Obsidian Energy is a Canadian natural gas and oil production corporation located in Alberta. Since its establishment, the oil company has augmented sophisticated strategies to sustain it in the market. At some point, Obsidian Energy was ranked among the S&PTSX 60 enterprises in the Toronto Stock Exchange. In 2008, Obsidian Energy experienced success when it hit its peak market capitalization of almost $9.5 billion. The achievements of the company are attributed to its locality. Obsidian Energy’s niche, Alberta, is a renowned region recognized for its reservation of the globe’s hugest petroleum sites. Production of oil originates from three primary areas including the Peace River oil, Alberta Viking, and Pembina Cardium.
Previously, Obsidian Energy was known as Penn West Petroleum Ltd. According to David French, the change of name would mark new beginnings for the organization. However, before the incorporation of the new name, certain procedures have to be adhered to including the approval of shareholders. Fortunately, 92 percent of the shareholders voted in favor of the altering of the company’s name. In David French’s opinion, Obsidian is best suited for the organization’s title due to its meaning. He postulates that the name aligns with the activities of the company. The changes implemented in Obsidian Energy will over time yield positive results thus retaining the enterprise’s reputation in its segment. Additionally, Obsidian Energy is expected to settle its debts and maximize its production which currently stands at the production of approximately 28,000 barrels of oil daily. See This Page for more information about the company.
Being a famous company in the market, Obsidian Energy partnered with other relevant organizations including the Canadian Royalty Trust. CANROY provided security for Obsidian Energy in the payment of taxes. Additionally, Obsidian Energy collaborated with Penn West investments. due to the high payment of dividends, the organizations recorded high returns. At the moment, the company’s operations are directed towards yielding more returns than the previous years. Obsidian Energy’s executives have demonstrated the relevance of persistence in managing mid-sized organizations. Additionally, the change of strategy is necessary for the attaining of future achievements. Obsidian Energy’s exclusivity illustrates the managers’ intent to attend to the evolving needs of its clients in the industry.
View Source: https://www.obsidianenergy.com/
Sustainable greenhouses are environmentally safe and there is a growing demand for them. Joshua Smith of Reno, Nevada, saw this agricultural idea has a great concept for future food production solutions. Smith is the CEO and Co-founder of ‘Modular Greenhouses,’ which is part of his sustainable method to grow food at home. Mr. Smith hears and sees daily how kids are eating more junk food, even at home, which leads to overweight health issues. He would like to see this change by introducing an easy and simple food option.
Mr. Smith of Reno, Nevada, is a serial entrepreneur who has over fifteen years of startup concepts and ideas, many of which have successfully gone to market. His Modular Greenhouses have an appeal because they are self-sustainable, and the use of water and temperature are automatically controlled through the owner’s mobile device. The farming style Greenhouses are designed with a hinge which makes them mobile to be set-up anywhere. The design by Mr. Smith is strong enough to withstand hurricane force winds and a heavy weight like snow, if left outdoors.
The Modular Greenhouses can be used indoors and outdoors. Owners become the modern-day farmer with smart app-based devices as their farming tools. The greenhouses are further designed to fit into any size lifestyle location. They are made from strong grade aluminum that is used in designing aircrafts, but is also very light in weight. People using the Modular Greenhouses can use their app-controlled WIFI devices with sensors to check temperature levels for whatever product you are growing, check the moisture levels of the soil, and comes equipped with a security camera and a changeable outlet.
For a better view on these modular greenhouses, visit the kickstarter site for HomeGrown SMART GREENHOUSES. You will receive a VIP Access to their Launch and early pricing of 50% off. Each Greenhouse modular kit is shipped directly to your home. You can simply set it and forget it. The modulars takes the fear out of gardening without you going to agricultural classes. The instructions are easy and you can also add-on additional panels as needed.
It is an organization that has changed names several times. Obsidian Energy was previously known as Penn West Petroleum, Penn West Energy Trust, and Penn West Exploration Ltd. The oil and gas firm is a middle-sized company based in Calgary, Alberta, Canada. Toronto Stock Exchange had listed Obsidian which then was known as Penn West Trust as the six largest company in their stock exchange market between 2005 and 2008. In 2014 the company was not doing well in the gas and energy industries, and it underwent a financial crisis which forced the management to sell their asset in order to settle some of the debts the oil and gas group had.
Penn West Petroleum Ltd changed its name to Obsidian Energy in June 2017. Obsidian Energy is allocated in an area with high-quality gas and oil that has been producing about 30,000 bores per day. The firm is situated in a region which is considered to be one of the largest and the richest in oil and gas in Canada; along the West Canadian sedimentary basin. The oil, as well as the gas, is extracted from three major basins which include; Alberta Viking, Peace River Oil sands, and Pembina Cardium. The change of name comes with new responsibility for the management team for they trust that the asset available for the organization will of great help for the group and the asset help them expand their company and survive in the ever-changing industry.
Obsidian Energy does not only extract oil and gas, but it is also responsible for the communities around them. The oil and gas company has been carrying out their operations with a lot of respect for the people and the respect has been extended to their contractors, and staff who also know that they are supposed to openly communicate with the society before undertaking any new operation. Obsidian is responsible for communicating to the people about negative and even positive impact of their operation to the community as well as the environment. Obsidian Energy is founded on respect, responsibility, discipline, love for their work, and are accountable to their shareholders, community, as well as their partners.
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Read More: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy
The DeVos family has a long history of philanthropic work that is centered around family values and social reform. For Dick DeVos, and his wife, the importance of education has never been far from their work and political careers, and in Dick’s case it has even led to him pursuing a career in politics. Being able to make societal and policy change in education was not something that Dick just decided to do one day, but found to be a necessity after working closely with families and communities to try and change the troubled education arena that existed. Through policy and advocating for more options that parents and students can take advantage of, DeVos could best create the change that was most needed.
Dick DeVos has a long and successful history in business, with the companies and brands he worked with and helped run making him very well known in both his home state of Michigan and across the country. For a long period of time Dick was the President of Amway, a well known household brand that realized a lot of growth during his tenure. After working with the brand, DeVos moved on to serve as the President of the Orlando Magic, a well known basketball team. Most people might not realize it right away, or even recognize the name initially, but because of these two very large brands they recognize his face, products, and changes he made in both businesses.
There are so many projects, big and small, that Dick DeVos and his family have been involved in, from funding to actionable change, that have improved the lives of countless thousands. From the arts to education to housing improvements, where the DeVos family sees a need they are able to use their personal and business know how to improve the lives around them.
To learn more, visit http://dickdevos.com/.