Stream Revolutionizes More Than Just the Energy Business

Stream Energy is an alternative gas and electric service available to seven states throughout the U.S. Stream Energy is a direct-energy seller, which means plans and services are offered by contractors directly to consumers. It operates like a brokerage, with contractors earning commission on the client lists they generate. At a normal electric provider, you deal with faceless consumer service specialists. At Stream you would be dealing with the person who signed you up. Directly.

Stream came to be 2005, founded by Rob Snyder and Pierre Koshakji. Though initially providing service to Texas, the company eventually expanded to six other states. It currently offers service to New York, Pennsylvania, New Jersey, Maryland, Georgia, Illinois, and Washington D.C. The company also expanded its services to include home security and mobile service plans. These two services are available nationally. Stream Energy is also a proponent of corporate philanthropy, wherein its charitable pursuits are made part of the business model. Associates and contractors place their philanthropy as part of their everyday work schedule, donating to various funds as if it were a standard deduction on their paycheck. To manage its philanthropic arm Stream created internal charity Stream Cares.

Stream Cares is a charity organization that works with other charities to plan events, provide aid, give back to the community, and donate funds to said charities they work with. Stream Energy takes a more hands-on approach with their charity as they become a physical presence not just a signed check. One of the principle causes that Stream devotes time and money to is homelessness in Dallas. The company, through Stream Cares, provides funding to organizations like Hope Supply Company, Habitat for Humanity, and the Red Cross in order to fight homelessness and support homeless families. So far Stream’s philanthropy has helped many families and increased the quality of life in the Dallas Area.

https://www.puc.texas.gov/industry/electric/directories/rep/report_rep.aspx?ID=ELSQL01DB1245339200001

How Obsidian Energy Attained A Positive Turnaround In Its Industry

One of the biggest industries in Canada is the oil and natural gas industry. One of the mid-sized players in this industry is Obsidian Energy Ltd., a business that is headquartered in Calgary, Alberta. It was founded in 1979 and has oil and gas wells in many locations in western Canada. The company employs about 300 people. Like almost all companies in this industry they struggled for a few years when the price per barrel of oil plummeted. Since the price per barrel has been steadily going up over the last year Obsidian has found more success recently.

 

The oil and gas fields that Obsidian Energy has wells in are in Alberta. There are three main areas in this province that they obtain oil and natural gas; Alberta Viking, Pembina Cardium, and the Peace River Oil Sands. This region, called collectively the Western Canadian Sedimentary Basin, is among the globe’s largest proven oil reserves. Each day about 31,000 barrels of oil are produced.

 

Up through June 26, 2017, Obsidian Energy was known as Penn West Petroleum. They had engaged in a lengthy restructuring of the company where they reduced debts and sold off assets. As the leaders of the company were looking for a fresh start they proposed that the name of the company should be changed to reflect this. This proposal was put before the shareholders of the company and they approved this change. the new name was sharpened because Obsidian is a type of rock that can be both honed and sharpened. Click Here for more information about the company.

 

In the second week of December 2017 it was announced by Obsidian Energy that Gordon Richie had been named to the company’s board of directors. He joins the company’s Acting Chairman of the Board, George Brookman. Ritchie brings with him almost 40 years of experience in the financial industry where he was a top executive at such firms as the Royal Bank of Canada Capital Markets.

 

View Source: https://en.wikipedia.org/wiki/Obsidian_Energy