How the Management Team and Organizational Structure of Obsidian Energy Ltd Foster its Growth in the Canadian Oil and Natural Gas Business

Obsidian Energy is a natural gas and oil production company headquartered in Calgary, Alberta, Canada. The company previously operated under the names Penn West Energy Trust and Penn West Petroleum. Its stocks are publicly-traded on the Toronto Stock Exchange Market.

 

Brief History

 

Penn West Petroleum underwent several changes before being renamed to Obsidian Energy on June 26, 2017. These changes affected all business aspects of the firm in a positive way. They also enabled Penn West Petroleum to redefine its operations with a view of the future. Today, Obsidian Energy strives at excelling in the Canadian oil and gas industry by learning from past experiences.

 

Organizational Structure

 

With a production capacity of 30,000 bowls per day, Obsidian Energy is regarded as a medium-sized company. It has a balanced portfolio of profitable assets across Alberta. Obsidian Energy manages these assets with a goal of delivering bottom-line results. The firm seeks to use this asset to succeed in the evolving oil and gas industry.

 

The company obtains natural gas and oil from the Western Canadian Sedimentary Basin, which is based in Alberta. The basin also ranks among the largest petroleum reserves globally. Obsidian Energy’s exploration efforts are centered on three areas in Alberta. These include the Alberta Viking, the Pembina Cardium, and the Peace River oil sands.

 

Management Team

 

David French heads the management team of Obsidian Energy as the CEO and president. Prior to joining the firm, French worked with companies like Apache Corporation, McKinsey & Co, and Bankers Petroleum. His expertise lies in law, mechanical engineering, and management. David Hendry is also part of the firm’s management team. As CFO, he has over 25 years of experience in public accounting and finance. He works alongside Tony Berthelet who serves in the capacity of VP of development and operations. View More Information Here.

 

Other members of the management team of Obsidian Energy include Andrew Sweerts and Mark Hodgoson. As the VP of production and technical services, Sweerts joined the company back in 2014. He has over two decades experience in overseeing joint venture partnerships and trading activities. Hodgoson, on the other hand, serves in the capacity of VP of business and commercial development. Hodgoson’s expertise lies in investment banking, corporate planning, and crude marketing.

 

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The Success Of ​​​​Obsidian Energy

Obsidian Energy Ltd is a Canadian oil and natural gas production company. It was previously known as Penn West exploration ltd. The company once appeared in the Toronto Stock Exchange list of the largest companies. In 2014, crude oil prices fell seriously leading to operational and financial challenges within the company.

 

The company’s production fields are located in Western Canadian Sedimentary Basin where the biggest petroleum reserves across the globe exist. In 2008, it paid high premiums leading to a 15% to 16% annual rate being generated within the year. The company has continued to grow and is now experiencing internal cash flow generation to facilitate its growth.

 

Obsidian hopes to generate about 31000 to 32000 cylinders of oil a day in its new year business calendar. The company looks forward to funding its capital programs, pay the existing decommissioning costs and also reduce its debts levels as per the company’s returning books of record.

 

The debt under control in the company is day by day decreasing acting as a greater advantage for the company. It continues to improve on the existing good leverage to the oil and gas prices. The Company has survived the tough prevailing conditions in the economic climate and has a very strong hedge book with about 12000 cylinders a day of their products that stands at a cost of $50 per cylinder.

 

In the previous years, Obsidian Energy has been able to withstand the high degrees of bills and financial misunderstandings due to poor economic climates and resulted to lawsuits by a few investors that were clearly resolved. It has also greatly reduced the number of employees to help in maximizing the outputs and decrease the levels of debts. See This Article to learn more about the company.

 

This was as a result of the decline in the prices of crude oil back in 2015. Due to this, the shareholders dividends that were given to them by the company was also reduced and also the compensation to its members of the management board. The company has however continued to positively improve its operational performances and strengthening its stock despite of the continuing economic imbalances in the surrounding economies within its operation fields.

