Stream Energy Cares For It’s Community

In August of 2017 hurricane Harvey brought several feet of water to the city of Houston. Many individuals watched the horrific devastation the storm brought with it. Hurricane Harvey would claim the lives and homes of many individuals. One of the first company’s in the city of Houston to step up and help with the recovery process after the storm was Stream Energy. The company is involved in selling energy to its customers and took it upon itself to assist its customers who ended up undergoing financial hardships due to the storm. Stream Energy is a company that prides itself for partaking in philanthropic efforts throughout its community. The company started “Stream Cares”, which is the charity the company recently founded.

Stream Energy launching a new part of their business specifically dedicated to philanthropy is very new in the corporate world. This allows for the company to give back to its surrounding community, but also earns admiration from those who live in the area and who may potentially become future loyal clients. A company undergoing scandals, profit losses and hard times may utilize this method to improve the image of the company. While many people view corporate America as completely greedy, the statistics show that corporate America donates to numerous charities across the United States.

Stream Energy has a history of working with organizations such as the Red Cross and Habitat for Humanity. Company management and the day to day employees make a combined effort to give to the local community. The company encourages its employees to choose ways to help the local community. The workers at Stream Energy are all passionate about caring for the members in their local community who are homeless.

Stream Energy joined efforts with the Hope supply company to help pay for an event called the Splash for Hope. This event helps to bring over one thousand homeless children to a local water park. The entrance to enter the park and their food costs are paid for. Many of these children have never experienced a waterpark before. The companies also offer money and supplies to help the children as well.

https://www.inc.com/profile/stream-energy

Do You Know Why GreenSky Credit Is So Great? You’re About To

GreenSky Credit, a popular lending program supported by GreenSky of Atlanta, Georgia, has been in operation for the past 12 years. Over that span – beginning in 2006 and continuing to the present day – GreenSky Credit was responsible for facilitating upwards of two million transactions with a total dollar value exceeding $13 billion.

This lending program is different than most traditional means of financing for several reasons – here are a few of the most important.

GreenSky Credit operates through the Internet

That’s not to say that GreenSky and its GreenSky Credit program are the only businesses in all of financial services to utilize the Internet; GreenSky Credit is, in fact, one of the few companies in the industry to conduct all of its business through mobile applications and web browsers.

However, customers can apply by taking snapshots of their identifying documents and fill out a handful of forms – both of them – through its mobile app or the World Wide Web.

GreenSky doesn’t take on any substantial financing – at least not directly for lending

It’s true that most businesses – especially those that are traded openly on public stock exchanges, which includes GreenSky – take out financing for various purposes. In short, all such financing is dedicated to beefing up operations and not having to go without cash in the short-term or sell a company’s long-term assets in the name of paying important bills and obligations in the interim.

It’s also true that GreenSky has debt on its balance sheet; however, none of the money it took out loans for was used to lend money to customers. A vast majority of companies that compete in the lending arena simply take on major, colossal loans in the hundreds of millions of dollars range just to break them down in smaller amounts and charge higher interest rates on such smaller loans.

The company employs a boatload of workers

How many financial institutions that lend relatively small amounts to consumers employ more than 1,000 individuals? Not very many, especially not local financial institutions. This mass of employees encourages potential loan recipients to shop with GreenSky Credit due to GreenSky having enough employees on duty at all times to deal with any problem thrown at them.
https://www.greenskycredit.com/why-greensky/

Matt Badiali Use His Expertise In The Earth Sciences To Guide Investors

Matt Badiali is a senior editor who works for Banyan Hill Publishing. He has two financial newsletters that he edits, Front Line Profits and Real Wealth Strategist. His specialty is investing in natural resources. Real Wealth Strategist shows people how to invest in natural resources which are notoriously boom and bust and thus you need to have a lot of knowledge to do well. Front Line Profits focuses on small-cap companies that are involved in the natural resources industry. He ferrets out which of these companies are about to experience phenomenal growth in their stocks, sometimes more than 1000 percent, and lets his readers in on this research. Follow Matt Badiali on Twitter.

As a university student  Badiali focused on the earth sciences. He earned an undergraduate in this field in 1992 at Penn State University. He furthered his education by earning a master’s degree in this subject in 2000 at Florida Atlantic University. He was set to earn his Ph.D. at the University of North Carolina when he decided to pursue a career as an investor instead. His specialized background in earth sciences means he has the knowledge it takes to successfully invest in things like gold mines, oil wells, and other companies that make up the natural resources industry.

In October 2017 Japan’s Kobe Steel admitted that they were selling defective steel. They had been faking the test data about the steel they produce for several years. This is a huge problem, Matt Badiali says, because their faulty steel was used by more than 500 companies around the world. It’s a huge safety issue because there are now millions of cars, airplanes, trains, and electronics which could fail due to the steel in them being suspect. Read this article at seekingalpha.com to know more about Matt Badiali.

