Great Work of Gregory James Aziz at National Steel Car

Gregory James Aziz is the sitting president of the National Steel Car Company. The company was started long ago, and it has experience of more than 100 years. The main products that the company produce are the railroad’s products. Greg has put in place a proper strategy of the National Steel Car that marks the level of quality of the products that are being produced in the company. Furthermore, there is a team of well-trained experts who are dealing with matters of marketing of the company’s products.

 

This move has helped the company maintain the same level of marketing tempo as compared to the rival firms in the market. Since Gregory James Aziz acquired the company in the year 1994, it has passed through various stages of transformation through his leadership. Gregory Aziz believes in the spirit of teamwork, and this has made him diversify most of the duties that are considered to be technical to the company.

 

National Steel Car has opened different branches in various regions with the intention of reaching to as many clients as possible. All the departments that have been opened in Europe and America are managed centrally at the central office which is located in Hamilton. The company has stretched its limits also to prove that they are working within the set and the required standards. This has been marked by the certification of the ISO. National Steel Car is at the moment entirely recognized as ISO 9001:2008 certified. Through the dedication of the staff of the National Steel Car, the company has received quite some accolades for the past ten years. The primary mission of the organization is to provide products to their clients that meet the required standards and remain an excellent company in the market. Click Here for additional information

 

Gregory acquired its skills of leadership while he was still young. He was taking part in assisting the family business and later rose to the management position. At this point, his achievement was seen when Greg expanded the local export to the international scheme. He started his studies in his home country and later at the Ridley College in Canada. Greg pursued economics as his career course and the University of Western Ontario. Aziz then practiced his skills in business at the age of 22 when he assisted in the family business. Additionally. He has worked at the top position of many banks in the city of New York.

Gregory James Aziz is an excellent businessman with pragmatic skills and has contributed much to the growth of the National Steel Car Company.

National Steel Car: A Look at the Company’s Early Beginnings

The National Steel Car is considered as one of the most successful companies in Canada today. However, the company faced many challenges in the past, and they have experienced being on the brink of declaring bankruptcy. Gregory James Aziz is the current owner of the company, and he also serves as the president, chairman, and CEO. Gregory J Aziz is renowned as the person behind the present success of the company, and people believed that without his kind of leadership, the National Steel Car would have never been able to save itself from becoming bankrupt. The brilliant ideas of Gregory James Aziz made the National Steel Car a competitive and successful manufacturing company today.

 

Back in 1912, a group of wealthy individuals who are living in the city of Hamilton, Ontario saw how the Canadian Government is exerting their effort in finishing the Trans-Canadian Railway. This massive network of railroads would connect the eastern portion of the country to its western territories. The government is spending millions of dollars to finish the gargantuan project, and this group of wealthy individuals in Hamilton is thinking about how they could benefit from the project. One day, the group met and discussed their suggestions and recommendations, and one of them shared a brilliant idea – he suggested that they establish a company that would manufacture rolling stocks, or train cars, because the government would need them to transport goods, services, and people. All of the members who are present in the discussion agreed to the suggestion, and the National Steel Car was born.

 

During the early 1920s, the National Steel Car is considered as one of the most successful rolling stock manufacturers in the country. The 1920s decade is also considered as the National Steel Car’s golden age, because during this time period, the company is able to sell a huge number of rolling stocks. Their orders are sky high, and many rail transport companies and freight movement companies wanted to get their own rolling stock. The National Steel Car even received orders from the Canadian Government, and the company’s profit reached an all-time high. Find More Additional Here.

 

However, everything changed when the world experienced a massive economic breakdown. Many businesses in North America closed down, but miraculously, the National Steel Car is not one of them. They continued to exist, creating different types of products aside from rolling stocks. Today, the National Steel Car discontinued the production of non-rolling stock products, and under the supervision of Gregory James Aziz, the company is experiencing a second golden age.

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Penn West Acquires A New Name

There are very many companies in the modern market that have been specializing in the energy market. This is because the sector is believed to be profitable, especially when the leaders have all the knowledge required to survive the tough economic times. For several decades, only the wealthy individuals in the society have been investing in this industry because of the amount of capital that is needed. The few consumers who invest in this area make a lot of money. Sometimes, however, these investors can make huge losses, especially when there is a significant drop in the prices of fuel and oil. The only people who can survive in the complicated market are those that have a lot of expertise in the energy markets —  among them is Obsidian Energy.

 

Obsidian Energy, formerly known as Penn West, is a well-known energy company that has been making headlines in the modern times. The energy company has been operational for a while now, and it is slowly earning the trust of consumers in the world because of the quality of services it has been offering the customers. The institution is currently considered to be among the fastest growing energy companies that are found in the United States at the moment. Getting to the top position in the complicated industry has been a complex and painful journey for the firm. The leadership of the firm has been dedicated to making sure that the investors and consumers never get a chance to complain about the quality of services they get from the firm. These leaders have all the knowledge that is available in the energy world, and this has made them experts when it comes to making any complex decisions in the market. The investors in the firm have nothing to worry about because their investment is always in the right hands.

 

Although Obsidian has been very successful, it has to deal with numerous challenges. Because the management is only focused on delivering the best services to the consumers, the company has remained unmoved by these challenges. Just recently, the institution announced that it would be changing its name. According to the firm, the institution will be operating under the name of Obsidian Energy. The new name will be used in less than five working days. Investors will not be affected by the change of name in any way.

