Obsidian Energy Growth Plans In Solar Power

Obsidian Energy’s oil fields are located in Alberta, along the Western Canadian Sedimentary Basin. This region is one of the world’s largest petroleum reserves. The oil industry is booming in Canada. Many companies in the oil industry have high sales and profits. Obsidian Energy is an oil company that focuses on drilling for oil. Over the past few years, the company has expanded in various ways.

Obsidian Energy is developing several products and services for the solar energy industry. Solar energy is an excellent opportunity for the company to increase sales and profits in future. Many customers in Canada want more access to solar power. Even though solar power is more expensive than traditional energy sources, the costs have decreased dramatically over the past several years.

 

Drilling Tactics

 

Drilling for oil is a long and arduous process. Oil drilling companies take on numerous financial risks. Companies must purchase land to drill on, and the company must also buy the drilling equipment. When starting out, most oil drilling companies have high levels of debt. When the cost of oil is high, drilling companies make a substantial profit.

The price of oil crashed in 2016. Many oil drilling companies went out of business. Obsidian Energy was able to prosper during this time for several reasons. The company has a strong balance sheet with limited debt. Obsidian Energy also has revenue sources outside of drilling for oil.

 

Solar Energy

 

Solar power is an excellent opportunity for energy companies. There are multiple ways for companies to increase sales from solar power. Customers must purchase solar panels to harvest solar energy from the sun. Over time, these panels need maintenance. Few people have experience fixing solar panels. Obsidian Energy offers various maintenance services in the local area. Visit This Page for related information.

Obsidian Energy is one of the leading energy companies in Canada. The company is excited about various opportunities for growth in the years ahead. The leaders of Obsidian Energy have done a great job managing the company.

The company 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://en.wikipedia.org/wiki/Obsidian_Energy

Obsidian Energy for Better Quality Fueling Needs

If you need fuel for your home or business, it is always a good idea for you to get this through a company that you can trust. You will find that this helps tremendously and provides you with fuels that you need to run your home. The reason a lot of people have chosen Obsidian Energy, formerly known as Penn West Petroleum, is because of the quality of the fuel being used. You are going to find that this helps a lot and gives you exactly what you need to get your home or business running to the best of its ability.

 

The Canadian production company is based in Calgary, Alberta. Obsidian Energy’s oil fields are located in Alberta, along the Western Canadian Sedimentary Basin. This region is one of the world’s largest petroleum reserves. Obsidian’s oil production comes from three key areas in Alberta: the Alberta Viking, the Pembina Cardium and the Peace River Oil Sands.

 

Once you make the decision to use Obsidian Energy, you are going to want to call them or email them about pricing. They are going to give you a flat rate for the fuels that they offer, which is something that is going to help you out and get you exactly what it is that you need for your own well-being. Be sure to consider this for yourself because it is a fuel company that puts the time and quality into each and every type of product that they offer to the public. This means that you are buying products that are higher quality than anything else that you might have used in the past.

 

You will love being able to make use of Obsidian Energy and know that it is time for you to make good use of a company that cares. Obsidian Energy is based in Canada, but they offer their products to people and businesses all over the world. This makes it quick and easy for you to get a wonderful fuel product that is sure to provide you with the energy that you are going to need to keep your house or your company running to the best of its own ability. You will also find that the products that Obsidian Energy offers are far superior and much less expensive than other types of companies that you might have used in the past. This is why it is a good idea for you to make use of this company and buy their products.  Click Here for more information

Obsidian Energy for Great Fuel Choices

If you are a business owner who is trying to find high-quality fuel at an affordable rate, it is time for you to think about choosing Obsidian Energy. Obsidian is one of Canada’s leading fuel oil companies, so you can feel confident knowing that you’re choosing a company that truly cares about the product that they are producing. With Obsidian Energy, they have several different fuels available, both oil and gas. You can order any one of these fuels and have them delivered to your home or place of business. If you are planning to re-sell the fuel, you can do this knowing that you are still going to make a profit.

 

The problem that a lot of people have when it comes to finding a good fuel company is that they don’t know where to look for the right choice. Obsidian Energy has been around for over a decade and is one of the best choices for fuel oils. Not only are their prices quite low, but you are going to find that their fuel is a lot better quality than anything else that you might have found in the past. Be sure to look at the Obsidian Energy site to see if this is something that you can benefit from.

 

The company 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).

 

Obsidian Energy can be contacted either by phone or email, so you can feel good knowing that this is an option that is right for you. Be sure to contact them if you would like to begin placing an order for yourself or if you want to be able to get the right type of options for yourself. Never before has there been a great option than Obsidian Energy, and this is why a lot of people have made the decision that this is something they are going to want to make use of for themselves. Be sure to contact Obsidian Energy if you would like to place an order or find out more information on the different fuel oils that they have available and the prices that are related to what you are going to buy. Find Additional Information Here.

 

See: http://boereport.com/2017/06/26/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders/

Obsidian Energy: Making Changes Today For A Sustainable Tomorrow

What does a company do when there is a crisis afoot? Well, some react terribly and only make the situation even worse. Those companies tend to end up in bankruptcy, and everyone who works for them or counts on them in any way is left out in the rain. Fortunately, this is not the route that the old Penn West decided to take.

