There are companies today that die immediately after experiencing a downfall. There are companies that thrive when being put under stress. There are also companies that always transform, reinvent and innovate itself to meet the demands of the market. One of these companies is Obsidian Energy. It is a company that finds power and strength in the daily challenges that it faces in its operations. It is the company that’s able to sustain a level of continued growth that is unmatched by other companies. Let’s learn more about Obsidian below.
The Obsidian Transformation
One of the key elements in the history, transformation and growth of Obsidian Energy as an intermediate-sized gas and oil producer in the world is the fact that it was first previously known as Penn West Petroleum Ltd. Because of structural changes, it is now called Obsidian Energy, but the same principles that brought Penn West to where it has still been ingrained in Obsidian Energy without resorting to any downsizing of its important strengths.
The transformation of Penn West into Obsidian Energy last June 26th, 2017 is only part of a long series of changes that the company is facing right now. Because of the global market and competition, there’s still more incentive for Obsidian to innovate and find more solutions.
This means that Obsidian is getting even bolder and even leaner as it gears up towards a new direction. The new exciting path of Obsidian is still a long way to go, but as the company retains the energy and dedication that it has nurtured in Penn West, all these challenges will be nothing but small hurdles to its great success.
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).
What Makes Obsidian Energy Stand Out
There are many reasons why companies thrive, and there may not be an easy way to know what causes what in the success of a business. But it may be fair to say that what made Obsidian Energy stand out is the fact that it wields the power of camaraderie, good leadership and excellent employee and employer relations. Without such elements, it would be harder to see how a company like Obsidian would become what it is right now. Read This Article for related information.