The prominent Canada based gas and oil producer, Penn West Petroleum, quite recently became Obsidian Energy. Last summer, a poll was taken of the company’s shareholders regarding the decision of renaming the company. This was the result of a number of new changes that were beginning to take place within the organization, which affected all areas of Penn West Petroleum’s business operations.
After these shareholders made the choice clear by voting 92 percent in favor of the company receiving a new name, Penn West Petroleum Ltd. officially began operating under the name of Obsidian Energy Ltd. on June 26th, 2017.
On average, Obsidian Energy churns out around 30,000 boe each and every day. Additionally, Obsidian Energy also controls one of the most impressive portfolios in the industry. Not only does this portfolio feature many top-quality assets, but it is also surprisingly well-balanced.
At the core of the Obsidian’s belief system are the values of accountability and discipline. Many companies only hold themselves accountable to their business partners and to their shareholders. Obsidian Energy, however, is also committed to serving the outside communities in which it does business.
After making several structural changes and receiving the new name, Obsidian Energy is a far stronger, leaner and more efficient organization than anyone would have expected in prior years. It will certainly not be easy to navigate through an industry that never ceases to evolve at a breakneck pace, the management team at Obsidian Energy is confident that a fierce entrepreneurial spirit and an undying passion fort the company’s work will propel the organization towards a bigger and brighter future. Find Related Information Here.
Modest growth has been announced as Obsidian Energy’s number one goals for the following three years. Under the strong leadership of former Calgary Oil and Gas Company CEO; David L. French, this goal is one that is very likely to be achieved.
Louis Chenevert is a Canadian businessman who was the CEO of United Technologies Corporation (UTC). Before working for UTC, he served with General Motors as its Production General Manager where he spent 14 years before he went to work with Pratt & Whitney Canada. After six years with the company, he became its president but soon became the Chairman for UTC. Eventually he became the CEO of the company before stepping down and moving on to work with Goldman Sachs in its merchant banking division.
While working with UTC, as its CEO, Louis Chenevert got a lot done and helped the company to make some large gains during a time of recession. One of the biggest deals he made while with UTC was the acquisition of Goodrich, which people still talk about to this day. It took lots of time and patience on the part of Mr. Chenevert to finalize the deal, and he spent over a year negotiating the $18.4 billion purchase. Second to this deal was a side project that he focused on with GTF, which zeroed in on developments that allowed jet engines to be able to deal with high heat better. His work helped UTC to live up to a commitment it made to put its money where its mouth was by investing in cutting edge tech. This deal, to this day, still makes UTC a good amount of its yearly income and helps to support the economy of the United States in the process.
Refer to Innovative Deals And Inspired Leadership Characterize Louis Chenevert, for inspiring information about him.
Louis Chenevert also improved UTC and the world by turning the company towards environmental investments that help to reduce their own carbon footprint, reduce greenhouse gases, and by ensuring that UTC’s factories cut down their water consumption by more than one half of what they were using before. To continue the work that Mr. Chenevert did, UTC is still building some of the most advanced aerospace systems, heating units, refrigeration units, air conditioners, and and advanced jet systems in the world. The company also continues to stay on top of all of the industries it is invested in by offering its own employees a scholar program that pays the fees for them to earn a degree. See This Article for related information about Louis Chenevert.
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The world has experienced two global wars in the past, leaving millions of people dead. During these times, businesses are required to serve their countries by working with the government. The government and the businesses should cooperate with each other, and most of the time, the government will ask them to create products or deliver services for the benefit of those who are fighting for the country. Companies could build weapons, war vehicles, war machines, war planes, and war ships. They could also create products that can be used by the soldiers on the field, like processed food, parachutes, gears, and so much more. During the First and the Second World War, the National Steel Car participated in the war efforts, cooperating with the Canadian Government as a show of support for defeating the enemies.
During the First World War, the National Steel Car sent some of their employees to war, fighting for the Canadian Government and its allies. Few of those who fought during the First World War perished, but those who managed to return home were given honors and medals. The National Steel Car was just a few years old when the First World War broke out, and it never really affected their business of producing and manufacturing rolling stocks. The decade when the First World War took place is in fact one of the most profitable years of the National Steel Car, a precursor of their golden age that would take place in the next decade. View Additional Info Here.
