Obsidian Energy is a gas production company in Canada. It ventures in producing natural gas and Canadian oil. Back then, it was known as Penn West Exploration Limited and later on changed its name to Obsidian Energy. David L. French being the rightful president and C.E.O of the firm has employed 300 employees who aid in all the company’s operations. For about 11 years ago, Obsidian Energy was ranked among the top sixty large companies leading on this field which by then had peaked so well in terms of the market share.
The best character trait by this company is its ability to endure and overcome difficulties that may take the course in business operation. Currently, the oil together with the gas field for this company is situated on the Western side of Canada; a popular region is known to be one of the gigantic petroleum reserves. They are able to produce their products from three key areas but still in the similar metropolitan area. This has been the main reason behind the bulk production of their products. Obsidian Energy has quite many investments in so many other bigger organizations. This is to increase their level of earnings in a very different manner.
Before the company changed its name to Obsidian, Penn West was a combination of many gas producers into one big organization. The company has so far attracted many business dealers and other firms interested in oil and natural gas products. These oil and gas wells are situated far from a suitable environment. Where the company is situated, there is no such thing as pollution. Obsidian Energy is so conservative on matters to do with environmental matters. The company was so overwhelmed this year by their positive production and earnings and announced on how it has been all through. Click Here for Related Information.
Some of the subsidiary companies under Obsidian Energy are Cenatic Resources Trust and Sifton Energy Company. So far on the Toronto Stock Energy, Obsidian Energy still rocks since its endless efforts towards best achievements. Market capitalization is also one of the key strategies of Obsidian Energy incorporates to its day-day success.