 

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Gregory Aziz Propels National Steel Car To Higher Levels Of Success

The role that trains have played in the development of the global economy is massive. Even as technology progresses forward, so that new, faster, and more comfortable methods of travel are invented, the use of trains has refused to fade away. Unlike in many other industries where technology has revolutionized the operations methodologies so that the old methods are dropped for the sake of new ones, the transport industry is a little bit different.

The use of trains has also been revolutionized and faster trains have been developed. In the process, investors within the train manufacture industry have benefited greatly from the change. Gregory Aziz is an individual who was able to spot the possibility of the train-car manufacture industry growing further, and at the moment, he leads a massive company that is located in North America. The success of National Steel Car became evident when Gregory J Aziz purchased the company and started applying the leadership skills that he had acquired when he was working at Affiliated Foods.

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Trains, as opposed to other methods of transport, can carry huge amounts of luggage over long distances. As a result, trains can help to boost the delivery of goods and services in the shortest time possible. Electric trains help to ensure that the time that used to be taken to transit between different locations is shortened. National Steel Car offers its products to the entire world, and the company specializes in the development of train cars for both passenger and freight purposes.

Trains are also used in the transport of waste materials, and as a result, they help to reduce the levels of pollution that exist in the world. Greg Aziz acquired National Steel Car in 1994, and since then, the organization has made massive leaps of success through product customization and investing in the human resource segment. Human input is essential in such an industry, and Gregory James Aziz ensures that employees within the organization are properly motivated to ensure that their output is sufficient. Read This Page to learn more.

 

Greg Aziz is motivated by progress, and even when he was working at Affiliated Foods, he helped to transform the company to be the best performing organization in Ontario. At the moment, National Steel Car produces double the number of vehicles that it used to output before Gregory James took over the company leadership. James Aziz first studies the market before investing so that he can be able to reap maximally. Greg Aziz believes that with the fast pace of the global economy, opportunities for investment will always be available.

 

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Gregory Aziz Drives National Steel Car To Unmatched Excellence

Gregory James Aziz is a famous businessman behind the success of National Steel Car. He was born on April 30, 1949 in London, Ontario. He schooled at Ridley College and later joined the University of Western Ontario where he graduated with a degree in Economics. In 1971, he began working for Affiliated Foods, a family wholesale food business. During this period, Affiliated Foods expanded rapidly becoming a global fresh foods importer while distributing its products across United States and Eastern Canada.

 

Being a keen entrepreneur, Gregory J Aziz took advantage of several investment banking opportunities in New York to plan the acquisition of National Steel Car, a Canadian company. In 1994, he actualized his plans by purchasing it from Dofasco with an ambition of making it the leading railroad freight car manufacturer in North America. As a result of this, he became the Chairman, President and CEO of National Steel Car. Click Here For More Info.

 

Utilizing excellent approaches such as strong engineering capabilities, team-building and human and capital investment, National Steel Car grew immensely to becoming North America’s only railroad freight car, engineering and manufacturing company certified ISO 9001:2008. National Steel Car has maintained this certification for over eighteen years. The company has also been honored over and over again since 1996 with the TTX SECO highest quality award.

 

Under the exceptional leadership of Gregory J Aziz, National Steel Car managed to increase its manufacturing capacity from 3500 cars to 12,000 cars annually within a span of about six years. The company’s workforce also rose from about 600 to around 3,000. The firm has continued to gain trust from its clients. As stated by Gregory Aziz, National Steel Car is proud of their strong relationship with its clients including Canpotex. Greg’s company supplies Canpotex with custom designed railcars for potash shipments.

 

Besides focusing on the development of the company, James Aziz together with his wife Irene takes part in community work. The two sponsors the Royal Agricultural Winter Fair, an annual livestock exhibition event. Under his management, National Steel Car also supports several community groups including, Salvation Army, the United Way, Theatre Aquarius, Hamilton Opera among many others. Furthermore, the company annually holds Christmas Party where all the current and past employees are invited.