 

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

The Rise of Obsidian Energy Company

It is a company which is based in Canada. It was previously known as Penn West Exploration Ltd. The company focusses in production of oil and natural gases. The company has been doing well for a long time not until in the year 2014 when it received financial difficulty. The financial difficult was as a result of falling in the price of the oil. The company experienced difficulty to a point where some of the assets were sold.

 

 

However, the company underwent some changes in the pursuit of reforming. That is when the company was renamed to Obsidian Energy Petroleum to pursue modest growth. The management knew very well that the extension would not come automatically and they recognized that extra efforts need to be put in place. All the reforms were to ensure that there was consistency in growth for the next three years. After the resolution, 92 percent of the shareholders voted in favor of the decision. According to Dave French who is the CEO, the company chose the name because the Obsidian is a naturally occurring company.

 

 

After some years of hard work and dedication, Obsidian was able to survive enormous debts. The assets were sold, and the company was able to reduce its debt to $384 million. All the focus was in sharpening the of the vital production sectors. The other thing that was done to deal with the crisis is to reduce the number of the employees. Apparently, the company is based on discipline, relentless passion for the work. 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 shareholders must be accountable to nay activities that take pave in the company. This is the secret that has made Obsidian Energy to emerge stronger despite the challenges that were experienced in the previous years. Every company has some goals set aside and every other worker needs to work towards the realization of the goals. All the assets are strategically placed and there are able to provide a platform for the growth and deliver services to the clients. It is a clever way employed by the company to ensure that they achieve their goals.

 

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Obsidian Energy – The Oil and Natural Gas Company

Obsidian Energy Limited (previously known as the Penn West Energy Trust, Penn West Petroleum, as well as the Penn West Exploration Ltd.) is a mid-sized Canadian company for that specialize in the production of oil and natural gas. The company is based in Calgary city, in Alberta, Canada.

 

For a while, when Obsidian Energy Ltd. was among the S&P/TSX 60 index, the 60 largest companies that were listed Toronto Stock Exchange. From the year 2005 to 2011, it was a CANROY (Canadian Royalty Trust), and it managed to reach a peak market capitalization which was on Jan. 2008 of roughly USD 9.5 billion.

 

The oil and gas fields of Obsidian are situated in Alberta, at the WCSB (Western Canadian Sedimentary Basin), which is a region that is among the largest petroleum reserves in the world. Production comes from the three main areas in Alberta: The Alberta Viking, Peace River oil sands, as well as the Pembina Cardium. The total production in the year 2017 is anticipated to average roughly 31,000 bbl. equivalent each day.

 

According to the article in the BOE Report, the Penn West Petroleum announced that their shareholders had changed its brand name to Obsidian Energy Ltd. on 26 June 2017. In conjunction with their name changing, their stock symbol was replaced with OBE on the New York Stock Exchange and Toronto Stock Exchange.

 

David French, the Chief Executive Officer, and President commented that they were pleased to acknowledge the last step in their transformation with the change of the company’s name to Obsidian Energy.

 

As Obsidian Energy started a new chapter in their story, they are going to guide their three principles. These principles are disciplined technical plus commercial decision-making to build as well as protect the value of the enterprise, relentless pursuit of innovation and progress, and accountable as well as transparent efforts with their partners, shareholders, plus the communities in which the company operates.

 

David continued saying that Obsidian Energy Ltd. is positioned well with a healthy balance sheet, the right assets, as well as a reasonable hedging strategy that is going to allow Obsidian to be capable of setting a standard for performance and this is even in environments that are a lower price. Go Here To Learn More.

Obsidian Energy Has Restructured Its Business Model

Recently Penn West Petroleum re-branded to Obsidian Energy. The company plans to position itself strategically in the Canadian Market so that it can attract modest growth in the short-term period of close to three years. One of the strategies that the company will employ to ensure that it’s on a profit-making trail is limiting its spending budgets to the prevailing prices of oil and gas.

 

During a meeting to discuss the change of identity for Penn West Petroleum, 92 percent of the shareholders voted in favor of the new status Obsidian Energy. The inspiration behind the name obsidian came from a naturally occurring volcanic glass called obsidian. The glass has the unusual characteristic that allows it to be sharpened and honed. Dave French, the CEO of the company, expressed his optimism about the future growth of the business.

 

Over the past few years, Penn West has experienced turmoil in its business with soaring debts threatening the future of the company. However, the company managed to weather all the challenges by settling all its lawsuits last year. To bounce back, Penn West had to liquidate some of its assets so that it could reduce its debt portfolio. The company has also narrowed its business scope to only four critical areas of production from the initial thirty.

 

Obsidian Energy has also restructured its business model by downsizing the number of employees on its payroll. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Initially, the company had 1,400 employees, but at the moment, the number is down to 300.

 

At the moment Obsidian is ranked as a medium-size oil and gas producer. The firm boasts of a high-quality asset portfolio that has the capacity of churning over 30,000 barrels of oil every day.

 

Obsidian Energy’s asset base and the organization structure the company has adopted provide the right foundation for the firm to take off. Also, an entrepreneurial culture and the values that have been inculcated by the management enable the business to record bottom-line results.

 

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Obsidian Energy is a firm that is founded on the principles of discipline, passion, and humanity. Most of the employees at the company are relentless in their pursuit for better results for the business. Obsidian’s management and stakeholders believe that the enterprise is a force of change in the communities it operates.

 

Read More: https://en.wikipedia.org/wiki/Obsidian_Energy