Obsidian Energy Ltd is known for being a small natural gas and Canadian oil production company that happens to be located in Calgary, Alberta. For the longest time, the company was known to be one of the sixty biggest companies that were on the Toronto Stock Exchange. It was in January of 2008 that the company was able to hit its all-time market capitalization high of US $9.5 billion. Obsidia has always made sure to base itself primarily on discipline and the passion that all of their workers have for the work that they do. Obsidian Energy Ltd. Expects to be able to hit a total reproduction, in 2017, of approximately 31,000 bbi a day. This is a goal number for the company and one that they hope to only increase in time.
Obsidian Energy Ltd. Had currently been known as being called Penn West. It was on June 26 of 2017 that the company decided that they wanted to make the name change to Obsidian Energy. They are hoping that the change will help to better define the company and help it to be able to grow more as time goes on.
Penn West has been able to overcome many obstacles throughout the years and knows that the new name is going to be able to help them overcome many more. They have already been able to reduce to companies’ net debt and are hoping to be able to reduce it by much more in the years to come. Though they know that it will not be easy to achieve the company is more determined than ever to see just how far that they can go. Obsidian Energy is one company that is not going to stop improving until they are at the very top of the business world. Visit This Page for additional information.