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Posted by John Kokish on

New Name For Better Results: Penn West Petroleum Reinvents Through Obsidian Energy

It’s clear that Pen West Petroleum Ltd is now Obsidian Energy. After going through a crisis in 2013, a change of name is among the major decisions that the management of Penn West Petroleum has taken to see them bounce back and claim the reputation of being a Canadian oil giant. The management is promising new changes in the company’s structure to meet the demand of energy in Canada. After deciding on the new name, the management embarked on the process of reducing the net debt.

 

In 2013, the debt stood at $3 Billion, and recently, the company announced that the balance had dropped to $384 Million. Obsidian Energy is also focused on improving service delivery. This has seen them make adjustments in the barrel production and workforce. They have opted to go small in the beginning as the new measures are enforced before widening their market countrywide. In a few years to come, Obsidian Energy is planning to become a major oil giant in North America.

 

Obsidian’s Journey

 

Since its founding in 1979, Penn West Petroleum has gone through different developmental phases. Before crude oil prices fell maximally in 2014, Penn West Petroleum was making its mark in the gas and oil sector. In fact, the company is recorded to have accrued $9.5 billion as at January 2008. The crisis saw the company go through a restructuring process. Among the adjustments included the downsizing of the workforce and a reduction in oil production volume. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.

 

This move has seen Obsidian Energy’s revival in the Canadian energy sector. With the oil field of the company in Alberta, they are aiming at stepping up oil production in the next few years. This year’s overall oil production is estimated to be 31,000 bbl. Under the leadership of David French, the company’s CEO, Obsidian Energy is on course to reassert its dominance in the Canadian oil and gas industry.

 

Conclusion

 

The management of Obsidian Energy is very optimistic about the latest developments. The new face is determined to deliver quality energy provisions and service to the Canadian market. With the structures already in place, it’s just a matter of time before Obsidian energy reclaims its throne.

 

Visit This Page for additional information.

 

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

 

Posted by John Kokish on

OBSIDIAN ENERGY: THE OIL AND NATURAL GAS PRODUCTION FIRM

Obsidian Energy is an oil and gas production firm. The company was formerly known as Penn West Exploration Limited, Penn West Petroleum Limited, and Penn West Energy Trust but on 26th June the company merged, and it got renamed formerly to Obsidian Energy Limited.

 

The oil firm didn’t only change its name; it also went through considerable changes to be able to refine its products and services. Although these significant changes influence every sector of the company, they were also able to lead to the noteworthy growth of the oil and natural gas firm. Obsidian Energy is a brilliant energy producing company and it manages to produce approximately a whopping 30,000 boe daily. The mid-size oil and natural gas company employ a well-balanced and disciplined team throughout its ranks. The passionate entrepreneurial spirit that revolves around the company can be clearly seen through the results it has been able to come up with.

 

Obsidian Energy is based in Calgary, Alberta in Canada. Obsidian Energy was started in 1979 and its headquarters is in Calgary. However, the company has oil and natural gas wells all over Western Canada. These wells are located specifically in the Western Canada Sedimentary Basin where some of the biggest petroleum reserves are located. Obsidian’s oil and gas production is done in Peace River Oil Sands, Alberta Viking and Pembina Cardium.

 

The company’s CEO and President is David L. French and it employs approximately 300 employees. Mr. French joined the company in October 2016. Other experienced staff that Obsidian employs include; David Hendry who is the Chief Financial Officer, Tony Berthelet the Vice President of Development and Operations, and Andrew Sweerts the vice president of production and technical services among many other professionals.

 

The oil and natural gas firm managed to maintain the position of one of the sixty largest companies in the Toronto Stock Exchange for the longest time. However, between 2005 and 2011, the company was under the Canadian Royal Trust. It was during this period that Obsidian was able to reach a peak in market capitalization. In January 2008, the company reached a market value of around 9.5 billion dollars. In 2014, the price of world crude oil decreased but the company was able to stay afloat.

 

Go To This Page to learn more about Obsidian.

