cars which decreased gas emissions by 90%. This allowed several other companies who are not able to meet the gas emission requirements in Canada to use National Steel Car to create their real cars, and thus, grow their business into the great North Country.

While not every business can be as lucky as National Steel Car and gain a Chief Executive Officer who is a business prodigy such as Greg Aziz, each leader could still sit at the feet and learn a few tricks from this master of business.

Gregory Aziz’s Achievements In The Railroad Freight Cars Business

National Steel Car is a top North American firm that has specialized in manufacturing top-notch railroad freight cars. The company is currently owned by Gregory James Aziz, and its main offices are in Hamilton, Ontario. Aziz is 68 years old and has made significant accomplishments as a business leader. He majored in economics at the University of Western Ontario. The businessman kicked off his career by serving as a manager of Affiliated Food. The enterprise was owned by his family, and he served as its head for about 16 years. Affiliated Foods focused on wholesaling foods to clients in Canada. Under the leadership of James Aziz, the company grew rapidly and started serving customers in the United States and Eastern Canada. Affiliated Foods also became an international importer and purchased fresh foods from South Africa, Europe, and South America.

 

The businessman later quit his role at the firm and moved to New York in the early 1990s. He focused on building a successful career in investment banking. James Aziz had earned a fortune by 1994, and he decided to buy National Steel Car. The company’s production and revenue were low when it was owned by Dofasco. Aziz committed himself to making sure that he transformed the firm into the leading manufacturer of its kind in North America. National Steel Car produced 3,500 cars per annum when he acquired it, and its production increased to 12,000 after five years. The number of workers who served the business also increased from 600 to over 3000 within the same period.

The outstanding engineering designs and innovation of National Steel Car have enabled it to maneuver the North American market. The firm is now working to increase its production so that it can serve clients across the world. National Steel Car’s high-quality cars have enabled it to be the only railroad freight car builder in North American that holds an ISO 900I:2008 certificate. The company also has exceptional manufacturing standards, and TTX SECO acknowledged it in 1996.

 

Apart from Greg Aziz’s ventures in business, he is a liberal individual who has been supporting the Hamilton community. He has led his company in helping non-profit organizations such as the Salvation Army, the Hamilton Opera, and Theater Aquarius. National Steel Car has established a healthy relationship with its staff. It has been inviting employees to Christmas parties every year. The firm has also been on the front line in supporting local food banks by organizing food drives.

 

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