Obsidian Energy Ltd- Using Strategic Developments To Gain Its Market Position

Obsidian Energy Ltd is midsized Canadian company that deals with oil and natural gas and located in Calgary, Alberta. The group once held a position among the sixty biggest companies on the S&P/TSX 60 on the Toronto stock exchange. The company reached its peak market capitalization of $9.5 Billion in January 2008, and from 2005-2011 it was the Canadian Royalty Trust (CANROY). The company has a well-balanced portfolio of various high-quality assets that produces approximately 30,000 barrels on a daily basis.

 

The company was previously known as Penn West Petroleum Ltd where it changes its names to Obsidian Energy Ltd after restructuring on 26th June 2017. The company underwent numerous accounting scandals, commodity price crash and debt crisis that forced the company to restate its three-year financial report from 2012 to 2014. During the hardship years obsidian managed to reduce its net balance through various sales of its assets, and it’s now a much stronger and smaller oil company. According to the chief executive officer, David French the change of name signified a new beginning that comes with relentless passion, discipline, and accountability to the community, partners, and shareholders. David L. French oversees the management team of Obsidian Energy is who once served as the overall boss of Bankers Petroleum Ltd, and he is known to lead various companies to operational and commercial growth successfully.

 

Obsidian Energy has 407 employees, and it has critical development assets that are strategically positioned to offer the right platform for growth and deliver the results acceptable for the shareholders, clients, and community. And in the process, allow the company to succeed in the ever-evolving petroleum and gas industry. Read More On This Page.

 

Obsidian Energy commits to making a positive impact on the environment and community around the area the Calgary Alberta area. They have a community matter program that mains agenda is to conduct numerous and peaceful operations that enables the employees and contractors to have an open communication method with the residents. It helps to address concerns associated with the company gas and oil operations in mitigate and proactively manner.

 

Transformation Of National Steel Car by Greg Aziz

The success story of Gregory J Aziz is a thrilling and one that should inspire any entrepreneur out there to be focused and remain innovative. Gregory James is the president and CEO of an engineering and manufacturing firm from the Canada. This is manufacturing company is known as National Steel Car. It manufactures vehicles to be used for railroad freight. It is the biggest company of this nature in the entire North America. National Steel Car has a very long history. It was established in 1902 and has been existence for over 100 years now. For a company to survive for all those years, it must have been playing a crucial part in supporting the community.

 

Although the company was very old, it never stopped Gregory J Aziz from purchasing it. Many people thought of it as a company that was way past its sell date, but as fate would have it, the business was not yet done. Greg Aziz came, took over the company and it’s now operating like a brand-new company set up a few years ago. When Greg took over, his first responsibility was to make massive changes to the company which had already gone too low in its production capabilities. The company needed new systems that would shore up the operations of the company once again. The technology that was being applied at the time was no longer applicable. As a first-time measure, he pumped money into the company to buy new technology equipment.

 

With the changes that he had carried out, what was remaining was to invest in skilled human labor who would share his dream of transforming the company. With both equipment and human resource team ready, the company was now in the process of transformation that was unstoppable. In a few years of its operation, the production rate of the company improved by a huge margin. The number of cars that were manufactured annually grew from 3500 to over 12000. Also, the number of workers expanded due to the expansion of the company’s operations. Read This Page to learn more.

 

Greg Aziz

Gregory J Aziz is from Ontario, Canada. He attended Bradley College and University of Western Ontario for his studies. He holds a degree in economics. He graduated in 1971. After graduating, he helped his parents grow fresh food wholesale business they operated in Ontario. At the same time, he was working for other investment banks in New York. He bought National Steel Car in 1994.

Leadership Skills With Gregory Aziz

Gregory James Aziz is currently the Chief Executive Officer and owner of the business National Steel Car, a manufacturer of railroad freight and tank cars, and one of the most prominent and influential businesses of that industry in the U.S. territory.

 

The industry where National Steel Car is situated is very competitive, and the focus is the quality of the production and the price of them.

 

 

In North America, National Steel Car has many companies that order their pieces directly from Greg’s corporation, and they have conquered whole markets because of their excellence and more than a century producing the best freight for international use.

 

 

The story of the CEO of National Steel Car, Gregory J Aziz, began with him working at his family business, Affiliated Foods. His experience working at a large corporation with his own familiars would be crucial to the development of core leadership traits that Greg Aziz used to raise National Steel Car back to its former glory.

 

 

Affiliated Foods is a very big business, with lots of employees and even more customers scattered across different countries. Greg James Aziz began very small in the company, but his relatives began to notice that the young businessman was very good at what he did. He was a fast learner, knew how to implement the core lessons of business administration and was very good at math, which, with a little bit of financial teaching, would lead him to be an excellent financial administrator as well. Go To This Page to learn more.

