OBSIDIAN ENERGY’S TRANSFORMATION JOURNEY

Obsidian Energy is a conventional gas and oil producing company situated in Alberta, Canada. It recently changed its name from Penn West Petroleum following a continuing resolution in the company’s structure. In June 2017, a vote for the name change was conducted during the shareholders AGM with 92% of the votes favoring the resolution. David French the company’s CEO stated that they plan to oversee a moderate growth in the next few years with budgets tightly tied to the prices of gas and oil. The name change would cover the company’s high levels of debt, a crash on commodity price and an accounting scandal in 2017 that made investors act on lawsuits that had been settled in the previous year.

 

In mid-2014, Penn West Petroleum announced that they were experiencing improper classification of expenses that had led to the loss of so much money in millions. The situation forced them to restate their reports of finance from 2012 to March 2014. The scandals forced the company to reduce the employees count from 1,400 to about 400 and their product from 135,000 to 28,000 oil barrels in a day. Obsidian Energy then used their asset sales to reduce their net debt from about $3 billion in 2013 to $384 million in March 2017. In November 2017, they announced that they had settled a lawsuit filed by the US SEC in June 2017 concerning the 2014 restatement of particular financial results with $8.5 million. The settlement terms required the company to pay the stated amount without denying or admitting the allegations. This move would restore the company’s long-term Legacy.

 

Obsidian runs under three principles; innovation and relentless progress pursuit, disciplined commercial and technical decision making to protect and build enterprise value, and transparent and accountable efforts with their partners, shareholders, and operational communities. Obsidian Energy is now well-positioned with a balance sheet that’s healthy, a hedging strategy that is prudent and right assets that would allow it to set performance standards even in environments with lower prices. Its operations would now be different from those of Penn West Petroleum since it is now a smaller company whose maintenance will be easy to handle.

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Learn Business Success Tips with Glen Wakeman

Glen Wakeman is the founder and the President of the LaunchPad Holdings. Glen was inspired by helping young investors make their ideas a success. He says that during his research, he realized that the best ideas were from the startups, but still they failed so often (https://www.dailyforexreport.com/glen-wakeman-global-mogul/). On getting to the core of the failure, he realized that many young investors could not differentiate between a plan and an idea.

Many individuals have excellent ideas but fail when it comes to bringing them to life. Glen Wakeman says that he understands that some ideas are brilliant while others are not as good as they may sound in one’s brain (Blogwebpedia). This is why he forces himself to loudly explain his ideas to other people, to listen to himself and get the opinion of others. He explains that this is helpful because to convince his audience, he has to come up with a well-planned detailed discussion supporting his idea.

Glen says that this strategy can only work if the individuals around you do not agree with everything you say. He needs people who will go beyond asking why and criticize his idea. It is through answering the questions that the idea comes to life.

Glen says that one trait that makes him effective in his business is his level of curiosity. He confesses that he is always trying to understand why things happen the way they do. It is through his curiosity that he understands the customer behavior, making it easier to satisfy his clients. His curiosity also ensures his always one step ahead of his competitors.

Glen’s worst job was in an auto parts factory, where he worked as a washroom cleaner. He says that the bathrooms were filthy and greasy, but that was the only job he would get at the time. He faithfully committed to his work to accumulate his college fee. Through this job, he learned that no matter how bad any job may seem, it has dignity. He also learned never to take for granted any opportunity that life gives him.

The best $100 that Glen has spent was on learning the Spanish language; it gave him a chance to explore another culture and most importantly convince his wife to go on a date with him.

 

Perry Mandera Brings Passion and Perseverance to Custom Companies

In 1986 Perry Mandera was in the trucking business and had the idea of offering a one-stop shopping experience that would meet all of a customer’s transportation needs. With that vision and a commitment to World Class Customer Service, Perry Mandera founded Custom Companies, Inc. It took grit for Perry Mandera to grow and develop Custom Companies these past 32 years. Custom Companies now has hub offices in Chicago and Los Angeles, over 600 employees and $200 million in annual revenue. In the recent book Grit: The Power of Passion and Perseverance, its author identified four qualities possessed by people with grit. Here’s how Mandera stacks up in the four conditions of grit:

  1. Have a fierce resolve in everything you do.

An employee at Custom Companies commented “Perry has remarkable drive. Perry is a visionary and is always ahead of the game.” His focus was recognized when the Illinois Truckers Association listed Mandera in its “Top 100 Executives of the Millennium” in 2000

  1. Demonstrates determination, resiliency, and tenacity

On the company’s 30th anniversary in 2016, Mandera was asked what challenges he faced in building his business, “Convincing potential customers about the one-stop-shop (transportation company) concept. In the second ten, it was “Controlling growth and profits while still providing ‘World Class Service”. In the third ten, it is “Remaining competitive in the marketplace with competing technologies, pricing, and service.”

