Obsidian Energy: Building Petroleum Wells in Western Canada

Canada occupies a huge territory, which is more than 9 million square kilometers, and it is considered as the second largest country on Earth by area. Because of the vast landmass that it occupies, oil and petroleum companies in Canada are rushing through its barren lands and trying to locate deposits of oil and petroleum. The western part of the country is rich in oil and petroleum deposits, and many companies are operating in these areas. Obsidian Energy is a Canadian oil and petroleum company that is headquartered in Calgary, Alberta. The company has been operating for several years, undergoing several brand name changes. They were previously known as Penn West Petroleum, and they have a huge number of oil and petroleum wells on the western side of the country.

 

In the past, Penn West Petroleum partnered with several drilling and exploration companies, and one of the areas that they surveyed before was the large mass of land in Western Canada. Penn West Petroleum invested in the project to find oil in the barren Canadian region, and after weeks of exploration, they succeed and located the oil and petroleum deposits. Penn West Petroleum immediately constructed their oil and petroleum wells, and extracted the resource underground. This discovery made Penn West Petroleum as one of the most valuable oil and petroleum companies in Canada, and they even made it to the top 60 companies, based on the Toronto Stock Exchange. Penn West Petroleum is able to produce 31,000 barrels of oil per day, and the business was doing great for them. However, oil prices went down in 2014, and this left a huge impact on Penn West Petroleum.

 

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From being a $9.5 billion worth company, Penn West Petroleum started to devaluate. They had to forcefully lay-off thousands of their employees, and their stock market value plummeted. The company also had to go under a restructure and rebranding process, changing their brand name from Penn West Petroleum to Obsidian Energy and reshuffling their company organization, making David L. French the current president and CEO. David L. French admits that Obsidian Energy is facing a number of challenges currently, but he believes that the company can get through it.

 

See: https://en.wikipedia.org/wiki/Obsidian_Energy

The Factors that Made Matthew Autterson to Succeed as an Entrepreneur

Matthew Autterson is a successful entrepreneur with over twenty-five years of experience in the financial industry. He is also a renowned academician. He served as the president of Resources Trust Company. The institution is one of the well-known and largest financial institutions. AIG sold the company to Fiserv in 2001.The Company had over 200,000 clients while Matthew was serving as its president. The company’s assets were over $20 billion. The deposits from its 700 employees totaled 1 billion. The leadership of Matthew Autterson enabled the company to be one of the successful financial institutions.

 

Matthew Autterson received a high-quality education from the best institutions in the country. The knowledge and skills he obtained enabled him to succeed while serving in various institutions. He earned his bachelor’s degree of Finance from Michigan State University. He graduated from the institution in 1980.He then proceeded to the University of Denver and advanced his knowledge in tax program. Matthew obtained a lot of skills and experience while serving in various institutions. He started his career at First Trust Corporation. The company was stills a subsidiary of Fiserv. He left the company in 1982 and pioneered Integrated Resources. The company used to operate under New York business. Integrated Resources enabled Matthew to rise to a higher level in his career. 1986. The Company was later sold to Broad Inc. It was later sold to AIG in 1998 at the cost of $18 billion. The operations of the company were improved under the leadership of Matthew. He led the company to acquire many resources.

 

Matthew Autterson served in various positions at different companies. The institutions that he served in enabled him to gain a lot of experience. Currently, he provides services to the Falci Adaptive Biosystems (FAB). He has contributed a lot to the company as the member of Board of Directors. He also worked at Denver Zoological Foundation. He was promoted to serve at various positions in the institution. His able leadership led to the improvement of service provision in the institutions. Moreover, he serves as the CEO and the president of CNS Bioscience, Inc. The institution was established in 2013, but it has experienced significant due to the leadership of Matthew. Go To This Page for related information about Matthew Autterson.

 

The solid foundation in education and expertise in the financial sector has enabled Matthew Autterson to succeed as the entrepreneur. His contributions have been appreciated at Colorado programs. He also contributed to many philanthropic programs.

See: http://www.whitepages.com/name/Matthew-Autterson

Market America Convention 2017 and its Positive Impacts

Multi-level marketing and product brokerage is the undisputable next big thing in the today’s business world. The business model has been able to change everything and as a result, Market America being in such category has tremendously grown to greater heights and is currently the talk of the town. From the events, the company has been holding to their products and the famous Market America Convention 2017. It is evident that the rate of growth of every company is very certain and the famous Market America has proved to be a giant.

Market America was established in 1992 by a famous businessman and an experienced businessman by name JR Ridinger in partnership with his wife Loren Ridinger. The company have expanded so well in the past one decade and have opened several branches across the world. Apart from Greensboro which is their headquarter, the company also have other branches in the United Kingdom, Taiwan, Singapore, Hongkong, Malaysia and many other branches across the globe. The company has been able to generate over $3.8 billion as revenues since they started a business. They have also paid commissions worth $2.2 billion to their distributors across the world. This is of great value and has tremendous impacts towards the progress of the company.

