National Steel Car: Being Monitored by Gregory James Aziz

The National Steel Car is a large Canadian manufacturing firm which focuses on the creation of rolling stocks and other locomotive-related products. The company is owned by Gregory James Aziz who also serves as the National Steel Car’s president, chairman, and CEO. He acquired the company from Dofasco in 1994, and because of his brilliant ideas, the company managed to bounce back and be recognized as one of the most successful businesses in the country.

 

For more than 20 years of owning the National Steel Car, Greg Aziz has done everything to let the firm be known around the world. One of the things he is searching out for would be the quality certification that can be given to him and his company. Recently, his wish came true. Gregory James Aziz has been awarded the ISO quality certification because the group has seen how he manages his business. They are impressed by the unique approach that has been practiced by Gregory James Aziz, and they believe that it might be the answer to the woes of other companies around the world.

 

 

Gregory James Aziz is a businessman before becoming the owner of the National Steel Car. He has been helping his family manage their business, called the Affiliated Foods. Through the things that he learned from the university, Gregory J Aziz managed to increase the assets of their family business and expand its operations all across Canada, and it can get even as far as the United States. Affiliated Foods is now considered as one of the largest distributors of food products coming from South America and Europe, and they keep their ranking as one of the top leading food delivery businesses in the country.

 

 

1Gregory James Aziz had to get the blessing from his parents when he decided that he will be working at the business industry to experience how it is like to become an employee and how to balance his money. However, it seems like he is destined to take another role. It was reported all across the country that Dofasco would be selling the National Steel Car because it is no longer profitable. Gregory James Aziz immediately spoke with the executives of Dofasco, and they agreed that the company would be transferred to his name. After the successful acquisition of the National Steel Car, Greg Aziz did his best to make people think about how impressive the National Steel Car is.

 

 

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Obsidian Energy Moves Past The Oil Price Crisis

Obsidian Energy is a Canadian oil producer that operates around the Calgary area. The company is a mid-sized producer that produces both oil and natural gas. Obsidian Energy was originally named Penn West Petroleum before changing its name in June of 2017.

Obsidian Energy operates wells in a number of areas. The company has wells in the Alberta Viking Area, Peace River, and Pembina Cardium. The company was known for paying out high dividends between 2008 and 2015 with average yields at about fifteen percent. The company faced the difficulties that plagued other oil producers with the 2015 oil price drop.

The company was able to do a number of things to move through these difficult times. It went through the process of shuttering a number of oil wells without suddenly firing employees. It was able to reduce its staff from over twenty-three hundred employees to less than a thousand. These cuts were largely from contractors and those involved with opening new wells. The company went onto reduce its staff by four hundred additional employees with most of the layoffs coming from its corporate office. This represented a thirty-five percent reduction in staff. These cuts allowed Obsidian Energy to avoid excessive debt during a time when many oil producers were going out of business. The company also reduced compensation to its board of directors during this time.  Visit This Page for more information.

Obsidian Energy has done a number of things to regain its business following a slow increase in oil prices. It has been able to open a small number of wells without over extending itself during a time when oil prices are still low. The company has been able to restructure its debts in 2014. This process involved going back and adjusting its predictions on future investments in light of its reduced overhead and lower oil prices. Obsidian believes that its new name and expanded production will allow for it to continue being a leader in Canadian oil. Obsidian Energy has resumed paying dividends after suspending them for a quarter during the oil price crisis.

Source: http://boereport.com/2017/06/26/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders/

 

The Brilliance In The Eyes Of Greg Aziz

They say that everything looks and becomes clearer in hindsight. The complications of making the right investment start with finding passion, the right numbers and a clear trajectory of success. These seem like easy things to accomplish, but they take time and many days of consideration. It helps that Gregory had a strong business history before buying a business.

 

Mr. Aziz eventually became the owner of National Steel Car and shocked the professional business world. This leading CEO brought to mind the potentials of a forgotten era. Such an era was grounded during the locomotive boom two hundred years ago. What James Aziz strongly believed was that he could provide innovations to this rail structure.

 

He realized how much innovation would be needed to meet the demands of a growing society.

 

A Master Plan And The Right Time For It All

 

Timing is always an important factor to consider. The right time and the right resources can make a world of difference. The novice investor even becomes an outstanding professional by just being in the right place at the right time. Gregory Aziz is far beyond being a novice in the business world. His career fortune came in the form of a family business.

An insider’s understanding of retail operations gave Gregory a glimpse into entrepreneurship that few ever have. This education became the foundation of his career and the envy of many insiders. You’d be surprised at just how small the corporate professional world is. Leaders in the position of CEO get recognized fast, and Gregory reaches high on this list.