After experiencing tremendous growth in the 1920s, the National Steel Car experienced the extreme opposite in the 1930s. The great economic meltdown that sent thousands of businesses into bankruptcy affected the sales of the National Steel Car, and they survived by creating other products unrelated to rolling stocks. The world was still recovering from the effects of the Great Depression when the Second World War broke out. It was the deadliest war in the history of mankind, and the National Steel Car was again contracted by the Canadian Government to create weapons and vehicles for the war. The company also sent some of their employees to the war, and some did not come back. The Second World War helped the company bounce back, but the images of the war would still haunt the company.
When Aziz bought the company in 1994, Greg Aziz placed an emphasis honoring the employees of National Steel Car who fought during the two world wars. Gregory J Aziz stated that he salutes those who fought for their country, and encouraged the present employees to show their respect to their fallen colleagues. Greg Aziz is National Steel Car’s present president, chairman and CEO.
Not everything is fruitful when you tend it. There are some things that just don’t work out. National Steel Car CEO Gregory Aziz never thought that would be the case when he took on the small railcar engineering and manufacturing company. In fact, he knew that it would be amazing. He knew that there was potential within the company, he only needed to provide the right leadership. Aziz was prepared for this leadership position because he had been in the business world for most of his life. At the age of 19, his family founded Affiliated Foods. This company started small but grew quickly after they started importing fresh food from international markets. Aziz learned a lot about business from watching this process.
Another way that Aziz gained information was through his education. He obtained an Economics degree from the University of Western Ontario. After graduating, Greg Aziz took his place with his family at Affiliated Foods. He worked there for 16 years, gaining knowledge about the business field, and honing his leadership skills. By the time he left when he was 38, he was ready to make a change in the world.
While searching for a company of his own, Gregory James Aziz worked as an investment banker in New York City. In 1994 he bought National Steel Car from the Dofasco company. While many doubted the company’s ability to bounce back, Aziz started looking at what he could do to revitalize it. One of the first things that Aziz did was start expanding the manpower available at National Steel Car. With only 600 workers, it was impossible for them to produce the quality product that Aziz wanted. By 2000, the workforce was all the way up to 3,000 individuals. This meant that National Steel Car could create 12,000 railcars annually instead of the 3,500 it had been used to. See This Page to learn more.
With the increased production, the company did not slack on quality. Since 1996, the company has consistently received the TTX SECO award commending their work. This feather in Aziz’s cap was exactly what he was looking for from the company and he has continued improve the National Steel Car brand. Gregory Aziz took a chance with National Steel Car. He nurtured the company and put the right amount of work into the right number of places. While some might not succeed in the business world, Aziz has proven that it only takes a little knowledge and a lot of hard work.
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We won’t be able to read all the ominous information about Obsidian Energy. In fact, we might be losing all the available time we have for research and we still won’t get the information we need about Obsidian. In this article, we will try to address that by sharing to you only the most important information about Obsidian. So, shall we start?
The Operational Background
One important thing you may need to know about Obsidian Energy is the fact that it is right now one of the leading mid-sized oil production and drilling companies today that are based in Calgary, Alberta. It may also interest you to know that the company has been the S&P/TSX 60 today, which is a list of a series of companies listed under Toronto Stock Exchange. In between 2005 and 2011, Obsidian had also been able to maintain its name as a Canadian Royalty Trust, which is a reputable award in itself. It is also during this time that Obsidian reached a total market peak capitalization of around US $9.5 Billion. This makes the company one of the leading and fast-growing companies today.
Another interesting event that happened in the growth of Obsidian Energy was the time when it experienced a series of financial and operational difficulties at the time when the price of crude oil fell in great levels back in 2014. It is during this time that the company was able to force itself a significant overhaul of its operations to make sure to address the variety of its assets being sold out just to offset the losses.
It’s also public knowledge for everyone that Obsidian’s oil fields come from areas in Alberta, especially the one near the Western Canadian Sedimentary Basin. This is the region with the world’s largest reserves for raw petroleum, and has been the center of growth for the company. That said, it is safe to say that one big contributing factor to the success of Obsidian is the fact that it is located in an area abounding with riches in oil. That said, without its location, it would be hard to expect the success of Obsidian to reach the level it is right now. Click the Following Link for more information on Obsidian Energy.
