Obsidian Energy: A Brand-New Start

For such a long time, the prices of oil and petroleum remained high. However, in 2014, countries supplying oil to the world market like Iran and Russia started to over produce, creating surplus. It resulted to the lowering of the price of oil and petroleum, and many people around the world rejoiced. For the first time in history, the prices of oil decreased, and it would result in a positive chain reaction, bring the prices of goods and services down. However, on the other side of the spectrum, oil and petroleum companies perished, and one of those affected greatly by the decrease in the prices of oil and petroleum is Obsidian Energy, a once top performing Canadian company. The company was at the apex of its success and was even among the sixty most prominent firms in the Toronto stock Exchange and was also a Canadian Royalty Trust (CANROY).

 

 

Before the price changes in 2014, Obsidian Energy is ranked as one of the top 60 companies in Canada based on performance. They are constantly on the list of the top companies at the Toronto Stock Market, and the company was valued at $9.5 billion. People are buying their stocks, and investors are pouring in because of their potential to grow. However, things changed quickly after the movement of oil and petroleum price. Obsidian Energy almost became bankrupt, and their debts started to inflate. The company has to cut the number of employees working for them to save money, and from the original 2,500 labor force, it went down to just 300. Obsidian Energy also cut their expenditures, and they had to go under a restructuring and rebranding process to save more money. David L. French was named as the new president and CEO of Obsidian Energy, and he was tasked to find ways on how to save the company. Get More Information about the company by clicking the link.

 

 

David L. French accepted the challenge because he knew that Obsidian will bounce back. Today, he is focusing on the oil wells that the company built in the past, located on the western part of Canada. He believes that the oil wells still have oil and petroleum deposits that they can sell to earn additional profits. Obsidian Energy is able to produce about 31,000 barrels of oil daily, and David L. French is optimistic that this value would help the company to go back on track.

 

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

Gregory Aziz and his Quest to Enable National Steel Car Thrive in the North American Railroad Freight Car Market

Born in London, Ontario, Gregory Aziz is a prolific business executive and philanthropist. Aziz also acts in the capacity of board chairperson, president, and CEO of a reputable company that is located in Hamilton, Ontario, known as National Steel Car. The company designs and produces railroad freight cars.

Work Experience

 

Greg Aziz gained most of his experience in business management when he was working for Affiliated Foods in 1971. As a wholesale food business owned and operated by his family, Affiliated Foods has over 16 years of experience in importing and distributing fresh foods. The firm relies on markets such as Europe and South America as sources of these products. It also distributes the products on a wholesale basis to the U.S. and Eastern Canada.

 

Before joining Affiliated Foods, Greg James Aziz was a student enrolled in the undergraduate degree in economics program offered at the University of Western Ontario. He is also an alumnus of the renowned Ridley College. In the late 1980s, he pursued a professional career in the investment banking sector of New York.

 

Using his investment banking experience, Greg James Aziz approached Dofasco with the intention of acquiring National Steel Car from the company. During that time, National Steel Car had established itself in the Canadian railroad freight car manufacturing and engineering industry. Greg Aziz’s vision was to help the firm penetrate to the North American market. His strategy encompassed human and capital investment and effective team-building. He managed to acquire the firm’s proprietary rights from Dofasco in 1994. Read More On This Page.

 

Tenure at National Steel Car

 

Through Greg’s human and capital investment efforts, National Steel Car transformed into manufacturer and engineer of more than 12,000 railroad freight vehicles by 1999. The firm currently employs more than 3,000 individuals. The company became the first and only ISO certified manufacturer of railroad freight vehicles in the entire North America. The firm is also a proud recipient of several TTX SECO prestigious awards.

 

Charity Work

 

Together with his wife, Irene Aziz, Greg Aziz contributes funds to Canada’s critically-acclaimed agricultural show referred to as the Royal Agricultural Winter Fair. Greg Aziz’s company is also on the verge to contribute to the growth of the Hamilton community through philanthropy. The United Way and the well-known Hamilton Opera, which operate in the Hamilton community, have benefited from charitable donations from Greg’s company. Greg’s company also organizes yearly Christmas parties that are attended by the company’s workers and their kids.

