THE BIRTH AND EVOLUTION OF OBSIDIAN ENERGY

What does a volcanic rock have to do with oil and natural gas? Not much really, but enough to inspire the name of a major Canadian oil company. Founded in 1979, Obsidian Energy has experienced several changes along the way with the most obvious being the recent name change from Penn West Petroleum in June 2017.

 

Obsidian Energy was founded in the Western Canadian province, Alberta to explore and produce oil in the oil-rich western sedimentary basins in Canada. It stemmed from the merging of several smaller oil companies to form Penn West Petroleum limited. The company grew asset wise as a consequence of purchasing oil and gas properties. The growth by itself was an effect of purchasing other smaller oil companies.

 

Arising from the need of a larger company with a higher operating status the company later acquired nearly all of BP Amoco’s Canadian shares. This plus several other purchases grew the company’s production harbor by more than twice its initial size.

 

More acquisition would follow in the years to come, and by 2002, Obsidian Energy, the then Penn West Petroleum was the dominant oil producer in central Alberta. This grew the company’s confidence and developed an upsurge in the desire for growth and diversity as seen by the company’s interest in coalbed methane in that same year.

 

In May 2005, Obsidian Energy completed restructuring from a corporation into an income trust, a change that had been proposed by the board of directors nine months before. The conversion to an income trust meant that the company would dispense its earning to the unitholders prior to paying tax. This witnessed major part of the company’s cash flow rechanneled from reinvestment to payment of dividends to the unitholders.

 

High growth potential and the restructuring enchanted investors to the company followed. More investors meant more financial might, and with might came the acquisition of shares in Midale oil pools and four other oil properties in the three years that followed. Go To This Page to learn more.

 

The company experienced another major change in 2011 when a federal requirement forced income trusts to revert back into corporations. A year later a shift in focus would see Penn West Petroleum major on light oil resources.

 

A name change, and nearly seven years later, with David L. French as CEO, Obsidian is well adapted to the industry.

Obsidian Energy Continues to Thrive

Advancing a company’s performance or position means making changes. These changes are meant to transform and prepare the company for the new position or level that is anticipated. This is the same approach Penn West Petroleum Ltd used. Today this company is called Obsidian Energy. The overhaul was a success because the company later stabilized. It began performing better than before. The portfolio increased worth by adding valuable assets.

Having a good idea is one thing while implementing it is another. It is not always that people with good ideas are able to implement them successfully. David French is among the ones who were able to lead the company through the overhaul. He has been with the company since 2016 yet French has achieved a lot thus far. He appreciates whatever experience he got from his previous job. French has worked for a similar company to Obsidian Energy.

 

Although David is a good leader, he does not achieve daily success on his own. He has a team of qualified and experienced people. His employees are categorized in various groups and levels. This hierarchy is important in working towards the goals of the organization. David has competent managers and other leaders that he relies on to ensure daily operations are run smoothly. Obsidian Energy has a certain company culture that guides how people relate and work within the organization. This culture has helped to run things in the right direction. See Related Link to learn more.

 

Obsidian Energy understands that it cannot function without employees. Therefore, the company is mindful of employee welfare. It ensures they work in a favorable environment. Health and safety are priorities of the company. The oil business is also dynamic. Obsidian organizes events and opportunities for employees to learn. They can only be effective and competent if they are informed. Investing the employees has yielded good results because productivity has increased.

Obsidian Energy began on a strong note that got Stakeholders’ attention. This encouraging performance ought to be maintained. Changing the face of the company has brought a good outcome and the company is targeting higher heights. David French remains with a challenge of influencing his employees to perform better and continue growing every day. Obsidian Energy was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).

 

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

Joel Friant is Shaking Up Taste Buds with some Fire with The Original Habanero Shaker

Let’s discuss the key tips on how to know when your habanero pepper is ripe. Even the most seasoned gardeners can utilize some helpful tips on getting just the right ripeness and flavor from your peppers.

Often times it is just as simple as looking at the packing the seeds came in. Most of the time peppers are ready after 75 to 90 days spent growing. Looking for maturity is due to the color of the habanero pepper, as well as the length. A fully mature pepper has a vibrant orange or red color. The brighter the color, the more mature, and the more mature, the hotter the habanero pepper. Another sign of maturity is when the habanero pepper is around 1 to 1.25 inches in length. Once both of these characteristics meet one another, length and color, it is safe to say the habanero is ready.

Joel Friant is the inventor of the Habanero Shaker. The Habanero Shaker is the delicious, spicy, and powerhouse of the habanero pepper packed into a chile seasoning. The heat produced is 200,000 Scoville. Roughly 50 times hotter than the Jalapeno. The heat within the Habanero Shaker is known to cause an endorphin release. While fearsome on the outside, calming mentally. Joel Friant made the original Habanero Shaker that has caught the attention of others trying to make a similar product as well. But nothing ever matches the original. To come up with this Joel Frient mastered determining the maturity and harvest timing for his habanero peppers.

Once they’re ready it is time to harvest them. Make sure to use some a gardening scissors or a knife to keep the integrity of the plant in check. By continually picking peppers you have a constant growth of more peppers. Make sure to harvest all peppers before any freezing weather may come. A slight chill or frost won’t harm the peppers, but freeze of below 35 degrees will end the peppers for sure.