In the past 100 years, the rail industry has seen so many changes. It has gone from being something that virtually everyone used to something that was almost obsolete. Now, the rail industry is seeing a huge resurgence in the opportunities people have to use it. From government agencies to postal deliveries and freight shipments, the rail industry is picking back up again. Greg Aziz saw this and knew it would be an opportunity he had to take advantage of. He wanted to be sure he could get in on the rail industry action. LIKE HIM ON Facebook.
When Greg Aziz realized that National Steel Car needed someone who would be able to purchase it, he jumped on the opportunity. He knew National Steel Car had been a great business back when the rail industry was popular. He also knew the business had a great structure on the inside of it. Because of that, Gregory Aziz decided it would be a great investment for him and for the money he planned to make. He also thought about all the ways he could change the company to suit the needs of modern businesses. He was going to mix technology in with the options he had for the rail industry.
Gregory James Aziz felt it was part of his business plan to start making the company better than it once was. He also knew National Steel Car could start profiting again if he made all the right business choices. When he had worked with other companies in the past, Gregory Aziz learned the right way to run a business. He also tried to make sure he was always showing the other people who were in business what they could do to make their own businesses better. The point of purchasing his own company was to give himself all the opportunities he had created with other companies. Check Out This Article.
Even though National Steel Car was closing to closing its doors when Greg James Aziz purchased it, he still felt it was a good investment. He had become accustomed to taking risks in business. The risks he took would usually pan out so Greg Aziz knew things would work out if he was giving the business the best opportunities possible. He also knew there were many ways he could change the business. By bringing these changes to the steel car industry, Gregory Aziz was giving the industry a chance to continue operating.
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Greg Aziz is the famous chairman and the CEO of the famous National Steel Car the leading manufacturers of railroad freights car in the whole of North America. The company has its offices in Hamilton, Canada but has been able to be the leading rail road giants in the whole of North America regions. Greg Aziz 68 has been on the frontline working day and night for the growth and achievement of the company. Gregory J Aziz began his career many years ago at the famous Affiliated Foods. The company was owned by his family, and he made the company achieve so much of its dreams.
The company used to import foods from Europe, South America, and Central America and distributing it to various parts of the United States. He left Affiliated Foods in the 1980s and later went on to work with various investment banks based in the New York. He gained a lot of experience also had great managerial skills which the companies directors could observe from a distance. He used to work tremendously and with a lot of commitment. During his time as a banker, he tried his luck and purchased one of the largest investment companies known as National Steel Car, and that was when he noted that it was a great venture and a worthy investment.
Greg Aziz was purchased from Dofasco, and he happened to be the CEO. Aziz dedicated all his time and skills towards ensuring that he improves the company’s performance. The company had not been performing well until he exhibited his skills and expertise in the sector. He possessed great dreams and had great plans for the company right from day one he became the CEO. The company had been in the industry for more than 80 years and was a big name already. There were times it used to be the industry’s giant, but Greg came with a lot of potential and desire towards changing it completely. He didn’t have a choice but to work for its growth through teamwork, hard work, commitment and more innovations. He had the desire of changing the railroad industry through the company and worked to be the leader in the North America region. See This Article to Learn More.
Greg Aziz efforts were noted immediately five years after purchase when its performance improved to 200%. It created a lot of jobs for people and realized a tremendous increase in their capacity. He is the chairman and the company’s president and has been working day and night ensuring that the dreams of the company become a reality. He studied Economics at the prestigious Ontario University which is based in Western Ontario.
National Steel Car is one of the crowning gems in Canadian manufacturing. The company has been around since its founding in 1912 and is currently headquartered in Hamilton, Ontario. It was founded by several notable investors that were led by entrepreneur Sir John Morrison Gibson. The goal of the company was to lead the country in the production of train cars and to set a new standard for the industry in levels of production and quality of stock cars produced. In their early years the company made huge strides from a high volume of orders from Canadian Pacific Railway and soon became recognized as an industry leader and a well-known name in Canadian manufacturing.
The company also flourished through the Great Depression and turned its manufacturing capabilities to other entities that were needed such as busses, motor boats and trucks, while still providing stock cars. They saw resumed growth as World War Two descended and the need for manufacturing of stock cars increased rapidly. In fact, National Steel Car has been in the top three rolling stock options for over 100 years, since its founding. Today, it is the leader in the production of stock cars in all of North America and frequently exports to the United States and Mexico. Check Out This Article.