Read More: https://about.me/greg.aziz

Gregory James Aziz And His History With National Steel Car

Gregory James Aziz has been the Chief Executive Officer, President, and Chairman of National Steel Car since 1994, and he has expanded the output of the company more than 400 percent during his tenure. National Steel Car has been one of the world’s leading manufacturers of railway freight cars and tankers for several decades. The company has been in business for more than a century, and the number of employees has increased more than 500 percent under Greg Aziz.

 

Mr. Aziz was born in London, Ontario in 1949. He attended Ridley College as well as the University of Western Ontario, and he completed an economics degree from the latter. In addition to his years of experience with National Steel Car, Gregory J Aziz has also distinguished himself in food distribution and investment banking.

 

Success has always been a central part of Mr. Aziz’ life. He began working with his family in the wholesale foods business in 1971. Greg James Aziz assisted the family company, called Affiliated Foods, to become one of the top fresh food distribution companies in Europe, South America, and Central America during his time there.

 

At the end of his time with Affiliated Foods, Mr. Aziz began to tap into investment banking opportunities. He used his monetary successes in that area to purchase National Steel Car in 1994, and he has continued his tradition of excellence as the company’s leader. National Steel Car has been recognized numerous times with the highest quality award honors from TTX SECO. Mr. Aziz has worked tirelessly to transform National Steel Car into the leading railcar engineering and manufacturing company in all of North America.

 

Today, many large companies purchase railway cars from National Steel Car. Companies like BNSF, Union Pacific, Shell Canada, and Dow Chemicals rely on their railway cars and tankers. Today, National Steel Car is one of four major Canadian railway car producers. The company retains the highest ISO certification ratings, and National Steel Car continually modernizes its production facilities under Mr. Aziz. It is a company that looks to the future.

 

National Steel Car is an integral part of the Hamilton, Ontario community. The company sponsors the Theatre Aquarius, the United Way, the Hamilton Opera, and the local Salvation Army. They hold a large food drive each year to help the needy. Mr. Aziz and his wife also privately sponsor the Canadian Royal Agricultural Winter Fair. Go To This Page for more information.

Greg Aziz, The Most Famous CEO Of National Steel Car

Gregory Aziz is the CEO, President and also the chairman of the National Steel Car. It is the leading or rather the most famous car manufacturing and engineering companies and its located in Hamilton, London. Greg Aziz was the born year 1949 April and later after maturing from high school was taken to Ridley College. He later went to the University of West Ontario whereby he specialized in Economics. He was a great student who was committed to pursuing his dreams. He has worked tirelessly to work to be wherever he is.

 

Greg James Aziz after completing school in the year 1971, he joined his family and started working at his family’s wholesale food business. The name of the company is called Affiliated Foods. The company started importing foods from Central, South America, and European countries. It became the leading importer within a very short time. The foods used to be distributed to Eastern Canada and the United States. It had a committed management under the leadership of the family and that of Gregory James Aziz. He is today’s one of the famous business managers who always work for success. He has never thought of failing and has worked tirelessly towards ensuring that his mission of changing National Steel Car comes true. He is always pursuant to what he loves. He helped the company regain its strength from Zero. Click Here for related information.

 

Greg Aziz later started working in investment institutions such as banks located in New York between years 1980 and 1990. He then left to National Steel Car in 1994 and did the organizing of the company. James Aziz wanted to regain its strength and reputation because its performance had dwindled over the years due to poor management. He wanted it to be the leader of the railroad freights cars manufacturing and now in North America, not just Canada. He focused on team-building, thorough engineering capabilities and considerable capital and human investment. The company continue growing tremendously and increased its manufacturing capacity and by the year 1999, the company was manufacturing over 12,000 cars which were an increase from 3,500 cars annually. They also increased their employment from having 600 employees to around 3000. That was an evidence that the company’s growth was very certain. Today the company is the leading car engineering business in Northern Europe and has continued to expand under the leadership of the great man Greg Aziz. It is the only company in North America with ISO certification and has worked for 18 years of success.