 

Gregory J Aziz is a great example that having a sense of purpose, determination, and relentless focus on excellence and quality yields success. It is no doubt that National Steel Car will continue to prosper under his leadership.

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Gregory James Aziz, Brains Behind National Steel Car’s Success

Gregory James Aziz is currently the CEO of National Steel Car. He also doubles up as chairperson of the board of directors of the company. The company is a leading railroad freight car. Under his stewardship, the company has managed to build an excellent team in engineering capabilities. Furthermore, its production annually has risen from 3500 vehicles at the time of purchase to 12,000 by 1999.

 

Under his tenure as CEO, their cars have been named as the leading in North America for 18 years consecutively. This has been greatly attributed to the high creativity and manufacturing skills. His main aim is to ensure that the North American market get high-quality vehicles throughout the year. See More Info Here.

 

Greg Aziz has made enormous contributions to the people of Hamilton, Ontario at large. Together with his wife, they have been involved in donations in support of the Royal Agriculture Winter Fair. The fair is the most recognized in the agricultural sector. Other organizations which have reaped benefits from Greg’s company include, Theatre Aquarius, the Salvation Army, the Hamilton Opera and the United Way. Every year, a Christmas party is organized for the employees both current and former.

 

James Aziz graduated with a degree in economics from the University of Western Ontario. Before this, he attended Ridley College. In 1971, he joined his family’s food business called Affiliated Foods. Over 16 years, Affiliated Foods grew to become among the world’s largest importers of fresh foods from Central America, South America, and Europe.

 

In late 1980 and early 1990, after involving himself in several banking investment opportunities, he succeeded in organizing the purchase of above-mentioned car company from Dofasco in 1994. His main goal during the purchase was to transform it into a leading manufacturer of freight cars in the whole of northern America.

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Today, the leading freight cars dealer is ranked first in new car innovation. It has held the honor of being certified ISO 9001:2008. This has been the case for the past 18 years thanks to recertification. Also, it has also been awarded the TTX SECO quality award.

Gregory J Aziz has attributed the organization’s success to some factors. He says that commitment to quality and unwavering focuses on excellence has ensured the company’s continual growth. He stresses that the chief factor is the employees. He insists that a healthy relationship with his staff always ensures positive results. These and many others have made him one of the leading businessmen in Canada.

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The Amazing Accomplishments of National Steel Car under the Leadership of Gregory Aziz

The industry of car manufacturing is lucky to have Gregory Aziz. Presently, James Aziz works at National Steel Car as Chief Executive Officer and President. He also acts as the company’s chairman. Under Greg’s leadership, National Steel Car has been able to make a lot of profits. Mr. Aziz was born in 1949 in Ontario, London. His childhood was beautiful thanks to his stable family. Gregory J Aziz studied at Ridley College before enrolling at the University of Western Ontario to study economics. Immediately after completing his studies, Gregory Aziz had a chance to work in his family business. His family operated a food company and thanks to Greg’s efforts and commitment to work, the business’s sales increased.

 

After working in the family food company for several years, Gregory James Aziz left to look for other opportunities. He first worked as a banker in various banks where he held different positions. He stayed in the banking sector for approximately ten years. He acquired a lot of experience, which would later become useful in his business career. In 1994, Greg James Aziz ditched the industry of banking and joined National Steel Car. During this time, the company belonged to Dofasco. After joining the company, Greg Aziz played a considerable role in the company’s acquisition. He started having big plans for the company. His goal was to make National Steel Company internationally recognized and the best in the industry.

 

More about Gregory Aziz

 

Before joining National Steel Car, the company was popular in Canada only. In a few years, the company grew, and its recognition improved. Its sales increased to 12000 units yearly from 3000. More importantly, the company was able to create jobs for more people. Since Greg joined National Steel Car, the company has been rising consistently. Thanks to the remarkable contributions of the company, the industry of car manufacturing is the only ISO certified sector in North America.