 

 

Having attended the Western University where he studied Economics in the School of Economics, he improved his craftsmanship and began ranking up the positions of Affiliated Foods, learning new things from different business roles, with various co-workers and all kinds of lessons. Greg Aziz achieved high success in Affiliated Foods, and the business improved drastically with his dedication, achieving, even more, international presence.

 

 

Greg Aziz, however, wouldn’t remain in Affiliated Foods for long. The young entrepreneur and financial administrator was convinced that he should pursue his own business and achieve his personal goals and his own accomplishments.

 

 

That is when he bought National Steel Car. Aziz’s leadership improved the business model of the company by a lot, and National Steel Car, which had a pretty important position in the market, became the leading manufacturer of railroad freights, cars and car pieces. A great company became excellent, and Greg Aziz pushed his leadership skills to the limits.

Gregory Aziz: A Philanthropic Corporate Leader

 For any company or organization, having a tradition steeped in history is an important beacon that acts as a reference point for future progress. For over a century, National Steel Car prides itself in modeling its operations around manufacturing and engineering excellence and positive transformation to meet the emerging market demands. Over the past few decades, the latter tradition has been particular crucial in its quest for survival and relevancy in an increasingly changing business environment. At the center of the company’s new financial, operational and corporate social responsibility transformation is Gregory James Aziz: a leading corporate leader with vast experience and excellent track record in corporate management. Read More on This Page.

 

Towards Greater Community Involvement at National Steel Car

In 1994 when Greg Aziz was at the forefront of National Steel Car’s take over by National Industries Inc., the Hamilton-based company was facing an uncertain operational and financial future. Its productivity and consequently its financial standing was declining. Moreover, it social presence in the larger Hamilton community was rather low other than the hundreds of locals who worked at the company. Upon taking over the reins of the company where he currently serves as the chairman and chief executive officer, Greg James Aziz embarked on the challenging task reviving the dwindling fortunes of the company and driving it towards a greater engagement with the local communities beyond provision of employment opportunities.

 

 It is a task that he excelled at and within five years, National Steel Car had over 2,400 new employees compared to the 600 he found when he took over in 1994. Productivity grew many folds while new deals were signed strategic partners, which opened new markets in other parts of Canada and the American commercial railroad transport industry. Throughout these new transformative developments, Gregory J Aziz ensured that National Steel Car remained true to its tradition of high quality manufacturing and engineering. Most significantly, the company became actively involved in the charitable activities within the local Hamilton community. While its employees donate food to the local food bank, the company became the main sponsor for several charities including Hamilton Opera, the United Way and the Salvation Army. Together with his wife, James Aziz financially supports the Royal Agricultural Winter Fair.

 

Career and Education Background

James Aziz first made a name for himself at Affiliated Foods, which he joined in 1971 and helped the family-owned company specializing in wholesale of food to great operational success including expansion of operations in North, South and Central America and Europe. The Ridley College and University of Western Ontario economic-graduate later moved to the U.S. where he made a name for himself in New York’s investment banking industry.

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Gregory Aziz And His Remarkable Contribution to National Steel Company

Gregory James Aziz is the CEO of one of the leading rail car developing companies in the world. Greg Aziz’s company is known as National Steel Company. The company which now has been in operation for approximately 10 decades since its formation is known for its perfection when it comes to the manufacture of railroad freight cars.

Greg Aziz started the company from very humble beginnings and through hard work and great commitment he has managed to lead the company towards massive growth. Greg’s focus and drive towards quality has resulted in his worldwide customers trusting in his company’s products. In addition to steering his company always ensuring quality in production, Greg has also heavily invested in excellent engineering and also ensuring excellence in manufacture, traits which have positively impacted on his ability to maintain satisfied customers.

Greg recognizes that life circumstances are highly dynamic and diverse and as a result has ensured that his company is alive to this fact. As a result, James Aziz has invested towards ensuring that the company keeps up to date with the latest trends and needs of its customers ensuring that they remain competitive and provide diverse chances to the company’s customers. Greg Aziz also highly values innovation in running his company which in result contributes towards development and value addition to its his customers across the globe.

Gregory is a hardworking CEO who continuously encourages the virtue of hard work among the company’s employees. He has consistently insisted on the benefit of hard work and optimism among the company’s employees which creates effective teams at the work place. His employees have also appreciated the importance of focusing on their strengths as encouraged by the CEO and this team spirit has greatly impacted on the positive growth of National Steel Company.

 

National Steel Car key values include hard work and insisting on quality production as insisted by its CEO Greg and the results of all this is clearly evident as the company’s growth in terms of increased production and also growth in its work force has been on a constant upward trend.

Greg’s great leadership is without a doubt invaluable to National Steel Company and his contributions towards the growth of this company will continue to be felt even many more years to come. It is through his great stewardship that National Steel Company’s growth and expansion is on an upward and steady growth. Refer to This Page for related information.