Penn West is not a new name in the energy market. The company has been in the market for a long time, and it impresses its customer by the kind of products and services it has been delivering. For some time now, the private institution investors had proposed that the name of the company to be changed. The management has the good news the investors have been waiting for. The company has approved the name Obsidian Energy Limited. According to the top management of the energy company, the new name will start being used immediately. Apart from acquiring a new name, the company has a new stock symbol that will be taking effect immediately too. According to the management, the new symbol of the company is expected to appear in the Toronto Exchange and New York Stock Exchange. In less than five working days, the shareholders should expect to see all the new changes. The investors who have been working with the company do not have to worry about the changes. This is because they are not required to take action concerning the change. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.
Everyone is very excited about the changes made by the management. The CEO of the institution is known as David French, and he is also very excited to be part of the team that has made history in the energy market. According to David French, Obsidian Energy will now be representing a new chapter and also a story in the market. Although the market is very competitive at the moment, the institution knows the trips and strategies used by the giants, and this is why they have been doing so well. The company understands all its principles, and they work hard to make sure that they are all met. The investors and customers are always given the top priority, and this is one of the reasons the institution has done so well. The company has a highly qualified management team who are always keen to give the customers all the attention needed. Under the leadership of David French, the energy company is looking forward to becoming the leader in the market.
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Learn More: https://www.obsidianenergy.com/