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National Steel Car’s quality products have enabled it to uphold its excellent reputation. When it comes to car manufacturing, the company uses the best materials to produce top quality and high standard cars. The decision to pay extra attention to materials used in the manufacture of vehicles was Greg’s. He believes that high-quality attracts more customers translating to massive sales. With his leadership, the company will continue to dominate the industry. Greg Aziz plans to push National Steel Car to the highest level and keep it ahead of its competitors.

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Gregory Aziz, Making Tracks In Freight Car Manufacturing

Every company owner has labored over how to introduce their brand to the market, when they first begin business operations. Luckily, Gregory James Aziz, as Chairman and CEO of National Steel Car didn’t have to worry about how to arrive on the scene. Because he purchased a base product railroad car with a 100-year history. When he initially inquired about owning National Steel Car, it was a business that needed new life and a new vision. Figuring that he was just the man for the challenge; Greg Aziz gathered together a group of investors and started brainstorming on ways to make the company better. What he eventually arrived at was an innovative rebirth of railroad car industry. Gregory asked top engineering experts to make changes to the way freight cars were manufactured.

 

National Steel Car manufactures freight cars that have multipurpose carrying capacities. There is cars specifically designed for hauling just about any type of freight and load requirements. Some of the car types include: general purpose (non-pressure) coiled and tank cars, jumbo box cars, auto racks, and Plate F Centerbeams, and coal cars.

 

National Steel Car started manufacturing, production and engineering freight cars in Canada, before expanding to North America. The changes that Gregory J Aziz implemented proved to be the cornerstone of improving the industry standard. These standards help elevate National Steel Car to the top of its class. For over ten years, National Steel Car has been chosen for the TTX SECO award and it remains the only company in the states which is certified ISO 9001:2008. But in addition to quality manufacturing standards, Gregory has also made certain that his company never overlooks or neglects the customer. The result of Gregory Aziz’ insistence on customer satisfaction and an on-time delivery promise, has helped National Steel Car develop a following of loyal return buyers. For Greg Aziz and his staff of 2000 workers, the commitment to consistent engineering standards is the reason that they’re considered the number one railroad car manufacturer in North America. Visit This Page for more information.

Gregory Aziz has established National Steel Car as a company with consistently high standards. But he isn’t one to rest on his laurels; he doesn’t take anything for granted and is constantly “raising the bar.” There is a sense of integrity to the past history, but also National Steel Car believes in embracing the challenges of the future with new freight car innovations.

 

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Gregory Aziz Has Really Changed National Steel Car For The Better

There is an amazing, big business that goes by the name of National Steel Car. It seems that National Steel Car has been around for eternity, since it has been around for so many generations. National Steel Car manufactures train cars. The train cars that come out of their production are meant for freight and passengers. The type of production that National Steel Car partakes in is extremely crucial for society because today’s society is based upon trade, moving things to places and people traveling—more than ever. We have reached a point in human civilization where many places and peoples are not impossible to get to, and are reachable by reliable forms of transportation. Feel like going from Miami to Quebec? No big deal! Just choose your choice of transit. Do you need to ship vegetables across a three-thousand-mile distance? No biggie! Just load them onto a ship, train, car or plane.

 

 

Under the wing of visionary Gregory J Aziz, the company has really transformed from an ailing business to a top tier business. The company has really transformed in many more ways than one. For starters, the company has made more jobs open to people who are on the prowl for employment. It is an amazing thing when jobs are created, because people need income and a sense of purpose. When people become unemployed in society, society starts to go downhill and desperate elements start to take place. Also, Gregory J Aziz’s role as Chairman has led to a dramatic rise in production, which is really good. National Steel Car is definitely not lagging behind when it comes to production! Also, those who are less fortunate are benefiting from the leadership of Gregory J. Aziz because he regularly partakes in charitable pursuits. Around the holidays—Christmas and New Year’s, he runs a party for the workers of National Steel Car to go to. It is during these warm, friendly events that clothing drives are run to assist the undeserved individuals in the community.  Read More Information Here.

