The Obsidian Energy was previously known as Penn West Petroleum which is a mid-sized energy production company found in Canada. After the company changed its name, David French took the place of a CEO of the company who has worked for hand in hand with the shareholders to bring the best out of the Obsidian Energy Company. No developing business does not incur losses, the Obsidian Energy has taken various risks and attained some injuries, but one thing that David believes is that the moments of losses are the ones that help a company grow. It’s out of this slippery moment that the company has developed the muscles to be resilient and outdo many energy companies.
Before Obsidian Energy started a new page the shareholders together with the staff came along and came up with some values that were meant to keep the company on track. The first value was, making well-organized technical and financial choices. This principle will help to reduce overflowing of additional debts. The other value is to create and defend business values. The final policy was to pursue progress and creativity at the same time promoting transparency with their shareholders, clients and the community they are operating. Those are the three main principles that have enabled the Obsidian Energy to withstand any crisis that has come on its way. See This Article for learn more about Obsidian Energy.
Currently, the energy company has a well-balanced sheet and a sensible strategy that will make the company to set a high standard of performance including the environments that offers lower income. 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 name Obsidian got coined from a type of precious glass produced by volcanoes that is tough and can sharpen very quickly. This title was meant to be symbolic, in real sense Obsidian Energy company have stood firm even in its difficult moments and finally it has regained its balance and has had its way through the market. It has grown to be the most dependable energy company in Canada and the United States. The main aim of the Obsidian Energy is to diversify their market to make it less risky and more profitable and secure.