 

Posted by John Kokish on

Greg Aziz Enhances The Growth Of The National Steel Car

Today, the business world is regarded as volatile, uncertain, ambiguous and complex. With such an environment, it is important to stay productive throughout. Harvard Business Publishing’s post, “Leading Now: Critical Capabilities for a Complex World” highlighted major characteristics of effective leaders today. The article noted that effective leaders manage complexities and global businesses, and act strategically. In addition, these business leaders leverage networks, foster innovation, inspire engagement, cultivate learning agility and develop personal adaptability. Gregory James Aziz is an example of an effective leader who exhibits the above traits and has the flexibility to adapt to new scenarios in the volatile environment. Owing to his transformation leadership, Greg Aziz has expanded National Steel Car’s manufacturing capacity from 3,500 to 12,000 cars per annum. View More Information Here.

 

James Aziz is the chairman, president and CEO of National Steel Car, North America’s railroad freight car engineering and manufacturing company. National Steel Car ranks as one of the largest manufacturers in the railroad sector in the world. The Hamilton-based company has a competitive edge in developing new railroad freight cars while demonstrating a relentless pursuit for quality. According to Gregory J. Aziz, the National Steel Car owes its success to its people, who are committed to excellence. He added that the team is constantly taking new challenges, as they continue to lead the way in the industry.

 

Under James Aziz’s control, National Steel Car has scooped the TTX SECO annual award severally in a period of ten years. The company is also committed to supporting different community initiatives in Hamilton. Over the years, this community has supported their business. To this end, the company supports various charity initiatives, including the Hamilton Opera, the Salvation Army and the United Way. Each Christmas, they organize a food donation event to support a local food bank. Greg Aziz and his wife are among the sponsors of the Royal Agricultural Winter Fair.

 

The visionary leader ventured in the world of business at a young age by working at his family business, Affiliated Foods. The enterprise distributed fresh foods to leading wholesale markets in the US and Eastern Canada. Later, he went to work as an investor in New York before acquiring National Steel Car in 1994. Upon acquisition, he capitalized on the company’s engineering strength, human and capital investment and team building abilities to restructure the company and enhance its success in the market. The visionary leader is credited for enhancing the company’s profitability margins.

Source: http://gregaziz1.strikingly.com/

Posted by John Kokish on

Gregory James Aziz Chairs National Steel Car

National Steel Car is a car manufacturing organization with a very high-performance profile. It is one of the world’s leading car engineering and manufacturing company. Most company’s performance is mostly determined by its leadership and this means that this company’s leadership is of very high experience. This is why companies always invest in experienced leaders. Gregory J Aziz is one of the leaders of this company

 

Profile

 

Gregory James Aziz is the chairman of the company. He is also the company’s CEO and president. He has achieved great things as a leader making sure that the North American rail systems be as safe as it can be. Gregory Aziz is a hardworking man who has earned many people’s trust and has made many partners with different companies. He has propelled the Company in realizing its growth and operations to its over 2000 members, making it a leader in technological advancement and quality products in its industry. He has earned the company the TTX SECCO award and has made the company be the first to receive a certificate for 18 consecutive years. He also works with the local community of Hamilton as a philanthropist. He sponsors most of their projects like renovations and construction of the Theatre Aquarius, Hamilton Opera and the Salvation Army that improve their living standards.

 

1Background

 

James Aziz was born in the year 1949. He comes from a family with an entrepreneurial history and this is where his successful journey began. He dropped out of school at an early age and to the family business. He worked in the Affiliated Foods-a leading fresh food importer for 16 years and is where he started to gain experience of running operations. His family business expanded its business operations to foreign countries from Europe to South America under his leadership. This was due to its increased business operation. In the year 1980s and 90s, James Aziz ventured into investment banking, a career path that laid a foundation for his current CEO position.

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Experience

 

Aziz has a lot of experience in the field management and leadership. Having lead operations in his family at an early age for sixteen years has made him be one of the best. He expanded his family Affiliated Food business and was given more managerial fields to manage in the family business as it expanded to other countries. His entire work has been about operation leadership and he has a lot of experience in that field. Related Information On This Page.