 

Greg Aziz has been the Chairman ever since a purchase in 1994. The company has seen a pleasantly surprising rise in employment and profits. Owing to the hard work of Greg Aziz, National Steel Car has earned an award called TTX SECO each year for many years. National Steel Car is the one and only manufacturer of rail cars in the world that is ISO 9001:2008.

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How Gregory James Aziz Has Transformed The Economy Of Hamilton

Having been born in Hamilton, Gregory James Aziz understood the economic situation of the surrounding. There have been a lot of transformations by the government, but there has been a difficulty in fully transforming the economy of the entire province. To help with the struggle, Greg Aziz watched people struggle to earn their living without much success. The fact that he could not do anything about it was disturbing, but he promised himself that he would try to change the economic status of his home area. James Aziz as brought up in an entrepreneurial family. He learnt the basics of entrepreneurship and gained interest in it. When Greg Aziz was undertaking his primary and High School studies, he tried his best to help in the family food processing company but because he was young and inexperienced; his contributions could not mean much.

Changing the face of the family business

After Aziz’s graduation from the University of Western Ontario with a degree in economics, James Aziz was allowed to make contributions to how the company could be run. There were a few employees in the food processing industry, and Gregory James thought of a way to help the rest. There were several other people in the town who wanted jobs but were limited because of the inability of the company to sustain a large number of employees. To create the need for more employees, James Aziz came up with plans to expand the company. The operation was to be increased from the regional level to international level. Gregory James then set plans for the expansion. Within some few years, Aziz had already expanded the operations of the company from Ontario to the entire country. The improvement of the services required more labor so that the workload could be shared. With his managerial skills, the operations of the company were increased from Canada to most parts of the United States.

The contribution of the National Steel Car to the transformation

After an opportunity to serve as the CEO of the National Steel Car, Aziz created employment to more than 2000 people from the country. Most of the people employed in the company are from Western Ontario where Hamilton is a part. The creation of employment has improved the family status of the people as well as the economic empowerment. In as much as his contributions are not directly recognized, Gregory J Aziz has contributed positively to the economic transformation of the region.

 

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Gregory Aziz’s Important Role In National Steel Car

Gregory Aziz is a business mastermind. For a significant time now he has been at the helm of the National Steel Car Company as its chief executive officer. The company is located in Hamilton Ontario. He first acquired this company in the year 1994 from Dofasco. Under his able leadership, the company has been ranked as the number one railroad freight car manufacturer. When the company was first purchased, it used to manufacture 3,500 cars in each year. By the year 1999, this capacity had increased to 12,000 cars per year. Within the same time, the company increased the number of employees from 600 to about 3,000. All this was because the company increased its engineering capacity as well as team building. Click Here For More Info.

 

As a result of having a dedicated leadership team as well as excellence in manufacturing its products, National Steel car has remained an industry leader in building new railroad freight cars. It is factual to state that National Steel Car is the only certified railroad freight car engineering and manufacturing company in the entire North America. The company does not settle for anything less than excellence. It keeps on raising its bars. National steel car is not the kind of company that rests on its past glories. It appreciates its customers support by continuing to build quality railcars. It has become a culture for the company to organize a Christmas party where both former employees and the current ones get the chance to celebrate together. Besides bringing the workers together, the leadership of National Steel Car ensures that it gives back to the community by supporting the community around it such as the Theatre Aquarius, the United Ways among others.

 

Greg J. Aziz was born in the year 1949 to wholesale food business parents. He attended the Ridley College before graduating from the University of Western Ontario where he did a major in economics. He would later join in his family business known as Affiliate Foods. During his time in this company, it experienced immense growth to the extent of being named the number one importer of fresh foods in the world. Its food came from Europe, South and Central America. The fresh food would later be distributed in the main fresh food wholesale markets in the United States and Canada. From the food business, Gregory James Aziz began working at investment banking from the 1980s to 1990s. He was located in New York.

 

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