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Hussain Sajwani’s Unparalleled Entrepreneurial Spirit

The real estate sector in Dubai has no doubt seen astronomical levels of development in the past seventeen years. The UAE government decree of two thousand and two, allowing people of foreign origin to own properties in Dubai, contributed a great deal to the construction boom. To mention the Dubai real estate boom without mentioning the name of DAMAC Properties Chairman, CEO, and Founder, Mr. Hussain Sajwani will be grossly misrepresenting the contribution that real estate mogul has made.

 

Born in a rather conservative middle-class home in 1954, Hussain Sajwani made it to the University of Washington where he graduated with a degree in Industrial Engineering and Economics. After his graduation, Hussain Sajwani worked for GASCO where he offered service as a contract manager. This was to be a short spell as he discovered his entrepreneurial spirit two years later when he moved out and formed a catering firm. The firm catered to various customers including the US army in a relationship which flourished during the Operation Desert Storm. Today the company operates under the name Global Logistics Service.

 

In 2002 he founded the DAMAC Properties, and successfully oversaw its growth to be one the giants of the Middle East construction industry. It is here in DAMAC Properties that his astute business nature has come to flourish. Taking advantage of an improving real estate environment in Dubai, DAMAC owner, through his company, made a series of decisions that altered the commercial and luxury real estate market in Dubai. With a policy of developing properties on low cost land and then marketing them heavily, DAMAC was already a company to watch a few months after it was formed.

 

In his character of establishing relationships with high profile clients and developing partnerships with other entrepreneurs business, Hussain Sajwani family teamed up with Donald Trump, another real estate mogul, and the current US President. Together they have built projects like Tiger Woods-designed Golf Course and others under consideration. Learn more: https://www.crunchbase.com/person/hussain-sajwani#/entity

 

Hussain Sajwani participates in philanthropic ventures too, donating huge sums of money to various courses such as clothing children of poor neighborhoods around the globe and towards helping young entrepreneurs find their ground in the business world. Learn more: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15

Roberto Santiago Manaira Shopping Mall Magnate

The Manaira Shopping Mall in the state of Paraiba is one of the success stories of the Brazilian economy with the entrepreneur, Roberto Santiago taking the credit for the rise of the shopping mall as a major part of the economy of the region and the nation as a whole. Shopping malls form a major part of the Brazilian economy and Roberto Santiago is leading the cause for celebration in the retail industry which grew by 6.5 percent in 2015 and remains one of the strongest reasons for celebration in the Brazilian economy; Roberto Santiago has built a growing shopping mall empire with his malls providing many more services than simply leasable retail space.

 

Born in 1958, Roberto Santiago studied Business Administration before embarking on a career as a leading retail and business expert with his first investments made in a manufacturer of cartons and packaging. One of the most respected businesspeople in Brazil, Roberto Santiago has developed a competitive edge which was honed during his years as a leading competitor in motorsports events across the nation. Competing in motocross and karting events has given Roberto Santiago the sense of competition he has taken to the retail industry as he has developed one of Brazil’s largest and most popular shopping malls.

 

The mall created by Roberto Santiago in the state of Paraiba has been developed to include a range of options for the people of the area to enjoy including an impressive college and one of the top concert venues in the state. Within the Manaira Shopping Mall, Roberto Santiago has ensured the people of the second largest region in Brazil have the chance to explore the cultural side of life with the addition of an expertly designed concert hall for visitors to the Mall to enjoy. The concert hall is known as Domus Hall and has been created with the best acoustics available and has been praised for the standard of the air-conditioning used to create a comfortable and impressive atmosphere for visitors.

 

As one of the leading retail industry entrepreneurs in Brazil, Roberto Santiago has built an enviable business empire which has the Manaira Shopping Mall at its heart. The opening of the Manaira Shopping Mall saw more than two million customers pass through this retail center in 2015.

 

The Re-branding Of Obsidian Energy

This is a company that produces both natural gas and oil and it is located in Calgary, Alberta. Previously it was known as Penn West Exploration Ltd. The current identity, Obsidian energy name was given by the stakeholders of Penn West Exploration Ltd who voted 92% for the sake of resolution. The name was given since Obsidian is a volcanic glass that occurred naturally and also was easy to sharpen and hone it as explained by the CEO of the company Dave French. According to Toronto stock exchange, it ranked top 60 companies in the market.

