The Expectations For The New Obsidian Energy Company

Obsidian energy is one of the organizations dedicated to changing and revamping the energy industry. Formerly known as the Penn West Petroleum Ltd., it runs on the core values of the production of a well-balanced range of high-quality assets. The move by the company to change its name was for the sole purpose of rebranding.

 

The organizational structure, as well as the assets by Obsidian Energy, have been made to create a proper platform for providing the ultimate results. The purpose and entrepreneurial spirit in the newly restructured company allow the company to stay afloat in the evolving industry. Obsidian is well known for its relentless passion for the work they do. They have the determination of accountability to the partners, shareholders as well as the community they operate in.

 

The decision to change the companies name has made a significant change and revamp to the company with the expectations of a better, leaner and transparent company. The changes were not in the name only, but also in the organizations work structure within. The changes are visible in the exponential growth of the business immediately after the change. Click Here For More Info.

 

With the new start of the Obsidian Energy Company, comes in the new principles that will help in the running of the company. Technical discipline and commercial decision making, for building and protection of the enterprise value, the unrelenting quest of progress and novelty. Integrity and transparency with the relevant parties of the company are also one of the key focuses.

 

One of the expectations that Obsidian Energy has for its future is the growth of the business through a tight budget that will be a tightly closed budget, tied to the gas and oils. The growth is expected to be visible within years. The company is expected to reach its growth potential despite it being seen smaller. Its new restructuring is aimed at scaling the company’s profit sky high.

 

With the change in the globe, there is always the expectation of better. With this in mind, obsidian’s energy revamp brings transparency and integrity that’s expected by the shareholders, partners and the community around the company’s environment.

 

See: 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/

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