Stream Energy

Once Hurricane Harvey dropped heavy rains across Houston, most companies in the United States watched powerlessly as numerous Americans lost their homes, properties and even lives. One company in Dallas, Stream Energy, spent some of the money it had earned from its very successful business engagements to fund the recovery and reduce the financial load carried by some of the Hurricane’s survivors.

Corporate philanthropy is part of the organizational philosophy for Stream Energy. The energy corporation recently launched a charity foundation, Stream Cares, to make its on-going philanthropic projects across Texas formal. It is important to note that Stream Energy had been carrying out philanthropic engagements in Texas for over 12 years in a non-formal manner.

In as far as Hurricane Harvey was concerned, however, Stream came out and showcased how companies in Dallas ought to leverage philanthropy and charity as an intricate part of their brand recognition.

In the corporate world, having a separate philanthropy department is quite a new undertaking. It provides multiple advantages. The corporation gets to give some of its earnings back to the immediate community, while also earning the loyalty and respect of potential consumers.

According to numerous statistics, corporate America is very generous. In 2016, corporations handed over close to 19 billion U.S dollars to various charities across the country and overseas. However, this figure does not include corporate scholarships, donations, cause marketing, and efforts employed by individual employees to the charitable courses of their choice.

Stream business model is quite simple. Through its sell of energy, the company is able to pay its affiliates to create a network of loyal customers and deliver a wide array of services and products, ranging from mobile phone plans to fixed-rate energy. Stream Energy offers both corporate and residential services, from telemedicine to virtual doctors and discounted clean energy.

Successful Stream affiliates are trained to care about the homeless. Both the corporation and the staff members regularly check how many people are homeless in Texas alone. It is through this organizational culture that the company has been able to significantly reduce the percentage of homeless people living in Dallas.

http://www.innovationews.com/Stream-Energy-introduces-Budget-Power-Plan/

Jeff Yastine Advises Investors Not to Overlook Cyber Security Industry for Investment

Jeff Yastine joined Banyan Hill Publishing in 2015 and is also the editor of the ‘Total Wealth Insider’. He has been a financial journalist for nearly two decades and has great insight into the stock market that he shares with his readers. In the last years, he has used the medium of weekly magazines ‘Banyan Hills Sovereign Investor Daily’ and ‘Winning Investors Daily’ to share hot tips with its readers. All of his articles are easy to understand by ordinary people with little knowledge of the economic trends but would like to invest in it. Check: https://www.stockgumshoe.com/tag/jeff-yastine/


In one of his recent articles, Jeff Yastine had discussed the importance of cybersecurity in today’s technological world. The recent hacking of the top financial institutions and social media accounts by hackers has led to a demand for cybersecurity services. In the past, governments have been advising the banks, insurance companies and also other financial institutions to revamp their old security systems to ensure that the customer’s information is safe by all means. But, today it is not just the financial institutions that are under threat. Even large companies that use personal information of users for online payments are also required to encrypt their servers so that the data cannot be hacked and used for illegal activities. It has led to companies invest more on encryption and online security products. According to Jeff Yastine, the demand for cybersecurity products is set to increase even further. Thus, investors should not shy away from investing in the cybersecurity industry that is expected to grow by tenfold in the coming years. Read more about Jeff Yastine at Talk Markets.

Jeff Yastine went to the University of Florida where he studied Journalism. Soon after graduating, he joined a local television reporter to gain experience. Soon, he was approached by the PBS to become an anchor with the Nightly Business Report in 1993. The show was one of the most-watched commercial broadcasts across the globe and had about a million viewers per show. During that time, he had the opportunity to interview some of the top people in the financial industry, and he too learned a lot from them. Visit the website jeffyastineguru.com to learn more.

 

 

 

Penn West Becomes Obsidian Energy

The Canadian oil royalty trust, Penn West, has undergone some changes, and it has turned out to be more than a simple name change. Obsidian has restructured into a regular corporation, and has made other notable changes. These changes were voted upon and passed at a recent shareholder meeting.

 

Based in Calgary, Alberta, Canada, Obsidian Energy recently changed its name, as it was at once time known as Penn West Energy Trust. Undergoing some changes, the company is looking forward to a great year in 2017. Although it is called a medium-size energy producing oil and gas company, it is one of the 60 largest companies on the Toronto Stock Exchange. Shares of OBE are traded on the New York Stock Exchange as well.

 

Although the company experienced operational and financial difficulties when the price of oil fell in 2014, its financial future and operations appear secure on today’s markets.

 

After having converted from a Canadian Royalty Trust to a standard corporate structure in 2011, the company pays its dividends on a monthly basis, which is a rarity for companies listed on the New York Stock Exchange.

 

In their recent annual meeting, shareholders approved the name change, and all other changes listed on the agenda. Since October, David French has taken over as CEO for the company. He had asked the stock holders for the name change, since, as he said, “The company no longer resembles the old Penn West”. See This Page for additional information

 

In 2013, the company reduced its debt by selling assets, reducing that debt from $3 billion down to $384 million.

 

Obsidian Energy appears to be a smaller company than the previous Penn West. Their production will be down to about 28,000 barrels of oil per day, compared to the previous 135,000 that was produced in 2013.

 

In a streamlining process, the company reduced its employees by about one thousand employees.

See: https://www.bloomberg.com/quote/OBE:CN

Obsidian Energy, Brand New Name

Obsidian Energy Ltd. Is an average sized Canadian oil and conventional natural gas manufacturing company located in Calgary, Alberta? They experienced financial and operational adversity when prices of crude oil immensely went down in 2014. Consequently, the company goes through a compelling restructuring with the bulk of the resources bargained over the next two years to lessen the debt and the company’s arrears.

 

 

In July, by the year if 2014 Penn West freshly delegated Financial Officer Dyck, David had detected and disclosed irregularities in the company’s bookkeeping system that misclassified approximately and roughly 300 million dollars in cost and damages. Penn West Petroleum alert the U.S. and Canadian directors regarding with the inconsistency and flaws and broaden their inspection and analysis to reassess and re-examine conclusions way back in 2007. The accusations bound, and tied auditing irregularities comprise those in Canada and a class force impeachment in the United States. At the end of July 2014, independent accountant and auditors revealed and confirmed that 70 million dollars’ worth of expenses that is rechanneled as the capital disbursement on stuff like property and equity, equipment and plant in financial 2013.

 

 

The auditors disclosed that hundreds of millions of dollars in costs had been inadequately and improperly classified, urging it to summarize and recap financial reports for the year of 2012, 2013 and the first part of the year 2014. Get Additional Information Here.

 

 

On June 26, 2017, Obsidian is happy and satisfied that the investors or bondholders approved the change name. The CEO, French Dave, reveals that the firm designates the name Obsidian because it is typically acquiring volcanic looking glass that can be a grind and honed. Shareholders chose and voted 92 percent in backing up of the resolution of changing the name.

 

 

They are pleased to identify the final step with the transformation changing the name to Obsidian Energy. As they embark the brand-new stage, they will monitor the company with ethics and foundation. Obsidian Energy is well grounded in right resources and assets.

 

 

Additional to the name change, investors and shareholders legalized and approved all resolutions bounded in the 2017 Annual and Special Meeting on April 30, 2017. Currently, the company was at the apex of its success and was even among the sixty most prominent firms in the Toronto Stock Exchange and was also a Canadian Royalty Trust (CANROY).