 

Obsidian investment report

It paid higher dividends to its shareholders which brought an increase in annual rate ranging from 15% and 16% at the beginning of the year 2008. On that, it gave a relative frequency for equities which were shortlisted in the New York Stock Exchange. Since the collateral security is viewed as a palatable resource, the dividends given to the stakeholders are not taxed at normal dividend rate, but it is handled as return on investment instead of return on capital and this is an added advantage to the United States and it is applied to all loyalty trusts.

 

Financial Accounting problems

In the year 2014, the company employed a financial officer who in his financial analysis, came up with a report showing how the company’s financial accounts were being mishandled and this lead to a misclassification of almost $300 in expenses. Obsidian Energy had reduced its workforce to almost half from the year 2012 to June 2014. It realized a profit of $143 in the second quarter of the year 2014 which was a representation of 29% per share capital. The company reported that results showed that there were accounting irregularities summing up to $381million in the year 2013 and 2012. After getting support from auditors who they contracted, they revealed that $70million used in operating was reclassified as capital expenditure on stuff like plant and equipment.

 

Economic problems

From the year 2013, Obsidian Energy started to face a reduction in the number of employees from 2,350 to a minimum number of 1,000 employees. Due to the reduction in the price of oil, the company decided to reduce 400 full-time workers and contractors basically from the main branch which is a representative of 35% of all workers in that company.

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Gregory Aziz: Poised For Greatness

National Steel Car has solidified its place in history as a leading tank car and railroad freight manufacturer. With high-quality products and a one of kind dedication to customer service, National Steel Car has been able to create substantial partnerships throughout the business world. An innovative company, National Steel Car is always looking to the future to develop new and exciting technologies. This commitment to excellence has helped National Steel Car grow from a company of just 600 employees to almost 3,000. With a steady increase in growth on the horizon, National Steel Car is poised to continue its reign as one of the world’s most successful and revered freight car manufacturers. Go To This Page for more information.

 

While National Steel Car may enjoy a legacy on top, the company also takes the time to look at the community. Located in Hamilton, Ontario, National Steel Car is a major contributor to the charities in the surrounding area. In addition to its international prowess, National Steel Car shows that everything it does comes full circle back to its community. Not only is it a major employer for Hamilton but it is also a patron of the arts as well, donating to the local opera and theater groups.

 

On the cusp of such a positive reputation, many may ask about the leader of such a powerful and benevolent company. Since its purchase in 1996, Gregory James Aziz has served as Chairman, President, and CEO of National Steel Car. He has shown a remarkable head for business and grown the company substantially since he took over to make it one of the world leaders in rail car engineering and manufacturing. He is constantly pushing the company in the direction of innovation and is a major driving force behind its impeccable reputation.

 

To build such a strong company, Greg Aziz created a strong foundation for himself in the business world. A London, Ontario native, Greg James Aziz attended the University of Western Ontario where he received a degree in Economics. There is no doubt that he parlayed the skills learned within his classes to grow National Steel Car to the powerhouse that it is today. After attending school, he started working in a position with the family business, Affiliated Foods. A major company on its own, Gregory Aziz oversaw the substantial growth of Affiliated Foods until the purchase of National Steel Car. It seems that no matter what he is doing, Greg James Aziz has been poised for greatness in the business world.

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National Steel Car Chairman and CEO, Gregory James Aziz

Greg Aziz is a famous CEO or rather a huge name in the vehicle manufacturing sector and has been on the frontline fighting for the success of whatever he undertakes in life. He is a very big person in the manufacturing industry and happens to be the current president and the CEO of National Steel Car. He also happens to be the company’s chairman and president and has witnessed the company grow to very great heights. National Steel Company is one of the Canadian based companies making a lot of profits and has to work for nothing else but success. Greg James Aziz was born in Ontario in the year 1949.

 

At age 68, he is very productive and has kept the company moving successfully since he took over the leadership. Greg went to the famous Ridley College and later joined the University of West Ontario to pursue economics. After his graduation and attaining relevant skills, he went and left to help in the growth of a family company, Affiliated Foods. When he joined the group, a lot of changes were witnessed because he possessed very high qualities of a great leader and a business manager. He joined the company, and immediately the sales went up. He happens to be a great asset to every venture that he steps his fits on. He has great business and expansion skills.

 

In 1971, Greg Aziz wanted to pursue his dream and began practicing as a banker. He worked for several institutions, and the skulls he acquired were a very special tool to his life. He was focused on becoming a great businessman and worked in various capacities for around ten years. Greg Secker after working successfully and saving enough to purchase the company, he joined the National Steel Car which had been purchased from Dofasco. See This Article for related information.

 

Gregory J Aziz contributed awesomely while acquiring the company. He had great plans for the company and wanted to turn it into a global giant. He applied his skills, and after some few years, the company had increased its capacity. Within five years in the industry, the company’s sales expanded from 3000 units to 12,000 freight cars by 1999. They also raised employees from only 600 to over 3,000 and the figure keeps on expanding. He aims at nothing else but just success. The company under his leadership have received so many performance-related awards, and its success stories have been awesome. Success has been witnessed, and they are still expanding.