After this problem came to light the stock of Kobe Steel dropped like a rock. Some investors said that once it had significantly dropped it was a value and investors should start buying more of their stock. In an article he wrote Matt Badiali put the kibosh on that plan. He said at the time that it was exceedingly likely the scandal was just going to get worse and Kobe Steel’s stock still had a lot farther to fall. He also pointed out that fines and penalties issued by the Japanese government could even cause this company to go into bankruptcy. As it turns out he was right and their stock still hasn’t recovered from this scandal. You can learn more about Matt Badiali by visiting: https://mattbadialiguru.com/

 

Obsidian Energy Is On Pace To Hit Volume Targets

Like most energy producers, Obsidian Energy is seeking to earn profits in an environment where retail oil prices remain flat. The company focuses on maintaining energy-producing assets while keeping expenses to a minimum. Obsidian Energy currently produces around 30,000 BOE (Barrels of Oil Equivalent) each day. The total output includes light oil, heavy oil, and natural gas.

 

The company’s management has set a strategy based on commodity prices that have been trending down for the past few years.

 

Obsidian Energy has been spending less capital in anticipation of declining returns. The company has been able to pay less cash as their current projects keep producing at significant levels. Even with less investment money in play, they plan on delivering 31,500 BOE daily by the end of the year. Learn More Here.

 

Obsidian Is Expanding Production

 

The energy business is volatile, but barrel pricing has remained down as many world importers expect a spike in output. The key to profitability moving forward is keeping a tight rein on production, investment outlay, and expenses. David French, the current President and Chief Executive Officer of Obsidian has announced a systematic production plan that’s in-line with potentially low retail prices. The company, which maintains its headquarters in Calgary, Alberta, plans on stepping up their development program to its highest levels in three years now that they are retiring several legacy assets that ran with higher operating costs.

 

Management is also reinvesting money into the production centers with the highest production. The Cardium Waterflood Platform will get the lion’s share or funds this year with $80,000,000 put in. That’s exactly half of the years $160 million total outlay. The current plan also involves cutting expense to $13.00 to $13.50 BOE. Belt-tightening has been going on in the oil industry since 2013, and the new emphasis on controlling expenses appears to be paying off. Obsidian has been able to diversify their production and continued to manage their assets carefully. At the current time, the energy sector continues to face the middle of the road pricing demand. Obsidian is well-positioned for a firming of retail energy demand and prices.

Obsidian Energy Performance After Its Renaissance

Obsidian Energy is an oil and natural gas production company. The middle-sized company is based in Calgary, Alberta in Canada. The company was initially called Penn West Exploration Ltd., Penn West Petroleum, and Penn West Energy Trust. It changed its name during a shareholders’ meeting held on July 2017 after a series of changes that restructured the structures within the organization. Approximately 92% of the shareholders were in favor of changing the name of the organization to Obsidian Energy.

 

The mother company, Penn West, went through various high levels of debt that it managed to survive. Moreover, it underwent numerous accounting scandals that accrued in lawsuits that were resolved in court. The transformation of Obsidian Energy from the mother company, allowed it to reduce its net debts. The company has also channeled its focus on only for production areas that it deems key. The company also reduced its number of employees to 300. This improvement has enabled Obsidian Energy to function properly.

 

According to Dave French, the Chief Executive Officer of the company, the name Obsidian was chosen because obsidian is a volcanic glass that occurs naturally. Moreover, the volcanic glass can be sharpened and refined. The organization has the potential of succeeding in the industry given its transformation that allowed it to emerge stronger. Moreover, its assets, entrepreneurial spirit and professional staff put the company in a better position of succeeding in the Oil and Natural Gas industry. Get More Info Here.

 

The company has taken positive steps of collaborating with other companies in the industry in order to achieve a common goal. Obsidian Energy jointly ventured into the Manufacturing of Cold Flow in Peace River with China Investment Corporation. The partnership is referred to as the Peace River Operated Partnership (PROP). The partnership has invested a lot of resources into the venture in to manufacture cold flow from crude oil.

 

Obsidian Energy also focused on building a Cardium Waterflood Platform. The waterflood platform will sustain a reservoir pressure during the initial stages of production that will decrease the declining rates experienced on the new wells. For over decades, waterfloods have been used in the Cardium to elevate production and rates of recovery.

 

Source: http://boereport.com/2017/06/26/penn-west-changes-name-to-obsidian-energy-ltd-and-announces-voting-results-from-the-2017-annual-and-special-meeting-of-shareholders/