The original Habanero Shaker is a must try to users of the pepper and spice enthusiasts alike. Joel mastered the ultimate spicy recipe.

Oxford Club Passes On Their Secrets of Wealth Amassing and Longevity

Great wealth and a satisfying life for its members are the goals of the Oxford Club. With their closed group of expert investors and entrepreneurs, they use their expertise and time-tested concepts to accumulate vast resources via equities, bonds, options, real estate, currencies, and much more. Founded in 1989 Baltimore Maryland, The Oxford Club has over 157,000 members across 131 countries.

Some experts include Alexander Green who is the Chief Investment Strategist, and Marc Lichtenfeld the Chief Income Strategist. Eric Fry the Macro Strategist is able to look at the economy and the worlds political trends to determine the shift in how companies will operate in the near future. This insight allows those he coaches to make very tactical moves to put their money best to see growth. Both strategists together provide strategies and specialized analysis of trading options, market trends, bonds, and stocks. Whatever the investment option, Oxford Club provides an expert in that field, with monthly newsletters and e-letters to members on latest updates. Depending on the investment, Oxford Club has 12 unique trading services that give insight on the various investment options.

Some of the many investments include energy, discounted stock, bonds, biotechnology, and more. The precious knowledge of the Oxford is distributed among the three distinct memberships within the club. Premier, Director’s Circle, and Chairman’s Circle. Each requiring different money values to gain access and the more given the more benefits the member can reap from.

Oxford strongly believes in both gaining and protecting their wealth the obtain. They look to receive the highest profit at the lowest potential risk. This truth is then spread among those within the organization. Many people receive their advice on wealth from the news and media, this is accessible to all. The true secrets of wealth are passed from a trusted friend or family member to another. Oxford Club protects their wealth by only entrusting their knowledge to a select few. Becoming a member of the club is not hard, only costly. But many have seen the benefits of a small seed sacrificed to yield a bountiful harvest of fruit.

How Louis Chenevert Displays Critical Corporate Leadership

Businessman and manufacturing expert Louis Chenevert is an individual worth noting when one considers the skills required for corporate leadership. From his initial time as a Production Manager at General Motors in Canada to his eventual position of President at Pratt and Whitney, Chenevert possessed the strengths required to improve and expand major corporations. The top figures at United Technologies Corporation noticed and Louis Chenevert became the massive conglomerate’s President and CEO.

A prime example of Chenevert’s leadership skills was his dedication to United Technologies Corporation during a more tumultuous time in the economy. Close to the end of the last decade, the United States experienced an economic recession and many manufacturing companies were severely impacted. However, Louis Chenevert insisted that United Technologies remain headquartered in Connecticut and that no corners were cut in regards to the treatment of employees. As a result, the conglomerate sailed through the recession and posted impressive returns.

Louis Chenevert has long shown a genuine interest in the care of the workers who keep United Technologies Corporation running. Under his guidance, the corporation continued to offer major financial contributions through the Employee Scholar Program. The program allows employees of UTC to pursue higher education in their respective fields with supplemental funding. As a result, over $1 billion has been dedicated by Chenevert and UTC to the cause, benefiting more than 40,000 global employees.

Aside from effectively leading a major corporation, Louis Chenevert also brought his deep experience in innovative manufacturing to his position at United Technologies. Chenevert was well-known for identifying long-term potential in a company project and inspiring others to see the same vision. Through this concerted effort, Chenevert allowed United Technologies to make leaps in aerospace advancements, including equipment for lucrative government contracts.

Louis Chenevert is now with Goldman Sachs as an Exclusive Advisor in its Merchant Banking Division. With decades of experience in aerospace technology, Chenevert now seeks out unique investment opportunities in the industry among other executive roles. His time at United Technologies Corporation has left a legacy within the company and throughout the market as a whole, displaying the resounding benefits of a strong leader with a forward-thinking business mindset.

Talk Fusion: The Brand With The Plan

Talk Fusion is the company that is the brand with the plan. They have a plan in place and they fully expect to see it succeed for anyone in life. As the old expression goes, if there is a will, there is a way. Bob Reina, the former police officer, knows this. After all, he made news when he made a huge donation to the Tampa Bay Humane Society. He has even said in past interviews that with great power comes great responsibility. He is not afraid to take on that responsibility and use it for something powerful and something unique for the world.

 

Talk Fusion is the leader in video communications. It is a big reason why they have won awards such as the 2016 Communications Solutions Product of the Year Award. They won two awards in 2016, as a matter of fact. They are also celebrating their ten-year anniversary in 2017. They have saved a lot of human lives along the way as well. These were people that were really down in the dumps, and they did not know what to do about it. They felt like no one understood them and no one knew what they were going through in life.

 

As a former police officer, Bob Reina has seen people hit rock bottom. He has had to arrest people. He has also seen that not all of these people are bad people. Some of them are just troubled and need a new path in their life. Talk Fusion offers them that new path and it is an exciting path for them. It will open up a lot of doors for them when they commit to Talk Fusion. They will commit because they will be doing something they love and something that truly matters to them.

 

After all, isn’t that what life is all about? Life is about doing what you love and making a difference for people out there. Everyone helps out everyone and it allows everyone to feel like they are having a successful life. It is truly a great thing what Bob Reina has done. Learn more: http://www.bizjournals.com/search?q=Bob+Reina