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Meet Gregory Aziz; The Man Behind National Steel Car Success

To manufacture high-quality railroad freight cars has been a challenge to many engineering and manufacturing companies. But with proper innovation, workforce, as well as a capital investment these companies, can be very successful. National Steel Car is one of the companies that manufacture distinguished railroad freight cars. Currently, the company is leading manufacturer of rail cars in North America, and it is headed by Gregory James Aziz. Greg Aziz is a significant investor who believed with proper investment National Steel Car will continue to manufacture efficient and more durable rail tank cars. Learn More Here.

 

 

1Gregory J Aziz was born in Ontario. His desire to become an entrepreneur was high. This made him attend Ridley College for education and later joined University of Western Ontario where he majored in economics. This training made him a better person who was ready to face life. After the education, Greg Aziz joined Affiliated Foods which was his family’s business. He helped the company in becoming one of the largest flesh food importers. He also helped the family business in accumulating massive capital as a result of significant sales.

 

 

Greg James Aziz later moved to New York where he actively worked in investment banking. At that time, he had accumulated enough capital that he used to purchase National Steel Car from Dofasco. Greg Aziz new well that this purchase was worth and planned very well how he was to make the company better in the production of high-quality railroad cars. He invested heavily on personnel. He hired highly trained engineers who were ready to work hard. He also invested in technology.

 

After some time, the National Steel Car had increased it manufacturing capacity to 12000 rail cars from 3500 annually. The company also has created many job opportunities for young engineers. James Aziz has also worked closely with National Steel Car staff to ensure they make quality rail cars that meet their client’s needs. He has helped the company in getting contracts of railcars from great companies that transport flammable fluids. Canpotex is one of the companies that get rails cars from Greg’s manufacturing company. Canpotex specializes in potash supply, and they are happy that National Steel Car doesn’t disappoint.

 

Greg Aziz made sure that National Steel Car received certification as the only manufacturing and engineering company making rail cars. On top of that, his leadership has made the engineering company receive great awards of excellence such as TTX SECO. On top of that, Greg Aziz has been giving back to the society. Together with his wife, they have sponsored the Royal Agricultural Winter Fair in Canada.

More on: https://www.bloomberg.com/research/stocks/private/person.asp?personId=39124620&privcapId=35787198

Gregory Aziz – Excellent In Business and Philanthropy

Mr. Gregory James Aziz is the President and Chief Executive Officer of National Steel Car, a company that designs and creates freight train cars.

 

He was born in the city of London, located in southwestern Ontario, Canada. Greg Aziz went to Ridley College and later on, obtained a degree in economics from The University of Western Ontario.

 

He was presented with an offer to join his family’s wholesale food business Affiliated Foods, in which he would become the manager. With his managerial skill, Greg James Aziz was able to grow the company and within sixteen years, it became one of the foremost importers and distributors of fresh foods, dealing with countries such as South and Central America, Eastern Europe and The United States.

 

Gregory J. Aziz moved to New York to pursue opportunities in the investment banking venue. After negotiating various deals, he was able to acquire National Steel Car from the Canadian company, Dofasco. His plans were to transform the ailing company into a vibrant railroad freight manufacturer. In fact, he wanted it to be the number one in the United States.

 

1Through planning, teamwork, great engineering as well as human investment and capital, Mr. Aziz was able to exceed his goals. Within five years, National Steel Car went from manufacturing 3,500 to 12,000. Employment increased from roughly 600 staff members to approximately 3000.

 

National Steel Car is at the forefront of producing railroad boxcars through intense design and the creation process. They have won awards from multiple entities, including TTX SECO, the committee that honors railroad manufacturing companies that meet their stringent standards of producing quality products, deliver, customer service and more. Go To This Page for additional information.

 

Greg Aziz does not feel satisfied just because National Steel Car has received many awards, he believes in continual progression to stay in the cutting-edge position.

 

When he is not occupied with railroad freight car business, you might find Greg involved with his charitable works. Aziz has dedicated time and funds to places including the United Way, Hamilton Opera and The Salvation Army.

 

Every Christmas, he sponsors a huge National Steel Christmas party for current and former employees and their children. Aziz also participates in a food drive, supported by the company, to supply the local food banks.

 

Mr. Gregory James Aziz and his wife Irene are patrons of the Royal Agricultural Winter Fair, which is Canada’s most outstanding agricultural festival. The celebration features attractions including cuisine, entertainment, farm animals and horse racing.

 

See: http://classmobs.com/2017/09/15/gregory-aziz-is-the-leader-the-railcars-need/