Fossil fuels play a key role in powering society and without these substances, humans would probably be living in the Stone Age. These types of fuels can come in many different forms such as gas, coal and oil. In order to get to these vital substances, companies have to move tons and tons of earth. One of the most progressive and efficient companies that specialize in this process is known as Obsidian Energy. This oil and gas producer has been on a mission since its birth in 1979. The company’s headquarters is in Calgary, Alberta, but it receives its fuels throughout western Canada.
Obsidian has been succeeding thanks to its great leadership, and its perseverance. Honestly, this isn’t the easiest job in the world, but Obsidian Oil makes it look easy. Since the prices of crude oil has dropped over the past few years, cutbacks have been happening among the top companies. Of course, Obsidian Energy is no exception to the rule, but it has been able to sustain itself through hard work. The company has an intense passion, it is very discipline, and it thinks outside of the box. Penn West Exploration, Penn West Energy Trust and Penn West Petroleum were all actual names of the company at one point in time. Some of its biggest accomplishments include being a Canadian Royalty Trust, being one of the S&P/TSX 60 as well as having a $9.5 peak market value.
It would be very hard trying to find another oil and gas company with this much clout and with this much capability. Obsidian Energy is one of the top mid-sized producers of oil and gas in society today. Before the major changes, this company yielded up to 16 percent annual rates as well as paying some of the highest dividends. Visit This Page for additional information.