Posted by John Kokish on

Gregory Aziz, the CEO of a Canadian Railcar Company

Gregory J Aziz was born in Ontario, London. He went to the University of Western Ontario and majored in Economics, after graduating from Ridley College. Greg is now the CEO, manager and also president of National Steel Car.

 

National Steel Car is one of the oldest manufacturing companies. It is over 100 years old in manufacturing and engineering railroad freight cars. Furthermore, NSC is a company that has grown from a humble background, and become one of the greatest companies worldwide. It is one of the leading engineers and producers of freight cars.

 

Greg Aziz bought NSC from Dofasco in 1994. He was then working in New York as an investment banker. He had been in this field of Economy for over eight years, and he liked it because he had specialized in the area while at the university. This made him an expert. However, Gregory James Aziz felt a lacking. His urge was to own a company. Working with investment banking opportunities was not giving him any guarantee. Therefore, when he felt ready, he went ahead to buy NSC from Dofasco and thus fulfill his dream.

 

Greg Aziz wished to make National Steel Car into a prominent company in North America. Its former status as a Canadian manufacturing company was not enough. He, therefore, worked towards his dream. He began by ensuring that he had addressed the challenge that initially faced the company, which was meager workforce. This alone brought the production rate down.

 

After two years, National Steel Car was able to win the TTX SECO award (1996). Getting motivated by this, it thrived to garner several more awards. Surely, for about ten more consecutive years, National Steel Car kept winning the annual award.

 

In 1999, the company recorded an increase of employment rate to 3,000. The number of cars manufactured yearly rose to 12,000. These two changes marked five times and four times increases respectively. Find More Information Here.

 

Today, National Steel Car still leads in North America in manufacturing freight cars. It also produces the latest cars and continues to build railroads all over the region.

 

The company having love for the Hamilton community and its workers holds a party every end-year. It is usually meant to celebrate its achievements and also as gratitude to both former and current employees. The families of these employees are usually also invited. Greg and his wife Irene also fund fairs and charitable organizations in Canada.

View Source: https://about.me/greg.aziz

Posted by John Kokish on

Greg Aziz, a Leading Entrepreneur, and Philanthropist

Gregory James Aziz is Chairman, President and Chief Executive Officer of National Steel Car. The firm is one of the leading railroad freight cars engineering and manufacturing globally. The company is based in Hamilton, Ontario.

Greg Aziz hailed from London, Ontario Canada and was born in 1949. He attended Ridley College and the University of Western Ontario where he pursued a degree in Economics. After school, Aziz joined Affiliated Foods in 1971 a family wholesale food business. The company grew to become one of the world’s leading importers of fresh foods from Europe, Central, and South America. The company is also world’s number exporter of fresh foods to wholesale markets in the United States and Eastern Canada.

James Aziz in the late 1980s joined the banking industry in New York, and this gave him the opportunity to organize the purchase of National Steel Car from Dofasco in 1994. National Steel Car was once a leading car manufacturer of railroad freight in Canada and Greg bought it with a view of reviving its lost glory. Greg Aziz emphasized on the company’s strong engineering capabilities, team building and made huge investments in capital and human resources and within a period of five years the company expanded its manufacturing capabilities from 3500 cars per year to 12000 cars. In addition, employment rose from about 600 workers to around 3000. See More Information Here.

The company today has risen to be the industry-leading engineering and manufacturing company with new car innovations and manufactured thousands of railroad freight cars annually. National Steel car boasts of being the only ISO certified company in railroad freight car manufacturing and engineering for 18 consecutive years and has several rounds of re-certification. The company under Greg James Aziz’s leadership has achieved a lot and among its achievements is the TTX SECO highest quality award which the company won as from 1996.

