Matt Badiali is a financial expert who specializes in natural resources investing. He is a senior editor at Banyan Hill Publishing and his publication is Real Wealth Strategist. He says when investing in natural resources you should expect booms and busts because they’re a regular occurrence. He has developed strategies to take advantage of the booms while avoiding the busts. He says a good investing strategy in this sector of the economy can net triple or even quadruple gains in a period of months.
Natural resources is a term that covers things such as oil, natural gas, gold, coal, trees, and so forth. Matt Badiali is an expert at investing in these as well as the energy and agricultural industries. In order to get the true scoop on investments like these, he travels around the world on a regular basis. He says he has gone everywhere from the Yukon to Hong Kong, the Mexican desert, Iraq, and Singapore along with all points in between. He says that the best way to invest in these industries is to get your boots on the ground, see things like gold mines for yourself, and have face to face discussions with chief executive officers, resource investors, and others in the industry. Read more: The Third-Most Important Base Metal Is About to Rally
While attending college Matt Badiali wanted to be a scientist. He earned both his bachelor’s degree and his master’s degree in the field of earth sciences, including geology. He was starting to earn a doctorate when a friend got hold of him who needed his expertise on natural resources. The friend was putting together strategies for people to follow and as he didn’t know much about natural resources himself he talked Matt Badiali into forgoing the doctorate and instead enter the world of investing.
Matt Badiali says he came up for the idea for his newsletter early in 2017. He says that it takes a unique skill set to invest in natural resources because you need to be both a savvy investor and know what you are looking at. He says you also need to understand things like finance and how global markets worth, all areas he is very skilled in. He says he strives to make his writing relatable to his readers. He likes to introduce them to people in the industry through his writing, such as T. Boone Pickens who has long been an expert when it comes to natural resources investing. Learn more: https://freedomchecks.com/
Obsidian Energy company which was earlier on called Pen West Energy trust, Pen West Exploration company and Pen West Petroleum is a medium organization. It is located in Calgary, Alberta. It manufactures oil and natural gas. Obsidian energy is one of the sixty companies in the stock market index known as S&P/TSX 60. The Company was a Canadian Royalty Trust from the year 2005 to 2011.It made it to the peak in the year 2008 with approximate 9.5 billion dollars.
Obsidian energy encountered financial and operational challenges in the year 2004 when the oil prices went down. Due to this the organization went through a vital modification whereby many assets were sold for the two years that followed. This was done so that they could reduce the debt.
The company gas and oil zones are situated at Alberta which is along western Canadian Sedimentary basin. This place is one of the nationwide biggest petroleum resources. Alberta Viking, Peace River oil and Pembina Cardium are one of the important areas where production is done.
The company was named as Obsidian Energy in the year 2007.Ealier on it was being called Penn West Petroleum. It schedules to enable modern expansion in the next three years by putting in budgets which are fixedly tied to the cost of gas and oil. The chief executive officer of the company is called Dave French. He stated that the organization choose the Obsidian Energy because Obsidian is a naturally transpiring volcanic glass that can be modified.
Over the four previous years, the company has been having very high debts. An accounting incidence happened, and it led to class-action litigations by stakeholders. The debt was finally settled. The debts were settled by the company by allowing asset sales to minimize the net debt to 384 million dollars. This took place on March this year compared the year 2013 where the debt was almost 3 billion dollars. See This Page to Learn More.
The organization has cut down its workers count to three hundred from one thousand four hundred workers. It has also reduced manufacturing to about 28000 cylinders of oil per day from 135000 cylinders.
Read More: https://www.obsidianenergy.com/
Formerly known as the Penn West Exploration Ltd, Obsidian Energy is a medium-sized company that specializes in the production of natural oil and gas, and is located in Calgary, Alberta, Canada. For some time, Obsidian Energy managed to emerge as one of the top sixty largest natural oil and gas producers between 2005 and 2011. In 2008, Obsidian Energy managed to reach the peak of its production by accumulating a total of US$9.5 Billion as its gross profit.
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Due to the significant drop in the prices of oil that took place back in 2014, Obsidian Energy faced manacles of financial crisis that actually had a great impact on its performance over a short period of time. The major drop in the oil prices compelled the management to sell some of the company’s assets and even do some restructuring so that it could be able to cover the debts. The above-mentioned process took place within two years following the financial instability that the company underwent.
The Obsidian Energy plants are situated in Alberta around the basin known as the Western Sedimentary Basin. This region is also known to be the world’s best and biggest oil reserve as compared to the ones in the Middle East. Alberta receives production from three major areas before being supplied to the market; the three regions include the Pembina Cardium, Alberta Viking, and River Oil Sands. According to reliable sources, the gross 2017 production is eluded to be 31,000 bbl on a daily basis.
Though the company faced a number of challenges that came as a result of a significant drop in the prices of oil in the world, Obsidian still managed to survive. It is, therefore, safe to conclude that the management that was regulating the duties undertaken by the company at that point did an amazing job. By carefully allocating the scarce resources that were available at that moment, the company managed to spring back to life and make some more profits that enabled it to expand its operation within the nation.