Obsidian Energy’s Position In The Energy Industry

Obsidian Energy Limited is a company that was previously known as the Penn West Exploration Ltd. It is a mid-sized company that deals with the extraction of Canadian natural resources such as oil and natural gas. The Calgary, Alberta based firm is currently being headed by Dave French, who is the acting CEO.

 

Despite its situation as a mid-sized company, Obsidian has featured in the previous list as among the top 60 largest energy companies on the Toronto Stock Exchange. Between 2005 and 2011, the company was a Canadian royalty trust. It is during this period that it reached the peak market for capitalization at the beginning of 2008. In this ranking, it was attributed to being worth an approximation of US $9.5 billion.

 

One of the chief factors that have led to the success and the top ranking of Obsidian Energy is their ability to stand out in 2014 when oil prices had significantly dropped. During this period, many energy companies flopped down while others experienced both financial and operational constraints.

 

More to this most of the companies that were not well established failed significantly while others collapsed completely. During this same period, some companies were leased out to compensate for the losses they had undergone during this period. To Obsidian, despite being slightly affected by the challenge, they were able to withstand the storm.

 

Another key factor that has been contributing to the remarkable success of Obsidian is the geographical position where the firm is situated. As mentioned earlier, Obsidian is located in Alberta just along the Western Canadian Sedimentary.

 

This specific location is known as the world largest reserve more so with petroleum products. With its situation at this location, the company has never run out of resources. More to this, they also never need to spend much to get the resources more so on the transportation of the products.

 

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The main source of its resources includes Alberta Vikings and the places surrounding, therefore, increasing the amount they save. More to this, the company has always been on a remarkable progress in the previous years it has been in existence with its current production per day being estimated at 31,000 bbl.

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The Success Story Of Obsidian Energy In The Energy Sector

Obsidian Energy is a medium-sized gas and oil company with a long-standing portfolio of topnotch assets producing nearly 30,000 barrels each day. The first-class assets and the corporation developed around them has paved the way for the firm to deliver net income results and a spirit of innovation that enables them to succeed in the developing sector. The basis of the corporation is discipline and persistent passion in their endeavors, and high accountability to their shareholders, partners as well as the communities in which the firm operates. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.

 

Obsidian Energy, previously known as Penn West Petroleum, has laid down strategies to pursue realistic growth over the next couple of years with their spending budgets firmly tied to the price of oil and gas. 92 percent of the firm’s shareholders voted in favor of a proposal to convert the name of the corporation to Obsidian Energy due to the significant renovation and restructuring. The Chief Executive Officer of the firm, Mr. Dave French said that the company settled on the name because obsidian is a volcanic glass that naturally occurs and it can undergo the refining process and get honed effectively.

 

The growth of production of Obsidian Energy in 2017 is getting support through a 90 percent carry of operation costs in addition to capital expenditures with its Peace River maneuvers. The carry is projected to end in 2017, and this will reduce the growth of production prospects by nearly 6 percent at various oil prices after 2017. The cost to stock value and book value and looks favorable, but it is influenced significantly by the conjectures of oil prices used to evaluate reserves and impairment tests.

 

These speculations integrate $70 of oil in 2019, which is comparatively optimistic. Nonetheless, $45 to $55 of oil is a more likely range due to the high production growth which is at $55 in addition to oil. Obsidian Energy, currently priced for average-$40s long-standing oil can attain almost double upside with $55 longstanding oil. According to Dave French, the company is positioned suitably with high-end assets, well-balanced portfolio and a pragmatic strategy which will enable it to set an exceptional standard in performance even in the low-priced environments.

 

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Gregory Aziz- National Steel Car CEO

National Steel Car is a manufacturer of railroad freight cars. It is a company that is located in Canada. It was established in 1912 by two investors Sir Morison and Basil Magor. The company was under the management of the national Industries Inc. the company became a private company in 1919. Since then it has been run as a private company. It has been through a number of management teams since it was formed. In 1962, it changed ownership- and was bought by Dofasco. National Steel Car finally made its breakthrough after it was bought by the current CEO Gregory James Aziz.

 

 

Gregory J Aziz is one of the best entrepreneurial minds that are in the country. The work that he has done with this company has been great. He has made it possible for the engineering and manufacturing industry in the country to grow. National steel car has been built on a foundation of producing quality products. Ove the years, this is the reason that it has been able to stay in the market. It has earned a reputation among the companies in the country for its ability to maintain quality over a long period of time. National steel car is still the largest producer of railroad cars in North America.

 

 

Gregory Aziz is from Ontario. He is a holder of a business degree in Economics from the University of Western Ontario. Earlier he was at the Ridley College. As an economist, he was able to apply his knowledge in the management of various businesses. One of the businesses that he has helped to grow apart from national steel car is the Affiliated Foods. This is family owned foods business that he worked for after he graduated from the university. His input in the firm was great as he managed to lead the company to become the largest importer and supplier of fresh foods in North America. Learn More Here.

