Obsidian Energy In Alberta

The oil and energy fields of Obsidian Energy are found in Alberta in Western Canadian Sedimentary Basin, and it has the most significant preservers of petroleum. In Alberta, it is produced in Peace River Oil Sands, Pembina Cardium, and Alberta Viking. They produce 31000 barrels of oil per day. It pays the New York stock exchange every month.

 

 

The payment of the dividends is not taxed at a dividend rate that is regular because the assets of the trust are resources that have been depleted as return capital rather than return on investment. The advantages of Bonavista Energy, Baytex Energy, Bonterra and Daylight Resources from Penn West producing oil and gas had also been included.

 

 

Penn West had to change its name to Obsidian Energy. Being the CEO of the company, Dave French chose the name because the Volcanic glass occurs naturally, and it is sharpened and honed. There have been high debts, and Dave French had to survive them. Visit This Web Page for more.

 

 

The net debt reduced to 384 million dollars which had been allowed by the asset sales as it’s focus was sharpened to the four critical areas of production in the company. Compensation of the board of directors had to be reduced, and payments of dividends to the shareholders had to be reduced in Penn West.

 

 

The organization and the assets have been crafted, and it helps in providing a platform which is right to offer results and also a spirit of entrepreneurship hence Obsidian is successful. The company has displayed discipline, and they like what they do. Their partners, shareholders, and communities where they operate are being accountable.

 

 

New York Stock Exchange of the price of its stock helps Obsidian Energy to receive standard listing notifications. NYSE got a notification from Obsidian Energy which was to assist in reducing the rates. The stock price would be monitored tightly so that the options available would be evaluated hence there is compliance with NYSE’S listing of prices by Obsidian Energy.

 

 

In conclusion, the asset sales that were allowed had to reduce the net debt by the company.

 

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

Gregory Aziz’s Success in the Railroad Industry

Gregory James Aziz is the CEO of National Steel Car, one of the leading manufacturers of railroad freight cars in North America. The company is based in Hamilton, ON, Canada.The 68-year-old began his career at Affiliated Foods, which was owned by his family. He worked at Affiliated Foods for several years and by the time he was leaving the company, it had grown tremendously. It was importing food from South America, Central America and Europe, and distributing it to various parts of the U.S. and Canada. After leaving Affiliated Foods in the 1980s, James Aziz worked with a number of investment banks in New York and gained a lot of experience in this sector while at it. This is how he came across National Steel Car and realized it was a great investment opportunity.

 

 

National Steel Car prospers under Gregory Aziz’s Leadership

 

After National Steel Car was purchased from Dofasco, he became the CEO of the company. He had very big dreams from the company right from the start. National Steel Car had already been in operation for more than 8 decades and had a great reputation in the Canadian railroad industry by the time Gregory James Aziz became the CEO. But Greg Aziz knew the company still had a lot of potential for growth. He wanted to make an impact on the railroad industry in North America through National Steel Car.

 

Within just 5 years after the company was purchased from Dofasco, the company’s production capacity had grown by over 200%. It also created a lot of employment opportunities because of this tremendous increase in production capacity. Greg is also the president and chairman and president of the company, and all these positions are extremely demanding to say the least. National Steel Car has continued to prosper under the leadership of Greg Aziz, and today, it is the leading manufacturer of railroad freight cars in North America. Although this is what Greg wanted when he took over the leadership of the company, he still believes the company has the capacity to grow even further. He holds an economics degree from the University of Western Ontario.

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Conclusion

Few people are as committed to excellence as Greg Aziz is, and this is what makes him such a greater leader. Saying that he has had a successful career in the railroad industry just does not cut it. His has been a remarkable journey, thanks to his dedication and discipline.

See Also: https://www.facebook.com/gregaziz1

Greg Aziz: The history of National Steel Car

Greg Aziz or Gregory James Aziz is one of the prominent entrepreneurs in Canada. Greg is the president and CEO of the biggest railroad freight car manufacturing and engineering company in the world known as National Steel Car. National Steel Car has its headquarters in Hamilton, Canada. National Steel Car is known for being the world’s largest manufacturer of Rolling stock. It was established in 1912, and since then it has been operating nonstop for now over a hundred years. In its entire lifetime, National Steel Car has been ranking among the top three rolling stock manufacturers in Canada. National Steel Car which is currently under the leadership of James Aziz is a subsidiary of the famous National Industries Inc.

 

National Steel Car has a long and interesting history since its formation in 1912. First of all, National Steel Car was established by the great investor Sir John Morison Gibson together with partners from Basil Magor Car Corporation. Basil Magor Car Corporation was supposed to lead the initiative of establishing National Steel Car Project. They set up the factory in Hamilton, Canada, where it is seven till today. Basil Magor Corporation was the first entity to act as the general manager of National Steel Car immediately after it was established. National Steel Car was very successful in its very first years of its operations, a thing that inspired its owners to keep investing in the project. Just after one year of operations, the company’s production of rolling stock had reached its all-time high. This initial success is attributed to the timing of the establishment of the business. At the time, the railroad industry was performing very well and was a key part of the growth of the economy. See This Article.

 

The first orders that the company received were from the Pacific Railway, a Canadian corporation that needed to be supplied with boxcar orders. The company was for the first time privatized in 1919 after it was purchased by Donald Symington and Robert Magor. The company then changed the name to become National Steel Car Corporation Limited.

 

In 1962, National Steel Car was bought by Dofasco. However, by 1990s Dofasco was unable to continue managing the corporation. This is when Greg James Aziz stepped in and bought the company. Greg Aziz managed to overturn the operations of the corporation, and by 2000 it was the best manufacturer of railroad freight cars in the region. The number of cars produced annually increased from 3500 to over 12500. The number of workers also improved from 500 to about 3000.

View Source: https://www.steelcar.com/Greg-Aziz-welcome