 

 

No Better Candidate Than Gregory J. Aziz

 

Both aggravation and doubt almost held James back from making a commitment to National Steel Car. Buying a business, when you have the money, can be a relatively easy thing. The money will allow you to hire the right people and to bring together the right manufacturing resources. The dynamic Gregory J. Aziz brings into National Steel is instead hands-on. Read This Article for additional information.

 

This professional is not looking from afar. The agency’s leader is in the offices, watching the news and keeping track of the progress of employees. There are many stages in production and manufacturing for National Steel Car, and each stage must be found in perfect order. The future of this agency is held in the hands of a great candidate with the will to prevail.

 

National Steel Car has been the recipient of several honors over the years. It has the rare distinction of winning the TTX Supplier Evaluation Committee awards

The National Steel Car CEO, Gregory Aziz

National Steel Car, one of North America’s reputable firms would probably have gone extinct were it not for a wise move by its President and Chairperson Gregory James Aziz. Gregory J Aziz, an economist born in London Ontario on April 30 1949 purchased the company from Dofasco back in 1994 with an aim of redeeming it. Greg Aziz began his career by attaining a degree at Ridley college and studying Economics at the University of Western Ontario.

With a passion in business, Gregory J Aziz joined Affiliated Foods, a family owned enterprise that majored in supplying fresh foods to major markets in the United States from Central and South America and Europe. The time he spent at this company rose to become a global dealer in the fresh foods business. He left after sixteen years to venture into banking in New York in the late 80s and early 90’s.

By 1994, Gregory J Aziz was ready to purchase National Steel Car with an aim of restoring its glory. Within the first five years, Greg J Aziz dedicated his vision coupled with business administration expertise to increase National Steel Car’s production. By the year 1999, the company was manufacturing an additional 8500 cars per year with an additional workforce of around 2000 new employees. See Related Link to learn more.

Gregory James Aziz, in a bid to maintain client satisfaction ensured his team work towards a common goal by providing quality and affordable car parts. This saw National Steel car become North America’s only railroad freight car, engineering and manufacturing company with an ISO certification, ISO 9001:2008. Under his rule, National Steel Car has been awarded honored with the TTX SECO highest quality award from its diligence in engineering, manufacturing excellence and efficiency since 1996.

 

As a soul who believes in giving back to the society, Greg Aziz ensures the National Steel Car gives back to the society by being a benefactor to several organizations including The Hamilton Opera, Theatre Aquarius, Salvation Army and The United Way among others. Greg Aziz encourages his employees to give back to the society by taking part in the frequent food drives. He joined his wife and two daughters who are fans of horse racing in sponsoring the 2009 Anglestone Tournament.

 

Visit: https://www.crunchbase.com/person/gregory-aziz

Obsidian Energy Disposes Legacy Assets, Increases BOE Numbers

Canadian fossil fuel extraction firm Obsidian Energy enters 2018 with strong production numbers.

 

In January, the company reported that they were producing in excess of 32,000 barrels of petroleum per day and reported beating their extraction target of 31,000 per month for 2017. Obsidian Energy met and exceeded their 2017 goal, averaging 31,700 per month despite setbacks caused by severe Canadian weather.

 

The company expressed enthusiasm over last year’s 3rd quarter production with the Cardium project, the Alberta Viking site, with 2 out of the 12 Peace River wells under construction and the other 10 on production. Obsidian reports that Deep Basin drilling is delivering overall liquid rates at over twice the curve expectations for the wells’ types.

 

Additionally, Obsidian has made use of foreign currency exchange rates, hedging most of its foreign exchange exposure on their WTI hedges for 2018. Obsidian currently manages the AECO and Ventura, both CAD hedges.

 

In other disclosures, Obsidian Energy announced the disposition of several of the firm’s legacy assets.

 

President and CEO of Obsidian David French stated that the transaction moves the company forwards by regaining the Obsidian’s focus on assets that are currently providing economic benefit to their operation.

 

The deal, which took several months to close, builds on the company’s outstanding 2017 extraction numbers.

 

French adds that the disposition gives the Obsidian stronger financial flexibility and reduces its cost structure. Furthermore, speaking on behalf of Obsidian’s management, he expressed that the transaction continues to advance their transparent commitment to maximizing the firm’s value to the advantage of its shareholders.

 

The disposition resulted in a $25 million reduction in Obsidian’s discounted decommissioned liabilities. Additionally, 2018 netbacks are improved by nearly $1.50/boe, increasing the company’s liquids weighting to 65 percent as a result of the legacy transaction.

 

About Obsidian Energy

 

Founded in Calgary, Alberta, Canada in 1979, Obsidian Energy provides oil and natural gas extraction in the Western Canadian Sedimentary Basin.

