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Obsidian Energy is One Growing Company December 18, 2017

Obsidian Energy Ltd is known for being a small natural gas and Canadian oil production company that happens to be located in Calgary, Alberta. For the longest time, the company was known to be one of the sixty biggest companies that were on the Toronto Stock Exchange. It was in January of 2008 that the company was able to hit its all-time market capitalization high of US $9.5 billion. Obsidia has always made sure to base itself primarily on discipline and the passion that all of their workers have for the work that they do. Obsidian Energy Ltd. Expects to be able to hit a total reproduction, in 2017, of approximately 31,000 bbi a day. This is a goal number for the company and one that they hope to only increase in time.

 

Obsidian Energy Ltd. Had currently been known as being called Penn West. It was on June 26 of 2017 that the company decided that they wanted to make the name change to Obsidian Energy. They are hoping that the change will help to better define the company and help it to be able to grow more as time goes on. Visit This Page for additional information.

 

Penn West has been able to overcome many obstacles throughout the years and knows that the new name is going to be able to help them overcome many more. They have already been able to reduce to companies’ net debt and are hoping to be able to reduce it by much more in the years to come. Though they know that it will not be easy to achieve the company is more determined than ever to see just how far that they can go. Obsidian Energy is one company that is not going to stop improving until they are at the very top of the business world.

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

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Obsidian Energy: Leading The Fuel Industry Into Tomorrow December 16, 2017

Our vehicles and assorted machinery all need large amounts of fuel to keep them running at peak efficiency, which is precisely the business Obsidian Energy finds itself operating. The Canadian oil and gas producer is both experienced as well as knowledgeable in the field, having produced fuels at high volumes with great success for what is now several years. The company strives to please both prospective customers and longtime shareholders alike with an informed, yet flexible, operational strategy that aims to keep the business running as smoothly as the vehicles its product fuels.

Things haven’t always been so cut and dry for Obsidian Energy, however. This past June, the company underwent some serious changes: For starters, it changed its name. Previously known as Penn West, the company changed its branding to suit better the service it seeks to provide, as well as to present its operations more accurately. Obsidian doesn’t deal purely in oil and gas: it also produces more modern fuel alternatives, such as natural gas. Ultimately, the name change was met with praise and approval from company executives, employees, and shareholders alike. In addition to its new branding, Obsidian’s stock symbol has become “OBE’.

 

The transformation from Penn West Petroleum to Obsidian Energy has been a challenging journey for the company. It can be seen as a new start of sorts, or a transition into a new era of operations for the business. The reasoning for the change is undoubtedly complex, but it can mostly be attributed to the operation wanting to serve its three most sacred principles better.

 

Those principles are as such: Disciplined technical and commercial decision-making, relentless pursuit of progress, and transparent efforts to appease its shareholders and community. Obsidian Energy has an exceedingly positive outlook in regard to its future, in addition to these positive principles. According to a statement released by BoReport.com, Obsidian Energy is confident it has strong assets with which to proceed in this new space. In addition, they have also developed a prudent hedging strategy that has the potential to yield enormous results, even when operating in low-cost environments. Obsidian 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).

 

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