Canadian Oil And Gas Company Obsidian Energy

Located in Calgary, Canada, natural gas and oil production company Obsidian Energy was previously known as Penn West Petroleum before it underwent a name change in June of this year. The mid-size energy company is led by President and CEO David L. French, and has around 300 employees. Its oil and gas fields are located in Alberta, which is a city that has one of the world’s largest petroleum reserves. The business is one that has been in operation for over 30 years but has gone through a few name and board member changes.

 

The company is traded on both the Toronto and the New York Stock Exchange as OBE, and is considered to be one of the Toronto area’s biggest companies. Through their Community Matters program, the leaders of the business work to make a positive impact on the communities they serve by encouraging their employees and contractors to have an open dialogue with the residents to address any concerns they may have about the service or possible dangers that may occur.

 

Obsidian Energy also looks into ways to try to minimize the effects the company’s operations have on the environment, and they have safety programs that are aimed at protecting the company and its employees, as well as the public. In an interview that CEO David L. French had with the Toronto Stock Exchange, he expressed that he is proud of the excitement and the enthusiasm within his company. He also said that the business has been through an extraordinary transformation, and that Obsidian continues to be a good opportunity for investors.

 

Obsidian Energy is looking to expand in many ways, and is currently seeking out more opportunities to do so. They offer all employees a competitive salary, along with a great benefit package, and they are committed to providing their customers with continuous good service that includes adequate communication and immediate action when it comes to energy-related concerns or issues. Customers can contact them by using their toll-free number, as well as their email address, if they have questions about issues that are of a non-emergency nature.

 

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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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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.

 

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Gregory Aziz, CEO of National Steel Car

Gregory Aziz is currently serving as the president and CEO of the reputable National Steel Car located in Hamilton, Ontario. The National Steel Car is among the few outstanding freight car manufacturing corporations in Northern America. Over the years, Gregory Aziz has played a significant role in ensuring National Steel Car moves to the next level in the car manufacturing industry.

Greg Aziz is an individual with a humble and pleasant family background. Gregory J Aziz did not finish his university degree due to political unrest in Poland back in the year1980. Interestingly, he went straight into his family business affiliated to food in 1971. Before acquiring National Steel Car Corporation, Gregory Aziz worked on several banking opportunities in New York from eraly1980s to 1990s. With a great passion for engineering, he purchased National Steel Car from Dofasco in 1994 with an objective of growing it to a world-class freight car firm in North America.

Together with other technologists and innovative engineers, Gregory James Aziz successfully managed to expand the manufacturing capacity of the National Steel Car within a brief period. In fact, he miraculously increased production from 3,500 units in 1994 to 12,000 cars in 1999. With a teamwork spirit, Aziz also increased the number of employees from 600 to 3,000 during that time. Greg Aziz is committed to be a leader in freight car production in the globe.

Unlike other successful CEOs and Presidents, Gregory Aziz has been actively involved in many sponsorship programs in his nation. For instance, some of the organization he has offered sponsorship and charities include; the Hamilton Opera, the Salvation Army, Theatre Aquarius, United Way alongside many other charities. As a result of his kindness and humility, a greater percentage of his past and current staff attends the National Steel Car Company Christmas party yearly. Through the party, the organization promotes the company’s food drive for Hamilton food banks. Besides, his family has been offering their support to Royal Agricultural Winter Fair in different ways for a long time now.

With over 100 years of operation in freight car manufacturing and engineering, National Steel Car has been able to be consistently privileged with the TTX SECO quality award for over 10 years. Perhaps, Gregory J Aziz has diligently worked with his team to match their strength with efficiency in the rail field to achieve this honor. Unlike other freight car companies, the National Steel Car has earned the trust of their customers by embracing quality and high-on time delivery performance. More On This Page.

The Role of Gregory Aziz in the Success of National Steel Car

Gregory James Aziz serves as the President, Chief Executive Officer and Chairman of National Steel Car Company. National Steel Car is one of the world’s leaders in the engineering and manufacturing of rail road freight cars.

The company is Canadian based and has its headquarters in Hamilton, Ontario where they employ over 2,000 people. They are known as a company of high integrity and a lasting commitment to customer service and providing the highest in quality of products to the companies they work with.

Gregory J. Aziz first joined the company in 1994. He came from a background in investment banking, and in 1994 his company worked on the purchase of National Steel Car from its previous owner. The purchase was a major landmark for National Steel, bringing it back to former glory and allowing it to grow to new heights.

Prior to the purchase, the company had just around 600 employees. After the successful purchase, new leadership such as Greg Aziz sought to revamp the company’s focus on its internal team. One of their first two focuses was to expand their employee base and to drive a company culture of team work. In doing so, they rapidly expanded their team and brought over 2,000 new jobs to their company. This was incredible for both Ontario’s economy and for the manufacturing sector.

 

Greg James Aziz moved up the management ladder at National Steel Car. During his first few years with the company it grew in production and expanded its manufacturing capabilities to offer produce nearly four times the amount of rail cars each year.

 

Gregory James Aziz is known for continually pushing for growth from the company, urging all those he works with to always be striving for greatness. Growth is always a top priority, but that never takes away from keeping the focus on providing the highest quality products and best customer service in the industry. Click Here for More Information.

 

In addition to focusing on internal greatness, National Steel Car has a passion for giving back to their community. They support their employees’ personal charities of choice as well as charities in the community such as United Way, The Hamilton Opera and the Salvation Army, to name a few.

With the goal of growing and adapting new technologies always in focus, National Steel Car is poised to continue increasing market share in both the manufacturing and engineering sides of their business in the years to come.

