Obsidian Energy Smaller But Better

Mid 2017, Penn West Petroleum limited re-branded to Obsidian Energy with the intention with the intention of beginning a new chapter in the company‚Äôs operations. Founded in 1979, Obsidian was among the top players in the oil and gas industry. After the 2014 decline in crude oil prices, the Obsidian energy effaced financial and operational difficulties.   Over the last three years, the Alberta-based oil and natural gas manufacturing company implemented an aggressive debt reducing strategy selling most of its

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Canadian Company Penn West Exploration Ltd Renamed To Obsidian Energy

Obsidian Energy, formerly known as Penn West Exploration Ltd, is a renowned Canadian oil and natural gas production company. Obsidian Energy serves as a medium-sized company and is found in Calgary, Alberta. Toronto Exchange market recently ranked Obsidian Energy as one of the top 60 firms on the merit of its scale of operation.   Between 2005 and 2011, Canadian Royalty Trust peaked in the market with a capital worth $9.5 billion in 2008. A decline in the value of

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