James Aziz besides being a businessman is also a philanthropist, and as part of giving back to the community, the National Steel Car has been involved in a lot of charitable activities some of which include the sponsoring of the Theatre Aquarius, the Hamilton Opera, the United Way and Salvation Army among others. The company has worked with the Hamilton community with the aim of making their lives better and has employed more than 2000 residents. National Steel Car organizes end year Christmas parties for its employees and their families. The company is also a major participant in Ontario’s food drives. Moreover, Greg together with his wife Irene are the major sponsors of the Royal Agricultural Winter Fair.

Posted by John Kokish on

How Gregory J Aziz Defines Leadership

Who is Gregory J Aziz?

Rail freight and tank car manufacturing may not seem like the most exciting industry, but National Steel Car, under Gregory James Aziz’s leadership, is an example of how a humble commitment to quality and a relentless drive to succeed can uplift any business.

 

James Aziz is the current chairman and CEO of National Steel Car, which manufactures railroad freight cars for product distributors in North America. He has been the company’s CEO since 1994, and has maintained the company’s reputation for high standards and customer loyalty.

 

Gregory Aziz’s Background and Education

Greg Aziz was educated at Ridley College, a prestigious private boarding and day school, before going on to pursue a degree in Economics at Western University in London, Ontario. After graduating he worked in his family’s food import business before moving into investment banking. In 1994, Gregory was responsible for overseeing the purchase of National Steel Car from Dofasco, and helped position the company as not just a Canadian business, but one that would be able to proudly serve all of North America.

 

About National Steel Car

National Steel Car is based in Hamilton, Ontario. The company has been a heavyweight in railroad car manufacturing for over 100 years. That’s a long time to be in business, but Greg Aziz makes sure that the company never rests on its laurels – honoring the traditions of the past while always keeping a firm eye on the future.

 

The company currently manufactures 15 different kinds of rail cars and is always working with both current partners and new clients to create new solutions, whether it’s an innovative way to transport auto parts or a car that’s designed to minimize product damage while increasing loading capacity.

 

National Steel Car has been regularly recognized with the TTX Supplier Evaluation Committee (SECO) award for over a decade, an award that recognizes the highest standards in supplier performance, customer service, finance, and quality assurance. This is a testament to the strength and vision that Greg Aziz brings to the business.

 

The company is tremendously loyal to Hamilton, and supports many local charities. Every year, National Steel Car employees participate in the company’s annual Christmas Party and its food drive for local food banks.

 

Find More Information Here.

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Gregory James Aziz’s Focus on quality in the National Steel Car

Understanding the importance of quality productions

At the family business, Gregory James Aziz received the important lesson of focusing on quality as a means of gaining the trust of the customers. Since there was a high competition rate in the family business in Canada, he managed to create a unique brand which sold in the country and abroad. From his experience, Greg James explains that a quality product will create its demand. The quality of production would reduce the need for marketing and spend additional resources in making the product known in the market. In his contribution to the family business, Greg Aziz focused on the quality of the product which, led to the increase in sales.

 

 

Increasing production in National Steel Car

In 1994 when Gregory James Aziz took over as the CEO of the National Steel Car, the number of cars produced was very small. The production could hardly sustain the Canadian market, and this led to lower profitability. With time, there was a difficulty in improving the state of production until Gregory James ordered for a company audit. It was this document that changed the operation principles of the company. The first step that Greg Aziz took increased the rate of production. Since there were 600 employees by the time he took over as the CEO, it was important to increase the workforce to meet the market demands.

 

 

Quality in leadership

In most cases, new companies tend to come up with new policies that affect the operations of the companies. James Aziz came up with a special type of leadership. Since there were employees in the company when he joined, he used the same people to improve the rate of production. The employees already understood the operational processes and their flexibility would be the turning point of the company’s operations. Gregory James Aziz did the internal promotions to maintain the production as he planned on improving the quantity. See This Article for related information.

 

 

Maintaining the quality of productions

For the past 20 years, the National Steel Car has been receiving the certification for the quality of parts produced. Currently, the company spends the least on marketing since its products market the operations. Based in Canada, the company has outshined the big names in the motor vehicle industry because of the quality of its products. The production has been extended to other parts of North America, South America as well as most countries in Europe.

