New And Fresh Beginning For Obsidian Energy

Obsidian Energy is a Canadian oil as well as a gas producer. The company was previously known as Penn West Exploration Ltd, Penn West Petroleum and Pen West Energy Trust. This company is based in Calgary, Alberta Canada. The term obsidian, which is a naturally occurring volcanic glass that is very sturdy and can be sharpened as well as honed, was seen as a favorable name for the firm. The change of the company’s name is expected to bring in energy and zeal as the firm looks forward to a new beginning. As of the year 2017, the company’s number of employees as per the record is said to be 300, with the firm’s Chief Executive Officer being David L. French. The company’s gas and oil fields are located in Calgary that lies in the western Canadian sedimentary basin. This region is very prime as it is located in one of the places in the world that boast of the highest petroleum reserves.

 

As Obsidian Energy kicks off its new journey with a new journey, there are various steps that have been formulated to help the firm rise steadily. These strategies include disciplined, technical and commercial decision making to build and fortify the enterprise value, accountability as well as transparency, undeterred pursuit of progress. These strategies are set to catapult Obsidian to greater heights of success in the oil and natural gas industry.

 

Obsidian Energy is expected to succeed because the firm has enough assets, a remarkable balance sheet and a top-notch strategy that is tailor-made and meant to steer the company to the right direction. The firm’s chances of successes are very high even in periods characterized by lower prices. Click Here For More Info.

 

The company’s shareholders unanimously agree to go by the resolutions that were stipulated in the Notice of 2017 annual and special meeting and management proxy circular that dates back to 30th April 2017 dubbed the “informer circular.” Matters highlighted include appointment of a director, election of directors and approval of the amendment to restricted share unit plan. Obsidian Energy’s future looks very promising.

 

Related Article: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/