Obsidian Energy Ltd. (OBE:Toronto), headquartered in Canada, is a unique producer of natural gas and conventional oil. Formerly known as Penn West (or Penn West Petroleum Ltd), the intermediate-sized company is one of Canada’s chief sources of energy with operations in important key production areas.
In the Cardium Basin, the Calgary-based company commands a top position there. In Alberta, Obsidian Energy Ltd holds lucrative assets in the Viking basin. No matter which basin is more profitable, the Obsidian brand means huge profits it goes without saying, but also a good start for the newly formed company.
What is the secret of Obsidian Energy?
There is something about Obsidian Energy you will not find in any other competitor… its unique way of doing business and turning a profit! And, its ability to continuously produce premium gas and oil dramatically shows its Ivy League-educated executive management team are second to none.
David French, the company’s President and CEO, knows how it all started and what made the mid-sized Canadian company a profitable entity. From a down-hole choke mechanism with which to stabilize gas rates to maximizing the liquids potential of the company’s wells, French can see how profitable Obsidian can be. Get Related Information Here.
In fact, the company’s name Obsidian exemplifies ancient volcanic rocks which have been in existence since prehistoric times. They were crudely sharpened and later honed by First Nation who used the glass-like rock as tools. Today, Obsidian is one of most sought-after energy company in North America. And, many savvy gas and oil investors around the world are gleefully adding this high performing stock to their portfolios.
Since its founding, the energy producer produced some of the highest-grade gas and oil in the world. Certainly, up to the present time, producing high-grade gas and oil is an admirable achievement, proving the Obsidian Energy brand will remain highly profitable in the future.