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SM Energy on Growth PDF Print E-mail

SM Energy is developing a portfolio of resource plays with a focus on growth in oil and rich gas.

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Contek Solutions Triples Size Of Office PDF Print E-mail

PRESS RELEASE November 30, 2011

CONTEK SOLUTIONS TRIPLES SIZE OF OFFICE

Due to constant growth since its establishment in May 2003, Contek Solutions has moved its headquarters in Plano, Texas. The company is now located at 6221 Chapel Hill Boulevard, Suite 300, Plano, TX 75093.

“The move was necessary because of our business expansion,” says Georges Michaud, Contek CEO. “This includes more projects, clients, and employees. We needed more space.” Michaud says the move has intrigued employees, many of whom have been following the construction progress. “We’ve noticed a difference in the motivation, interest and excitement level.”

The improved office offers a state-of-the-art work environment, as well as a new training and project team meeting center. Some of these state-of-the-art features include upgraded communications equipment, computer support equipment, reproduction equipment and in-house drafting capabilities. The new equipment will allow for a higher level of data security, increased collaboration with clients, and better access for employees when working remotely, Michaud says.

Contek offers professional services focused in engineering, environmental, safety, regulatory compliance and related management systems. “Many of our clients are increasing their safety efforts in the rapidly growing oil and gas industry,” says Jim Johnstone, Contek President pictured left. He goes on to state that, “Many clients are relying more and more on Contek for environmental regulatory assistance.” The company provides its clients with cost-effective solutions through a uniquely high level of expertise, innovative technical approach and disciplined project management. Contek is flexible and adaptive to specific client needs.

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Helping to Protect Your Retirement Nest Egg against Unforeseen Risks PDF Print E-mail

When many people think about risk, they think about investments. What will the market do? Will my investments survive the ebbs and flows of the economy? The challenge is that many traditional approaches to financial planning do little to safeguard your hard-earned retirement savings against these types of hazards. Are you prepared to take the risk?

A husband and wife had already begun pricing property in the Hill Country for their retirement when their plans took a dramatic turn. The couple had enjoyed many evenings watching travel programs and discussing the pros and cons of staying closer to their grandchildren for their so-called golden years. After working in management for nearly four decades and setting aside funds into a 401(k) and other investments, they had saved up a tidy sum for retirement. The couple’s financial advisor assured them that with a nest egg of $1.2 million earning an average 8% annual interest, plus Social Security income, they would be able to live comfortably on nearly $120,000 yearly income. What their advisor did not plan for was the U.S. stock market plummeting in late 2008—two years before their planned retirement.

Their portfolio was hit hard, and despite having diversified their investments between large cap and small cap stocks, as well as some fixed income assets, the once sizeable nest egg was down to less than $850,000. This meant their retirement income was reduced to $80,000/year. What would they do? The choices were to postpone retirement to rebuild their nest egg, or downsize their retirement plans to live more modestly. After saving money for 40 years, neither option seemed appealing.

A Wake up Call

This same scenario affected thousands of individuals nearing retirement in recent years. Sadly, it was not for lack of planning, but because they followed the conventional wisdom. The traditional approach to save for retirement has been to sock away money during your years in the workforce until you achieve a “magic number” that will spin off enough income for you to live on after you retire. But that magic number could be cut in half if the markets tumble.

A sound retirement plan should be structured to offer financial security, regardless of what the markets do. A sensible strategy to help safeguard assets is to choose investments that are safe or predictable or guaranteed. In this way, you can help ensure that you have a consistent income stream that provides enough money to maintain the lifestyle you planned during retirement, even in a turbulent economy.

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Join Chevron Alumni PDF Print E-mail
Monday, 07 July 2008 12:00
Chevron LogoRecognizing that brand and image management are well served by the internet, Chevron is launching Chevron alumni to reach out to former Chevron employees. The online networking community enables former Chevron employees and former employees of legacy companies to consider career opportunities, refer associates and keep abreast of corporate activities. Join by visiting http://alumni.chevron.com today.
 


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