 

The company currently employees approximately 300 and is managed by President, CEO David L. French. Find More Information Here.

 

Obsidian Energy is traded on the Toronto Stock exchange as TSX: OBE and in the United States on the New York Stock Exchange as NYSE: OBE.

Obsidian Energy Honing In On New Horizons

Obsidian Energy is a mid-sized Canadian oil and gas producer and has been in business since 1979. They’re main oil fields in operation, are located in the Alberta area, with they’re three main production sites being the Pembina Cardium, the Peace River oil sands, and the Alberta Viking. Obsidian’s gas and oil fields are located along one of the world’s largest petroleum reserves, the Western Canadian Sedimentary Basin.

 

Obsidian Energy was formerly known as Penn West Petroleum, beginning a whole new chapter in their operations. Penn West Petroleum officially changed their name to Obsidian Energy on June 26, 2017, with 92 percent total votes from shareholders being in favor of the name change.

The name, Obsidian Energy, is derived from a naturally occurring volcanic glass called, Obsidian. This material can be sharpened and carved into tools for many practical uses. Historically, Obsidian was carved and used as fine tools for surgical use, or for architectural design found in many Egyptian, and Mayan artifacts. Obsidian was often used as a surgical tool because of its strength, and often tools made of obsidian had a finer, cutting-edge many times sharper than high quality steel. This organic glass being a cutting-edge and innovative material, seemed to be a fitting name as the company considers their direction ahead. In a quote from Chief Executive Officer, David French, he says:

“.. We will guide the Obsidian Energy on three principles: disciplined technical and commercial decision-making to build and protect enterprise value, and relentless pursuit of progress and innovation,”

 

Obsidian boasts a hearty portfolio of high quality assets that produce roughly 30,000 barrels per day. For the year of 2017, Obsidian actually exceeded the projected production amount, which shows positivity for share prices. Obsidian’s AB Viking program continues to evolve development strategies to enhance economics and maximize efficiency — in which case causing the program to continue to exceed expectations. Read This Article for more information.

More on: http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy

Obsidian Energy Adds a New Member to its Board of Directors

Obsidian Energy LTD has confirmed the appointment of Mr. Edward Kernaghan, a financial and capital market expert, to its Board of Directors. While confirming the appointment, George Brookman expressed that the management is excited to have Kernaghan on the Board. Currently the acting chairman of the Board, Brookman added that the new arrival not only brings with him a broad industry experience but also a tangible ownership stake in the company. He further explained that Kernaghan’s appointment is part of the company’s strategy aimed at building a competent human resource base required to drive the firm forward.

 

Mr. Kernaghan has equally commented on his appointment to Obsidian Energy’s Board of Directors. The renowned capital markets and financial expert expressed his excitement following the appointment adding that he’s ready to be part of the team that will drive the company forward.

 

Mr. Edward Kernaghan graduated with a BSc Honors degree from Queens University before earning his MSc in Theoretical Physics from the University of Toronto. He has worked in the financial services sector for more than 15 years. Kernaghan served in various top management positions prior to his appointment. Currently a managing partner at Kernaghan & Partners, he is a co-founder and has served as the executive vice president of Kernaghan Securities. Apart from being the president of Kernwood Limited, he sits on the boards of various TSX companies.

 

Obsidian Energy’s Board of Directors approves the 2018 Budget

 

While announcing 2017’s third quarter financial and operational results, David French confirmed that the board of directors has approved a budget of $135 million for the 2018 financial year. The president & CEO also expressed his pride in the company’s management team citing quality results during their busiest drilling campaign.

 

Based in Calgary, Alberta; Obsidian Energy, an Oil and Gas producer is reportedly pleased with its deep basin exploration. Its first foray is reported to have yielded beyond expectation and the firm now expects more in 2018. With the company announcing strong results in the third quarter, attention has now shifted to 2018. Its CEO has hinted that the company’s 2018 plan is both solid and scalable and that the year looks very promising as far as growth and development of the Obsidian is concerned.

 

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Choosing Products Through Obsidian Energy

Many people who buy fuel are finding that there are few companies they can go to that sell high-quality products at affordable prices. The reason for this is due to the higher costs of fuels nowadays, which makes it difficult and time-consuming to try to find a good company to sell these types of items. If you feel it is time to go with a better company, it is time for you to check out Obsidian Energy. Obsidian Energy has been in the business of gas and fuel products for well over a decade, and they work directly with suppliers so that they are able to get fuel items at lower prices so that they can also keep their prices as low as possible.

 

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).

 

By choosing Obsidian Energy, you’re choosing a company that puts the work and dedication behind them to get the job done. This is essential for when you want to keep costs to a minimum and know that there are a lot of different options available to you. By choosing Obsidian Energy, you are getting your fuel for a cheaper price without giving up on its quality. This simply means that you are still getting a high-quality product without needing to spend a small fortune on what you need for yourself.

