Obsidian Energy Gets A New Lease Of Life

Obsidian Energy, which was formerly known as Penn West Petroleum Ltd., is a well-known oil and natural gas producing company with a long history. The company is headquartered in Calgary, Alberta where its oil fields are also located. The company’s total gas and oil production is estimated to be about 30,000 boe per day. Recently, the company received notification from the New York Stock Exchange that it has regained compliance with its continued listing standard with regard to the price of its common stock. This is in response to an earlier notification about its price deficiency.

 

 

The NYSE usually sets the average closing price of a listed company’s common stock at no less than $1.00 per share over a 30-day trading period, and close at above $1.00 on the last trading day per share. This new state of affairs is indicative of a company that is regaining its robustness. The notification indicated that the company had cured its price condition and had fully regained compliance. Obsidian shares are also listed on the Toronto Stock Exchange under the symbol “OBE”.

 

 

The company has been transforming itself in the recent past by rebranding itself to Obsidian Energy. Obsidian management team has the intention of guiding the company based on three key principles. One of the principles that the Obsidian has adapted is the maintenance of a disciplined commercial and technical decision-making process aimed at building and protecting the company’s value. It also strives to relentlessly pursue innovation and progress, as well as being accountable and transparent with its shareholders, partners and the communities in which it operates.

 

 

This will set Obsidian Energy on the path of growth and development owing to the fact that it has stable assets, a healthy balance sheet, and the right hedging strategy. All these factors will help the company to set its own standards for performance. Besides changing its name, Obsidian Energy, its shareholders approved of all the resolutions that were set out in the Annual and Special General Meeting of 2017. With this new development, Obsidian Energy is well on course to increase its market viability and profitability.

 

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The Amazing Obsidian Company

The Obsidian Energy is based in Calgary. The company has specialized in the processing of gas and oil. Peter French is the Chief Executive Officer of Obsidian Energy. Important matters in the company are resolved with the help of the shareholders. The company has been successful in executing their plan for five years. Several projects that had been set in place by the company have been fulfilled terming it the best decision. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.

 

 

The trading value of the company has attracted many individuals. The investors have been lured into the company through their lucrative deals. The community generally has been encouraged to undertake various activities in the companies enhancing unity. The Obsidian Energy has demonstrated exemplary performance compared to its peers.

 

 

The company has enacted strict measures that are meant to propel it to success. The cash that is spending within the company has been controlled so that it serves its required population. This plan is achievable as long as the operating costs are regulated. The plan that the company is executing has utilized the portfolio approach. This will enhance development in the region.

 

 

The assets available at the company are mature and this has stimulated growth in the company. The Obsidian has invested in the shorter life cycle where drilling is conducted, and higher returns are poised to be achieved by the company. The Cardium Wells have been advantageous to the company. These wells have generated an income of 70 percent.

 

 

The energy company has enhanced the aspect of water flooding. This is done in order to increase the production of the available wells. The process entails water being injected into the basin. The main aim is to enable recovery of the water through the pressure that is released by the Cardium. The process involves the minimal addition of the capex. Click Here For More Info.

 

 

The process involves the recovery procedures being met. The reserves of the company are also met when the recovery method is completed. The options have led to the improvement of oil and gas in the fields. The Obsidian Energy is projected to have a greater value in the coming years. Good management at the company has affected its recent success.

Visit: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/

Dick DeVos Was Partially Responsible For The Amazing Expansion Of The John F. Kennedy Center

I recently learned the John F. Kennedy Center has far surpassed their fundraising goals for the Center for the Performing Arts. I am additionally delighted that instead of closing the campaign, it has been increased by another $50 million to fund an important cause. According to a press release I read from the Kennedy Center, the approved project had already locked in $135.9 million, including a large expansion for the center, a delightful pedestrian bridge to link the Kennedy Center with the pavilion, dining space, new offices, space for rehearsals and education, and three beautiful new pavilions.

 

The campaign originated in 2013, and their goal was to raise $125 million. The programming initiatives were to receive $25 million, while the expansion would receive $100 million. I understand there have been changes in the design over the last two years due to the intense and focused scrutiny of the federal planning agencies. I am also quite satisfied the rising cost for construction and design of $199.5 million can be met for this worthwhile project. I was also happy but not surprised to learn the Dick Devos Foundation was funding a portion of the project.

 

A $50 million donation set the stage in 2013 by the chairman for the board of trustees Kennedy Center, and the Co-Founder of the Carlyle Group, David Rubenstein. Despite the fact this generous donation has yet to be matched, the money is still coming in at a rapid pace. In a statement I read by the President of the Kennedy Center, Deborah Rutter, the Riverwalk and expansion will be the Kennedy Center’s new front door as an arts destination. I am not the only one excited by this large of a project being funded solely with contributed donations. This testified to the passion for arts in the community and the country. The expansion should be complete by 2018.

 

The generous contributions included David M. Rubenstein for $50 million, The Boeing Co. for $20 million, Christine Schwarzman and Jacqueline Mars, Stephen for $10 million. A contribution of $5 million from The Centene Charitable Foundation and Michael and Noemi Neidorff, the Robert H. Smith Family Foundation, the David C. Bohnett Foundation, Suzanne Niedland, Herb Kohler, Natalie and Fred Eychaner, and the Pritzker Traubert Family Foundation. An additional $1 million from the Dick and Betsy DeVos Family Foundation, The Embassy of the United Arab Emirates, The Psalsm Foundation and Martha and Carl Lindner III, Eva and Marc Stern, Adrienne Arsht, Dr. Deborah Road and Dr. Jan A.J. Stolwijk, Elaine Wynn, Iris Smith, and anonymous.

 

Visit http://dickdevos.com/news/ to learn more.

Feedback from Customers On What They Think About Using Securus Technologies

Many public safety and law enforcement officers and correctional facilities depend on Securus Technologies for easy-to-use and powerful technology solutions aimed at improving public safety and security and modernizing the imprisonment experience. In a show of transparency and confidence in its technology solutions, Securus has published some feedback comments from all those who rely on its technology solutions, including law enforcement, corrections officials, inmates and their families in their day-to-day operations.

 

Comments

 

In one of the comments, a corrections agency thanks Securus for providing phone call records, which they used to seek a search warrant, and ultimately arrest a fraudulent staff for introducing contraband in prison. “I think monitoring of phone calls comes in handy when tracking suspected offenders,” They argue.

 

Another comment by a corrections agency indicates their total satisfaction with the technology solutions provided by Securus. They cite the commitment by Securus through its technology solutions to improving the conditions behind bars as well as public safety in prisons.

 

It reads further that the corrections agency is pleased with Securus’ vision, which entails introducing emerging technologies to enhance safety in prisons. “I believe that the investigative tools provided by Securus perfectly combine well with the investigation mindset of corrections officials,” they say.

 

Finally yet importantly, the sheriff department appreciates Securus, especially for its LBS software technology. They say, “Thanks to the LBS software, the law enforcement department has recovered several illegal assets, cash, and drugs. I think that in the absence of this software, the police would have such a hard time in recovering such items from crimes. Moreover, the reporting data allows agencies to be proactive in monitoring and preventing crimes before they happen.”

 

About Securus

 

Safety is ingrained in whatever Securus does. From connecting friends and family to inmates, corrections officials to vital information, convicts to technology, to following investigative leads, Securus has got you covered. With its headquarters in Dallas, Texas, Securus Technologies’ client base is well over millions of people.