National Steel Car was bought by a company in 1962, which was a loss for Canadian manufacturing. In 1994 there was a successful purchase of National Steel Car so that it once again was in Canadian hands. This purchase was led by Gregory J Aziz.
Soon, Greg James Aziz joined National Steel Car where he brought the company to new heights. In his first four years serving as CEO of National Steel Car Greg James Aziz brought the production of stock cars from 3,000 to around 12,500. This was a gigantic feat for the company. He also grew it from working exclusively in Canada to all of North America and built a name for it that would make it one of the top leaders of stock car production in North America.
Greg Aziz is known as an innovator, who highly values company culture and the power of his staff. He made it a mission to hire the most highly talented engineers and manufacturers to make sure that National Steel Car was known for its talented team and their design accomplishments. National Steel Car continues to make innovative strides in the field and to have accomplishments other companies aspire to.
National Steel Car is a company that has been operating in Canada for many years now. It was started in 1912 as a railroad freight car manufacturer. At the time, the demand for rail products was in high demand. It, therefore, took a short time for the company to establish bigger operations. With the money that they gathered from the boom experienced in the 1910s, the founders managed to expand the operations of the company even further. The company became privately owned in 1919.
The current CEO of the National Steel Car is Gregory Aziz. Aziz took over the management of the company from Dofasco in 1994. Greg Aziz was then working in the banking sector. He was working with different banks in New York where he had moved after finishing his studies.
Greg Aziz has his origins in Ontario, Canada. Ontario is still home to this great manufacturing company. As a resident of Ontario, Greg Aziz knows the economic dynamics of the origin and can suit the operations of the company depending to the economic situatio0n in the region.
National Steel Car having been in existence for so long and is preserved by many people from the region as a monumental facility that should be preserved in all manners possible. National steel car today employs numerous people from the region. The economy of the region has also been boosted by the production activities of this firm. Learn More Here.
Gregory J Aziz was born in Ontario in 1949. He has been part and parcel of the Ontario community for a very long time. Also, through the many years, he has been in business, Aziz has been able to develop huge experience and knowledge about how to run big corporations. He has also been able to manage startup companies and developed them into huge businesses. Affiliated Foods, a family-owned fresh foods business is one of the companies that have managed to get better after his input. Gregory James Aziz made Affiliated Foods the biggest corporation in the region in terms of food importation from other continents. Their supply in the United States and Canada also improved
Under the leadership of Greg J Aziz, National Steel Car has made tremendous changes in the manner in which they are run the operations of the company. The company is now producing more cars in a year as opposed to when it was under the management of Dofasco.
Gregory James Aziz is the President and CEO of National Steel Car. He became the CEO of National Steel Car in 1994. That is because he helped orchestrate the purchase of National Steel Car from Dofasco. National Steel Car is located in Hamilton, a place in Ontario, Canada. Gregory J Aziz was born in the town of London in Ontario in 1949. He studied at Ridley College. Then, he went to Western University, where he studied Economics.
In 1971, the young Greg James Aziz joined his family’s business, Affiliate Food. It grew, in just sixteen years, to a large supplier of fresh food to various markets in the United States, Canada, and Europe. Afterwards, Greg Aziz got involved with various projects and investments in the banking industry in New York.
After Greg Aziz helped orchestrate the National Steel Car purchase, he became the President and the Chief Executive Officer of National Steel Car. Under his leadership, the company was extremely successful. It grew from producing just three thousand and five hundred cars a year to producing twelve thousand cars a year. It grew from having just six hundred employees to having over three thousand employees.
National Steel Car has over one hundred years of experience with engineering and manufacturing in the rail industry. They are known for their commitment to quality. This is also why they are recognized as the number one manufacturer for tank cars and railroad freight. It is all thanks to the amazing people who work at and run National Steel Car, such as Greg Aziz.
National Steel Car is known to always raise the bar so that they can improve their work. They are always improving themselves and challenging themselves to do better. They are the only railcar company in the entire North America to be certified ISO 9001:2008. They have received the TTX SECO award for over a decade on a consistent basis. See This Article for additional info.
National Steel Car has a sense of purpose. They value and honor their traditions of the past. They focus on moving forward with determination. They always lead and have a focus on quality.
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