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Gregory James Aziz’s Astute Leadership Skills That Led To The Success Of The National Steel Car

Investing in the quality of Production

Instead of developing the company through fraudulent means, Gregory James Aziz understood the need of quality in production. In production, it is impossible to get quality work without getting the right employees. For this reason, Gregory James did not change the employees but retained the ones that the company initially had. By the time that the company was bought from DEFASCO, there were more than 500 employees. This was quite a large number. Greg Aziz took the employees and improved their operation standards. He ensured that the employees worked under satisfactory conditions so that they could produce quality products. To attain this plan, Gregory J Aziz had set some standards under which the company was to operate. The employees had to conform to these standards to satisfy the requirements of the company.

Ensuring the employees are satisfied

In as much as it is hard to satisfy the needs of the employees, James Aziz came up with a new compensation plan that would motivate the employees. The working conditions in Canada are usually very fair, but Gregory made them better for his employees. Since the company was completely under his watch, he understood that all the credits would be his if he succeeded. The employees that were initially in the company had to be made to feel better. Better compensation and working conditions motivated the employees to work under the new standards of requirements. Visit This Site for related information.

The importance of quality in the development of the company

Gregory James Aziz had a dream of making the National Steel Car to be the major company in Railroad manufacturing. The CEO did not have a definite plan at first but to ensure that the production was of high quality and the employees would give a satisfactory service in the end. To achieve this, Gregory James insisted on giving a good quality to the manufacturing. The cars and the car parts that were produced had to conform to the required standards by the Canadian government. To the advantage of the company, most companies that made the same products did not get to the required standards, and this increased their customer base. The increment in the number of customers increased the need for expansion and more production. The company had to increase the number of employees as well as the rate of production. The development saw the company expand in five years from a regional company to a worldwide competition.

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Why Gregory James Aziz Has Changed The Face Of The National Steel Car

The initial desires of the entrepreneur

Gregory James Aziz had always wished to be one of the most influential people in the world. He understood the beauty as well as the responsibility of being an entrepreneur. As he was growing up, Greg James had a lot of questions. He did not know how to go about them or what to do to change the situation. After seeing how the family operated the business, James Aziz saw a huge gap. He was incapacitated because there was very little he could do to change the situation. His parents did not want him involved in the business as it would affect his studies. In his mind, there were very many things that individuals could do to change the world.

The test of his entrepreneurial skills

At the age of 22, Gregory J Aziz was already done with his University education. Gregory graduated with a degree in Economics from the University of Western Ontario. Having completed his education, James Aziz was given power by his parents to put his university education into practice. All his thoughts could now become a reality, and he had all the resources and opportunities. In less than a decade, about eight years, the operations of the company had increased from just a local food import company to an international one. He ensured that the company competed effectively in the market, both in Canada and the entire North America. The operations of the company were further increased to Europe where new markets were found. Gregory J Aziz made huge contributions that the ones the parents made over the last decades. Later, the food import company became one of the best in North America, South America and in Europe.

Changing the face of the National Steel Car

By the age of 43, Gregory James Aziz became the CEO of the National Steel Car. When Greg James was pushing for its purchase, he already had a plan in mind. His astute understanding of business operations led him to give his best operations to the company. From his managerial skills, the number of employees that were added to the company within the first five years of Greg’s tenure was more than all the other decades combined. The rate of production was improved, and the quality of the car products was high. From this focus, it was quite easy to bargain the worth of the products, and this gave him a large consumer base. See This Page for additional info.

Gregory J Aziz Contributions To National Steel Car

Gregory James Aziz serves as the president, chairman and chief executive officer of National Steel Car, located in Hamilton, Ontario. National Steel Car is one of the top manufacturing railroad and freight car companies worldwide. The company has been in operation for more than 100 years. The company always works towards providing their clients with quality services in the manufacturing and engineering industry.

 

National Steel Car was founded in 1912 under the brand Imperia Steel Car. With the passionate fraternity hard working each year, the company is currently the leading railroad freight car manufacturer in North America. Since 1912, the company has been manufacturing freight cars based on the evolving needs and upcoming styles. Moreover, it ensures that it meets the standards of the railroad industry and those set by the clients. Under Gregory James Aziz’s leadership, the company has experienced notable improvements in the industry. Greg Aziz aims at providing long term solutions to the issues faced by the freight car industry.

 

Moreover, National Steel Car manufactures high-end products like hopper car, coil car, boxcar, tank car, gondola car, intermodal car and flat car. At first, before 1995, the company mainly targeted Canada, but in the late 1990s, they extended to other places including North America. The company also has an objective of giving back to the society through providing various social works.

 

Gregory J Aziz is a native of Ontario, born in April 1949. He attended Ridley College and then later joined the University of Western Ontario where he earned a degree in economics. Mr. Aziz has served in many incredible companies and banks. In 1994, Greg was one of the intelligent panelists in the purchase of National Steel Car from Dofasco Company. Greg Aziz ensured the manufacturing of cars increased from 3000 to 12000 yearly.

 

From the purchase, the residents got job opportunities. With the company’s increased responsibilities, more employees were needed which grew from 600 to 1300 in five years. Aziz worked so hard to see the core values of the companies strengthened such as rapport building, capital and human investments and engineering competencies. For several years, National Steel Car has been on the top among its competitors.

 

Under the expertise of Gregory James Aziz, National Steel Car has received a vast array of awards like TTX SECO and ISO 90001:2008 awards among others. Aziz is a high performer individual who is always focused on delivering success to National Steel Car and their clients. Go Here for more reads.