 

The company has actually decided to rebrand itself as Obsidian Energy. The Board of Directors thought that it would be a good idea to have a new name to reflect the new nature of what used to be called Penn West. They wanted something that would show the world that they really were taking steps in a new direction. The Board turned over the decision to rename the company to shareholders.

 

The vote by shareholders was not even a close one. Ninety-two percent of shareholders voted in favor of the name change, and so now you have the new Obsidian Energy company.

 

Other actions have made it possible to see how this company will adapt to the future. They made the choice to sell off a number of assets for example to help lower the high levels of debt that they had been carrying around with them for some time. They were able to reduce the level of debt they had from $3 billion to $384 million. This has helped to keep the company in a position where it can continue to grow and innovative when it has the chance to.

 

Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff. The number of employees at the company has been reduced as well, but this is all in an effort to lower the overall costs of doing business. The fewer people there, the less costs the company has right now, and that means they might not have to take on debts that they just paid off recently anyway.  See This Page for more information

 

Given all of this, it is pretty obvious at this point that the people in charge of the new Obsidian Energy have made some smart moves to help keep the company alive and moving forward. That is something that we can all appreciate, at least those of us who have any dealings with Obsidian Energy.

 

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

Obsidian Energy Reaps Greater Benefits Since Its Change

The energy-based firm, Obsidian Energy is headquartered in Calgary, a city located within Alberta, Canada. It started as Penn West Petroleum Limited. In 2017, the global company underwent all-rounded positive transformations which led to the improvement in the services which they offer. Besides, it also acquired its new name, Obsidian Energy. The firm is headed by David French, the president and the overall manager.

 

The location of the company influences the number barrels of oil which they produce on a daily basis. The founders were wise enough to construct it along the Western Canadian Sedimentary Basin. With this, they have earned markets for the natural gas and oil that they deal in. Additionally, the company has developed their operational standards making their products of high quality.

 

Before the change of the name, it recorded massive sales in stocks. Their dealings earned them high rankings in New York’s markets for stocks. The employees are also chief contributors to the success of Obsidian Energy. The company is now working with successful entrepreneurs and investors who are contributing to its growth.

 

Additionally, the change led to the increase in sales of solid assets making Obsidian, one of the best investment industries in the whole of Canada. Profits have also doubled leading to economic development and growth of the firm.

 

Change is the best thing any enterprise that is after success should embrace. For Obsidian Energy, it has employed more qualified staff compared to when it operated as Penn West Petroleum Limited. David has empowered his professionals to continue building the company’s image through maximum productivity. The markets where Obsidian Energy sells it natural gas and crude oil have also expanded.

 

The goals that the company set in its previous years of successful operations are reaching their targets with wholesome achievements. Indeed, David French has contributed tirelessly with beneficial efforts for the sake of his company. Click Here to learn more about Obsidian Energy.

 

As of now, the energy sector has grown with better market trends. These have attracted world’s investors to continue participating in building the economy. With all these, Obsidian Energy remains to stand firm in all their operations while reaping the benefits of change.

 

View Source: https://www.obsidianenergy.com/

The Evolution Of Obsidian Energy

Obsidian Energy is an oil and gas production company founded in the year 1979. The obsidian energy was founded under the core attributes involving discipline. Canadian based company has evolved over a series of titles since its foundation as a result of its different management together with the shift in the symbol of the stock. Previously, obsidian energy was known as Penn West Exploration Ltd. The obsidian industry is a moderately sized company that headquarters its central operations in Alberta, Canada.

 

Obsidian Energy is a corporation that excises on the regular strength of the production done, and firm accountability to industry stockholders, associates together with the associations involved. The company administration team that ensures all is done to the latter involves an approaching of two hundred workforces. Obsidian Energy workforce works to maintain the industry well-balanced responsibility of high-quality assets producing approximately thirty thousand barrels of oil on a daily basis.

 

In addition to the industry management team, presently, David L French holds the company executive positions as the president and chief executive officer. David officially began working as an executive leader at Obsidian Corporation in early 2016. Prior, he worked at Bankers Petroleum Ltd, a gas company based in Calgary, Canada.

 

In addition to staff steam working towards the development of the brand across the globe is David Hendry; he works as the Chief Financial Officer. The production and technical services department is also headed by Andrew Sweerts. Additionally, the business development and commercial department is led by Mark Hodgson as the Vice President together with Tony Berthelet who serves in the similar position in the development and operation departments. The Obsidian team works purposefully to develop and sustain relationships with employees. Read This Page to learn more.

 

Meanwhile, Obsidian Energy is committed to making a positive impact in the communities. The industry is among the top environmental organization that reduces the negative impacts of its operations on the scene by meeting thoroughgoing environmental control, resource protection, together with the restoration of mined land to their original form. Obsidian Energy corporate administration also pledges to ensure all parties with an interest in the company have a clear understanding of the company approaches in legal matters together with operations.

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