  1. Does not let temporary setbacks become permanent excuses

“My time in the United States Marine Corps prepared me for a life in business”.

  1. Uses mistakes and problems as opportunities to get better – not reasons to quit.

Perry Mandera is known for his ability to see obstacles as opportunities. A longtime employee reflected on this theme: “Custom Companies is always evolving and changing. I like that Perry thinks outside of the box and is not afraid to try something new.”

Custom Companies, now in its 32nd year of operation, thrives under Mandera’s leadership. What makes him proud? We get a hint of this remarkable businessman’s values in his response to the question. He makes no mention of money, instead, without hesitation, Mandera responds: “…the retention of people and the ability to adjust to an ever-changing logistics industry as well as the ability to help countless numbers of people though Custom Cares Charities (Customcares).” His employees, his customers, and the charities that benefit from his generosity are grateful that Perry Mandera, Founder of Custom Companies is a leader with grit.

 

Jorge Molls Insights and Views in Life

Dr. Jorge Moll studied doctor of medicine at the Federal University of Rio Janiero, Brazil (Crunchbase). He finished his residency in the same town. He specializes in neurosurgery. A branch in medicine focusing on the brain. To date he is currently affiliated with D’Or Institute of Research and Education in the Cognitive & Behavioral Neuroscience Unit. He has always been a person full of passion and dreams. The dream to help build a world-class research, education and health care in his country. His educational background is superb. As Dr. Moll achieved the highest form of education his doctorate degree of Experimental Pathophysiology in São Paulo University.

He is a very busy person. Most of his days are spent to meetings with associates, students, researchers, and the like and scientists that are from different organizations. His advice is not to store ideas and plans. You either go with the idea or use your other ideas as quickly as to not waste time. He also believes it is very important to have a free exchange of ideas and collaboration. Jorge Moll considers that being productive is being open, skillful, and transparent. His belief is that the present career pathways and publication are hindering the scientific innovations. People should have to dream big and take the challenge in a positive way because these challenges will give us the ability to pursue our dreams and aspirations.

For now he has the idea that in starting a company it would be great if it provide the needs of everyone. It makes entering a hospital simple, enjoyable, and memorable. Working with different people and helping each other helps boost the work morale of the workers.

 

Getting to know Dr. Jorge Moll

His favorite quote by Da Vinci. “Simplicity is the ultimate sophistication.” When we say sophistication, it pertains to the process of being knowledgeable and cultured. Living simply is what makes the life more enjoyable. You tend to have lived the life if it is lived simply. Also by being humble, we achieve the simplicity we aim to be able to be sophisticated in our own little ways. We only got one chance in life and we must do it the right way. Just like what Jorge Moll’s favorite quote.

 

 

Approaching 90 Years Old Isn’t Stopping Sheldon Lavin From Doing His Job At OSI Industries

One of the happiest CEO’s in the food industry today is Sheldon Lavin, the leader of the McDonald’s franchise’s largest partner OSI Industries. Lavin has been in this business for a long time and is almost 90 years old, but he never seems to lose his passion and energy while on the job because he loves not only knowing that quality foods will be delivered, but loves the interaction he has with the people he works with. The way Lavin described the company was one that has an open door to ideas and values hearing everyone’s input. There are some policies that govern the company because like all other companies, it needs to uphold strong ethics and encourage diversity, but Lavin said it doesn’t have the usual corporate “rule from the top” structure.

OSI Industries currently operates all around the world, but it was only a local company when Sheldon Lavin first came there. Lavin had gotten his bachelor’s degree in finance and was a top-ranking advisor for a large investment bank in his early career. He stepped down from that job and started his own boutique services firm, and it was while running this firm that he became acquainted with the Kolschowsky family who owned Otto & Sons, the original name of OSI Industries. Otto & Sons had had a good reputation in processing meat for local merchants, but a new partnership with McDonald’s meant they were going to have to go grow substantially, and in order to do that they needed to build a big meat processing plant. Lavin was who they asked to help get a bank loan, and it was while doing this that he first came across the offer to become a partial owner of Otto & Sons. Lavin turned this offer down because he was committed to financial career, but he did promise to come on part-time as a consultant at the company.