 

 

His biggest role, however, came through when he bought national steel car from Dofasco. Gregory J Aziz ensured that the company that was almost losing it in the manufacturing industry was able to get its operations back on track. He has helped the company bring back its production capacity to over 12500 cars in a year. While it was under the previous ownership, it was doing about 2500 cares in a year. In addition to this improvement, the number of people employed by the company grew from 600 to over 2000.

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Meet National Steel Car’s Impressive CEO Gregory Aziz

One of the greatest assets an organization has is its leadership, and this is exactly what the biggest railroad company in North America, National Steel Car Company boasts of. Gregory J Aziz is one of the few business executives who has made a big impact in the business field by turning around a near dead company into an industry giant. How has he been able to do this?

 

When you think about Gregory J Aziz’s record of accomplishment you would merely think that this business executive has had it all smooth in his part. No, nothing came on a silver platter; Greg Aziz has toiled hard to get it all. Born in London, Ontario on the 30th day of April 1949, Mr. Greg came from a middle-class family and was put through school at Ridley College. Greg then joined the University of Western Ontario to pursue his childhood dream acquiring a degree in Economics at the institution. Visit This Website for related information.

 

After graduating, James Aziz joined his parents in running the family food business. For period of 16 years Greg Aziz was able to learn valuable entrepreneurial lessons from this business venture also helping grow this business from a local store to an international one supplying fresh food products to a number of European countries. Aside from the food business, Mr. Greg James Aziz was also able to put his economics degree to good use by taking a number of banking investment ventures around New York. It is through this platform that he was able to arrange for the purchase of National Steel Car from Dofasco.

 

At the time of purchase, National Steel Car company was performing dismally however, Gregory James Aziz was able to lift the company up from a manufacturing capacity of 3,500 cars to 12,000 cars per year. As if this is not enough, he was also able to increase the manufacturing quality securing the company an ISO 9001:2008 certification making it the only company in its industry in the entire North America to have the certification. To crown this up, Greg has also led his company for a decade now winning the TTX SECO award year in, year out.

 

Thanks to the able leadership of Gregory James Aziz, National Steel Car Company has been able to stand out of its competition not only when it comes to quantity railcar production but also quality wise. Going forward a lot can be expected from this visionary leader.

National Steel Car CEO Gregory Aziz, A Pillar Of The Community

With over 100 years of experience and excellence under their belt, National Steel Car has distinguished itself by becoming the leading manufacturers of freight and tank railroad cars in North America. Reliability, quality, and a commitment to investing in their employees are cornerstones of their philosophy. As a result, they’ve been annual recipients of the TTX SECO award for the past decade, remain the only North American railroad manufacturer to be certified ISO 9001:2008, and look forward to leveraging their strengths in the 21st century market.

 

Behind a great company there is often an exemplary leader. Gregory J. Aziz, chairman and CEO of National Steel Car, is immensely proud of his employees and their achievements. His philosophy to honor past traditions, move forward with determination, and lead by maintaining a relentless commitment to quality has helped set the company apart from competitors. His expertise helps ensure a bright future. See This Article for more information.

 

 

Born in London, Ontario in 1949, Gregory James Aziz joined the family business by 1971. Over the next decade and a half, he would help grow Affiliated Foods into one of the largest food importers in the world. As a student of economics, Greg Aziz enjoyed success in the investment banking world during the 1980s and 90s. It was in this capacity that he orchestrated the purchase of National Steel Car in 1994.

 

Since Greg Aziz took the helm, National Steer Car set a benchmark for growth and innovation in the rail manufacturing industry. With an aptitude for engineering and substantial investment in both human and political capital, the company increased its output from 3,500 to 12,000 cars in just five years. During this period, they also grew from 600 to nearly 3,000 employees.

 

In addition to establishing themselves as an industry leader and contributing significantly to the local economy, they have also become a pillar of the community. Gregory Aziz believes in giving back. As Hamilton, Ontario has provided essential foundations for the success of the company, National Steel Car shares its success by investing back in the community.

 

Aziz and his wife Irene are both sponsors of Canada’s premier agricultural exhibition, the Royal Agricultural Winter Fair. Furthermore, NSC employees and their families also contribute to holiday food drives for the local food banks around the Christmas holidays. Additional charitable contributions include those to local Theatre Aquarius, the Hamilton Opera, the Salvation Army and the United Way.

Gregory James Aziz, A Visionary Entrepreneur, And Philanthropist

James Aziz was born and brought up in Ontario Canada. He studied at Ridley College and later joined the University of Western Ontario to major in Economics. After finishing his studies, Gregory J Aziz began his career working in 1971 at Affiliated Foods, a family-owned business that deals with the sale of food products in wholesale. He grew the family business in a span of 16 years to become an international trader of fresh food products from South America, and Europe. These fresh food products were supplied to wholesale markets in the America and Eastern Canada.