 

Because of the work that Obsidian Energy has put into its company, it is no wonder that a lot of people have chosen them for their fuel and energy needs. You can feel good knowing that the company you’re choosing has your back and is offering a great product at an even better price. There is nothing quite like working with a reputable company and getting great prices on the fuel that you need for your own business or corporation. You can contact Obsidian Energy either by phone or email and find out more about what they are able to offer to you. Once you choose this for yourself, it is just a matter of getting the products that you need and spending the money that you want without it becoming too much of a burden. View More Information Here.

 

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

Meet Gregory Aziz: The Outstanding CEO and of National Steel Car

Gregory James Aziz is the president of the National Steel Car. Gregory has worked for the National Steel Car since 1994. He is also famously known as James Aziz. He is known for his great attitude towards work and how he values the employees, partners, customers and the community at large. The success of this company could be traced through the trust, determination and commitment of all this trusted parties. James Aziz has always been a humble leader who believes in considering the most critical things which work towards the achievement of the goals of the entire company.

 

 

 Before becoming the president of the National Steel Car, Greg Aziz worked in his family’s business. The family had a wholesale foodstuff business. Later James Aziz moved to New York where he worked at an investment bank for a couple of years.

 

 

Under the leadership of Gregory J Aziz, National Steel Car has been able to receive TTX SECO awards for 13 consecutive years as the leader in steel car manufacturing. The firm has upheld its position by producing the best quality of products to the market. The company is as well dedicated to meeting deadlines while delivering the most preferred product to every customer. Notably, national steel car has been the only company in North America railcar firm that has been ISO certified.

 

 

National Steel Car’s Future and Its Charitable Work

 

 

National steel car company does not rely on the past success it has made. Instead, it focuses on the future market changes with much determination while employing the most innovative ways to provide services and solutions to the railcar industry. Under the leadership of James Aziz, national steel car has also worked towards making the lives of the Hamilton better. The company has been a significant contributor to the Ontario’s food drives. Not to mention that it has been able to employ over 2000 people from Hamilton. Besides, the firm has sponsored theater Aquarius and Hamilton opera among many other charities. Go To This Page to learn more.

 

 

 A Brief about Gregory Aziz

 

 

Gregory Aziz was born in London, Ontario on 30th April 1949. He studied at Ridley College before joining the University of Western Ontario in his home city. At the University of Western Ontario, James Aziz specialized in Economics. By 1971, Gregory had understood the fundamentals of business, and thus he decided to take part in the family food business. For not less than 16 years the family business was the best distributor and importer of fresh foods in the entire state.

 

More on: https://www.steelcar.com/

Family Man & Business Entrepreneur, Gregory Aziz

With the ever-changing world that we live in, it is easy to forget that a huge amount of supplied are still transported by train. From its birth in 1912, when railway cars were still being constructed from wood and metal, up and through to today, where railway cars are made from some of the lightest and strongest materials available, National Steel Car has been providing North America with railway cars and networks for over 100 years.

 

The National Steel Car company spent most of its life in a successful upward trend until the depression in the 1930’s, which caused the company to nearly go under, taking on orders to make things such as outboard boat motors and bus bodies just to keep their employees working and a steady profit margin, but only just.

 

World War II really boosted National Steel Car’s value and it continues on through to this day. In the year 1994 the company was sold to National Industries, Inc. which put it under the control of the CEO of National Industries, Inc., Gregory J Aziz.

 

When he acquired National Steel Car, Aziz saw that it was a slowly failing company and needed a breath of new life. By the year 2000 he had done just that, going from an initial 500 employees to just over 3,000 employees.

 

Similarly, the production values skyrocketed, going from about 3,500 rail cars annually to over 12,500. Under his guidance National Steel Car has risen to be one of the largest manufacturers of rail cars and lines in all of North America.

 

One of the major focuses that has always been at the forefront for Aziz is safety. National Steel Car does business in Canada as well as the United States, making safety of goods and products all the more important.

 

Greg J Aziz was born in London, Ontario, Canada in 1949 and attended Ridley College before going on to the University of Western Ontario, acquiring a degree in Economics. In addition to his work with National Steel Car, Aziz also runs the family business, Affiliated Foods.

 

While under James Aziz leadership, his family run business has grown to be one of the largest importers of foodstuffs from Europe, Central and South America to be distributed to wholesale markets in the United States and Canada. Affiliated Foods has always worked hard to be able to provide their customers with only the highest quality products. Find More Related Here.

 

See Also: https://www.steelcar.com/Greg-Aziz-welcome