As Sheldon Lavin spent more time at Otto & Sons, he started understanding more on how the meat supply industry worked and realized the company could become dynamic with the right moves. So he reconsidered the offer to work at the company full-time and at the request of its current owners and their McDonald’s partners, he bought the controlling shares and assumed the title of Chairman and CEO. Over the next several years the company became renamed to OSI Industries and began opening even more plants. By the 1990s it was operating in China, Brazil, Germany and later moved into the UK, Canada and Australia. Lavin not only became interested in growing the company, he also decided to use it to partner with and support community service groups like the Inner City Foundation of Chicago, the Boys & Girls Clubs, Jewish United Fund and several healthcare foundations. In honor of his contributions to community service he was given the Edward C. Jones award from the North American Meat Institute, and the Global Visionary award by Global Vision Academy.

Learn More: www.linkedin.com/in/sheldon-lavin-a325b98

How Louis Chenevert Became a Legendary in the Investment World

Many factors determine the direction that every company takes. One of the most significant factors is leadership. The CEO of an organization is the driver of a conglomerate and needs to navigate wisely to be able to take the company to the next level. This is why every firm needs to be careful about who they nominate as the President and CEO of the Company.

United Corporation Technologies (UTC) was keen in appointing their CEO in 2006, and their decision made a permanent difference to the firm. The current CEO of the firm says that the mechanisms that Louis Chenevert used are still employed in the firm to maintain the standards of the conglomerate.

Here are some tips on how Louis Chenevert became legendary in the investment world;

Investing in the Future

Louis Chenevert led UTC to invest in future high technology. He was not only concerned in the assets of the company but the employees of the firm as well.

Louis Chenevert believed that it was through organizing and empowering his team that he could accomplish his goals as the CEO. This is why he chose to transfer his employees to other sectors of the firm where their skills would be valuable.

Louis Chenevert saw investing in future technology as the only way of safeguarding the future of the USA.

Creating Environmental Friendly Products

Besides being a successful businessman, Louis Chenevert is an environmentalist. When he realized the high level of global warming, he found a remedy. He reduced the consumption of water as well as the emission of gases. As a result, the products of the company were acceptable in many countries which increased the sales of the company. Louis encouraged other firms to follow the same path.

Meaningful Acquisitions

During his reign, Louis Chenevert made purchases that have been confirmed very valid to the firm. For instance, the Pratt & Whitney acquisition that cost the firm $10 billion and 20 years to develop has been very productive in the long last.

He also made history in the United States for crossing a $16 billion aerospace deal with Goodrich.

http://www.courant.com/business/hc-goldman-sachs-louis-chenevert-20150909-story.html

Shervin Pishevar Talks the World Outside of America

The co-founder of Virgin Hyperloop One, Shervin Pishevar, is a reputable investor who often garners the attention of his contemporaries when he speaks on financial matters such as potential investments, or the future of the US economy. Being that he has consistently connected with auspicious companies in their infant stages, going on to reap significant gains, his perspective is highly valued.

Traditionally, Shervin Pishevar has taken his ideas to social media, and after a short respite, he recently began posting on Twitter again. Just as surprising as his return, was the subject matter that he chose to cover, which ranged from the current infrastructure of America, to path of Bitcoin, which has been the subject of much scrutiny as of late.

Bitcoin has been one of the most polarizing investments to surface in recent history with a large group staunchly on the fence regarding its potential; Shervin Pishevar does not belong to this group. In fact, over the next 24 months, Shervin Pishevar believes that, after a continued period of decline, Bitcoin will begin to crawl back to its winning ways. Shervin Pishevar also believes that the current conditions of America’s roads and buildings leave very much to be desired.

When compared to countries that the United States has competed with historically, most notably, China, he’s found that we are leaps and bounds behind many of their capabilities. To further emphasize his claim, Shervin Pishevar mentioned a train station in China that was completed in a fashion that the US cannot compete with; 1500 men working to completion in under nine hours. As impressive as this is, it also puts into perspective the level of innovation currently operating outside of US borders.

According to Mr. Pishevar, as it stands now, American innovation has become globalized and the United States in no longer a necessity for the creation of companies that will impact the world. Provided the costs associated with operating in the United States, as well as decreased innovative outputs in Silicon Valley, many of these auspicious startups may be better served to operate outside of the country.

https://www.huffingtonpost.com/author/shervin-pishevar

Stream Energy’s Continued Commitment To A Healthy Corporate Culture

The company has for long been involved in charities that assist ex-military and serving army officers and their families leaving in Texas.

They work in Collaboration with Operation Once in a Lifetime to give material and emotional support to veterans and their families.

Stream Energy is currently giving free telephone services to army officers and their families to keep in touch when in operations away from home.

Other charity activities for veterans include special Christmas lunch for them and their families.

Instead of donating to each family, the company transports them to a restaurant where they spend time together, get to know each other, and share experiences and a special lunch at the restaurant.