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What Sets Gregory Aziz Apart from Other Executives in the Railroad Industry

The railroad industry has a lot to thank Gregory Aziz for. He has achieved a lot in his position as CEO of National Steel Car. The story of how he ended up becoming the CEO of the company is rather interesting. In his late 30s and early 40s, Gregory James Aziz worked in the banking industry in New York, and gained a lot of experience in various aspects of running a business during that time. This is how he was able to successfully negotiate for National Steel Car in 1994. This led to the company being bought from Dofasco and that was when he became the CEO of National Steel Car. With such extensive experience and business acumen, he was the best candidate for the position and he has proven his worth over and over. Check out His Page Here.

How Gregory J. Aziz has managed to keep National Steel Car on an Upward Trajectory for so long

 

The nature of the railroad industry requires anyone involved to always be on toes, otherwise they risk sinking into oblivion and being overtaken by the competition. James Aziz is well aware of this fact and makes all decisions with this in mind. Before embarking on any projects at the company, he does a careful analysis of its viability, taking into consideration the anticipated changes in the industry. This way, the company is able to provide its customers with innovative solutions to their needs and keep the demand for its products high.  See This Article.

 

Gregory J Aziz is a man of principles and ensures that National Steel Company is run on the highest ethical standards. For him, it is not just about the sales and profits. If it means sacrificing profits in order to be in compliance with industry standards, then so be it. His first priority is his customers; their safety always comes before all else. This strong commitment to client safety and satisfaction is what has earned National Steel Company so many loyal clients in Canada and beyond. National Steel Company is the only railroad company in North America that is ISO-certified, and this is largely due to Greg Aziz’s excellent leadership.

Conclusion

 

Greg Aziz has proven to be an invaluable asset to National Steel Car and to the railroad industry at large. His passion for the industry is what keeps him focused on his goals and with such zeal, he is unstoppable. National Steel Car is expected to achieve a lot more under his excellent leadership.

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Greg Aziz On Leadership

Gregory James Aziz is the CEO and President of the National Steel Car Company in Ontario Canada. Greg started doing business from an early age as he helped in the family business Food Affiliates Company that deals with the importing and distributing of fresh food products. The parents trusted him with minor roles as he grew up since he did not have enough experience or knowledge to hold a senior position. Nevertheless, they desired to have him learn some basic skills about business so they kept him involved in the affairs of the business. The above largely contributed to the career path that James Aziz took as he studied Business Administration at the Ridley College and later majored in Economics at the University of Western Ontario.

After his degree, Greg’s parents entrusted him with a senior managerial role in the company with his main duty being in administrative affairs of the firm. Greg’s dad felt that the son could now oversee the activities of the Food Affiliates Company. In the tenure of his leadership, James Aziz catapulted the company from a local level to an international standard. Food Affiliates began importing food from Europe, Central, and North America. The employees in the company also increased; so did its production and profitability level. The employment terms were also upgraded, helping lower the turnover rate in the firm. Greg delegated his duties, mentored and coached followers, who would take over his position just before leaving for the investment and banking industry in the late 80s.

Greg Aziz stayed in the banking sector in New York until he bought the National Steel Car Company from Dofasco. Greg wanted to expand the firm to serve more people at more excellent terms. He also desired to change the corporate culture and make it more people driven than profit driven. The above was achieved after 5 years of operations as the productivity of the company rose from 3500 to 9000 vehicles per annum. At the same time, 1800 employees were added to the former 600 employees who worked in the firm. Another sector that changed was the production sector, where the products now matched the customer specifications. Greg asked the workers to customize all products to the customers’ needs, as that would translate to more satisfied customers.

Greg Aziz also motivated his workers by giving them satisfactory packages and creating a friendly work environment in the office. He also served as a transformational leader, who listens to all the grievances of the workers and addresses them as desired. The suppliers in the firm are also treated with respect as Greg has marinated the same team since the time he bought the company. At the same time, he looks into the needs of the community in his production. Read More on this Page.