 

Greg Aziz began working for several banking companies between the late 1980s until the early 1990s, in New York. James Aziz bought one of North America’s largest railroad car companies, National Steel Car, in January 1994 from Dofasco. He now serves as the CEO and Chairman of the company at their headquarters in Ontario, Canada. It was founded in 1912 to design and manufacture railroad cars. The aim of the company is and always has been to manufacture railroad cars that meet and exceed the expectations of their customers. The company now has over a century of experience in engineering and manufacturing quality freight railroad cars in North America. More information on This Page

 

As a motivational leader, Greg Aziz attributes the success of National Steel Car to the innovation, diversity, and value-driven attitude of the employees. He mentioned that it is through their hard work that the company grew their railroad car production from 3,500 per annum to 12,000 per annum in five years. The number of employees also grew in relation to the increase in production from 600 to 3,000.

 

Aziz ensures that the company maintains a good relationship with all their customers and employees. This ensures manufacturing and engineering excellence is always maintained. National Steel Car has retained the number one position of the railway car manufacturing consecutively for 18 years. The company is the only manufacturer of these cars in the Northern part of America that has received ISO 9001:2008 certification. Since 1996, this Company has been honored with the TTX SECO award consistently due to their high-quality operations and products. All these achievements are thanks to the efforts of Greg James Aziz.

 

Through the philanthropic nature of the president James Aziz, National Steel Car has sponsored various local charities in its hometown of Hamilton, Ontario. Aziz together with his wife Irene has also sponsored the Royal Agricultural Winter Fair.

 

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Gregory Aziz Behind Innovative National Steel Car Streetcars

All are well aware of the innovativeness and manufacturing excellence of National Steel Car. In the end, there were 48 HSR streetcars that were delivered in three batches. These were delivered over a span of three years. 23 arrived in 1927, followed by 12 in 1928, with 13 arriving in 1929.

Greg Aziz is well aware of the legacy of this company. In April 1927, the HSR 500 was publicly displayed at the Hamilton Terminal Station. It was the recipient of favorable reviews from the residents of Hamilton who viewed it. A lot of NSC cars were delivered by May. These took over the Beltline route. They were the two-man cars.

 

HSR system was changed as the first big group came in of single-ended cars. It led to the construction of Westdale and Longwood Loops. This allowed these new cars to turn at the end of their routes. The city did not permit constructing new loops which would be required at the end of the York and the Burlington routes. This is why the York route would be serviced by the double-ended cars for several years. The NSC cars would run along Burlington and then travel down Kenilworth.

James Aziz further clarified that these were the only streetcars which were painted in the paint scheme of the Canada Coach Lines in 1946. There used to be a thin orange stripe which was placed under the windows. In some streetcars, this stripe was either removed or not added.

 

These NSC streetcars served in Hamilton till 1951. Then these cars were stored and eventually sold in 1951 to the International Metal Company. The trucks and electrical equipment were stripped off. Out of these, eight streetcar bodies were sold to private owners who used them as buildings. 39 of these were resold to Dofasco. These were cut up for scrap in 1952.

The length of these cars was 40 ft. 11 in and a width of 8 ft. 3.5 in beside a height of 10 ft. 9 in. They could seat 53 and weighed 37 000 lbs.

 

HSR 505 made by National Steel Car was used for crossing the McKittrick bridge. It used to make noise while crossing the cast-iron bridge. This noise could be heard in Westdale clearly, which was nearly a kilometer to the west. This bridge was demolished later.

 

Gregory J. Aziz is aimed at taking this legacy still further. Read This Article for more information.

Railroad Industry Giant – Leadership By Gregory Azis

Under the leadership of John Morison Gibson and a few other investors, National Steel Company was formed in 1912. Currently, they are the biggest manufacturer for the railroad transportation industry. The current leadership of the company took over in 1994 and increased the number of employees by six times. Also, company’s capacity of production went up four times. So, who is the leader of this company that brought around changes which helped it grow so much?

 

Gregory James Aziz, also known as Greg Aziz, has been in charge of the company ever since 1994. He graduated from the University of Western Ontario and worked for his family-owned business. Soon afterward, he relocated to New York and got into banking. Since his involvement with the National Steel, the company was awarded 13 consecutive honors for being the leader in steel car industry.

 

Some of the contributors to Gregory J Aziz’s success are quality, innovation, technology implementation and more. He also makes sure that the customer service is up to par, as his buyers are the most relevant piece of the overall puzzle. An example of a long-term commitment is the fact that National Steel Car has been working with the same suppliers for over a decade!

 

The home of NSC is Hamilton, Ontario. The CEO and President Aziz has utilized many chances to give back to this area. The company sponsors many different entities to develop community growth. Examples are Hamilton Opera, Theatre Aquarius, United Ways, and the Salvation Army. Thousands of employees who work for the company are encouraged and incentivized to give back to the community and they often do so by participating in the food drives. Not to forget, over 2000 people from the Ontario area are working for this company thus helping the economy of this province grow.

 

Since Greg Aziz obtained a college degree in economics, the knowledge of market changes has helped him keep up with the modernization. His often-heard motto is that the company does not “dwell on the past” with all their prominent awards, yet try to work toward innovation and better technology usage.

 

James Aziz has been in charge of the company for over 20 years. As aforementioned, some of his most notable accomplishments include an output increase to over 12,000 railroad cars produced a year, a spike in the employee count to over 3,500 workers, and great contributions to the local community. See This Page for related information.