In 2017, the company paid all the expenses to host the American Girl Doll for ten daughters of veterans in Dallas. The girls got transport, supplies, and lunch.

Together with Hope Supply Co., Stream Energy sponsors the annual Splash for Hope event that brings together homeless children for a fun-filled day at a water point in Texas.

The children enjoy water games, lunch, and supplies to take to their families. Through this initiative, the company donates school items, clothes, and food to the children and their families.

Charity activities earn respect for companies that support them. Potential and existing customers are confident to continue working with the firm so that they too can indirectly support the charity to which the firm is giving.

Stream Energy has benefited from its charity works. In 2017, Marketing Strategies International put the firm on the list of the top ten most trusted providers of electricity.

The Direct Selling Association placed Stream Energy on the list of top twenty MLM companies in the same year. These awards are testament to the footprint that Stream Energy continues to stamp.

https://www.linkedin.com/company/stream-energy

Dr. Mark Mofid Develops New Gluteal Augmentation Implant

Dr. Mark Mofid is a plastic surgeon and reconstructive surgeon in Southern California. He specializes in research that is focused on making surgeries involving implants safer, such as his work on gluteal augmentation. He developed a new implant for this surgery which is both safer as well as more natural looking. Many of his peers in the industry are now using this implant when conducting gluteal augmentation surgery.

Right after entering the world of plastic surgery Dr. Mark Mofid identified many things that could be really improved upon. He says when he started the gluteal augmentation implants had a lot of problems. Chief among these was that they just didn’t work with a person’s muscle structure which would inevitably lead to them slipping down. He performed a lot of research over the next eight years and his invention doesn’t have these issues. His implants stay exactly where they are supposed to.

Dr. Mark Mofid’s practice serves the Chula Vista, La Jolla, and Del Mar areas in and around San Diego.

He has been board-certified by both the American Board of Facial Plastic and Reconstructive Surgery as well as the American Board of Plastic Surgery. He says his clinical staff is made up of him and a dermatologist, who happens to be his wife, and well as a full-time nurse. In addition to performing elective surgeries he also offers laser services. Each year several thousand patients obtain services at his practice.

Over the course of his career Dr. Mark Mofid has seen a lot of new technology hyped in the industry only to fall flat in actual practice. This includes technologies such as Endermologie, laser fat treatments, and thread lifting among others. He says he sticks with a Cutera laser in his practice because it is tried and true and just plain works well. He uses this laser to treat veins and for the removal of hair.

As for how he advertises his business, he says that he mainly uses word of mouth. It’s less expensive to go this route and you get to compete on the quality of the work that you do.

http://ceocfointerviews.com/interviews/DrMarkMofid-PlasticSurgeon18.htm

The Success of Graham Edwards and Telereal

Telereal Trillium is among the most prominent property companies in the United Kingdom. Currently, the company oversees a £6 billion worth of portfolio that consists of properties that has an overall area of eighty-six million square feet and some of it houses 1% of the United Kingdom’s labor force.

The impressive contribution and success of Telereal Trillium within the property industry of the UK is due to individuals managing the firm, which includes Graham Edwards.

Graham Edwards is the Chief Executive Officer of Telereal Trillium. He has been with Telereal from the beginning in 2001 and has had an essential part in its growth and expansion until it became Telereal Trillium.

Telereal started in December 2001. During that period, Edwards initiated Telereal in a partnership with BT Plc, known in the past as British Telecom. The business arrangement included all the properties owned by BT within the United Kingdom. The deal which was approximately £2.38 billion, Telereal purchased 6,700 properties that have an overall area of 59.2 million feet. The contract which was closed with BT created Telereal.

Telereal was a joint consortium between Land Securities Trillium and Pears or The B Pears Trust and William Pears Group. In 2009 Edwards initiated an agreement with Land Securities Group Plc that led to the purchase of Trillium – that led into Telereal Trillium at present. The said deal paved the way for Telereal Trillium to become a prominent name in property expansion and sourcing. It also emphasized the company’s exemplary know-how in development, investment, and property partnerships that reaps yearly revenues of £1 billion.

Before he joined Telereal, Graham Edwards was Talisman Global Asset Management’s chief investment officer. During Edward’s time with Talisman, the initial capital investment of £50 million became £1 billion plus. Prior to Edwards’s employment with Talisman Global Asset Management, he worked as the Finance Head of the BT Group Plc’s property department and the Fund Manager of Merrill Lynch Investment Management.

Under the diligent supervision of Graham Edwards as the CEO, Telereal Trillium continues to succeed in property investments and grows profitably, which would ensure its stability in the UK property market in the years to come.