Obsidian Energy Is Improving Everything About The Way It Does Business

Obsidian Energy is the new name of the company that was once called Penn West Petroleum Ltd. Once the shareholders and the leadership of the company were in agreement for the new name, it was quickly approved. This change means that the company’s stock symbol is now OBE, but shareholders will not have to worry about this detail as their investment remains safe. The new name reflects a new phase that the company is entering in which it plans to be more transparent and accountable to itself and its business partners.


Obsidian Energy produces close to 30,000 boe every day and is known as a medium-sized oil and gas company. As Obsidian Energy looks to future, its leaders feel confident that themselves and the employees of the company will be able to roll with the changes that they see coming. Part of their confidence comes from the fact that Obsidian has hired new management and is focusing on reinvigorating the entrepreneurial spirit that once made it such a standout in its industry.  Find More Information Here.


Obsidian Energy has put together a winning group of procedures and policies that it and all of its partners must adhere to. The company also wants its stakeholders and any business partners to know that it now works extra-hard to keep up with relationships in the communities it works in and that it offers plenty of training to keep all of its employees and leadership up-to-date with the current regulations in its industry. To ensure the public and its own employees that Obsidian cares it has opened up a toll free “Whistle Blower Line.” The company also outlines its many regulations and mandates on its website, which include a Code of Business Conduct & Ethics, a Diversity Policy, Disclosure and Trading Policy, and much more. 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).


To supplement this, Obsidian Energy has dedicated itself to the health and safety of its own workers and areas where it operates. These have been put into place to also protect the environment and the families and friends of workers. By offering training programs and other educational experiences, Obsidian has re-committed itself to bringing safety standards into the modern age and, especially, keeping its own employees and contractor’s employees as safe as possible while on the job.


Visit: https://globalnews.ca/news/3481168/penn-west-proposes-name-change-to-obsidian-energy/