March 12, 2024

PADA Breakfast Meeting - March 12, 2024
7:15 am - 9:30 am
Calgary Petroleum Club - Devonian Room, 319 - 5 Avenue SW

 Tuesday, March 12, 2024

|7:15 am - Breakfast Served |7:30 am - Presentation|

The Calgary Petroleum Club
319 - 5 Avenue SW

Canada’s upstream competitiveness

Wood Mackenzie provides granular valuation data on upstream fields and wells for 2,000 global clients. What trends are we seeing in M&A, well productivities, project designs, corporate and investor sentiment, and what are the implications for Canadian producers? We will focus on Canadian and US sub play and company comparisons and where Canadian resources remain differentiated. 

Featuring Guest Speaker: Mark Oberstoetter

Research Director and Head of Upstream Americas at Wood Mackenzie

About the Speaker:

Mark Oberstoetter is based in Calgary where he manages a team of 20 expert analysts covering the upstream industries across Canada, Latin America, US Gulf of Mexico and Alaska. He has extensively covered deepwater, oil sands and unconventional sectors including asset valuation work and competitive benchmarking.

Mark joined Wood Mackenzie in 2009, moved from Houston to Calgary in 2013 and has been a co-President of our 50-employee Calgary office since 2018. A frequent conference presenter, he has authored 60+ research notes and has been quoted in publications including the Wall Street Journal and Financial Times. Mark’s recent work has included corporate strategy consulting, helping governments assess royalty structures, and providing detailed competitiveness benchmark outlooks for assets, plays and regions.

Prior to joining Wood Mackenzie, Mark worked at Kenmont Capital Partners (an energy-focused hedge fund), Sanders Morris Harris Investment Bank and the Dallas auditing arm of KPMG. Mark holds a Masters in Finance and Bachelors in Accounting from the Texas A&M University and has passed the US CPA qualification exams.

REGISTER TODAY!

February 13, 2024

PADA Luncheon Meeting -February 13, 2024
11:30 am -13:30 pm
Calgary Petroleum Club - Devonian Room, 319 - 5 Avenue SW

Please note: This meeting will take place in our usual location at the CPC, but over the noon lunch hour rather than 7:30 AM. 

Riding the Wave: Behind the Tidewater Deal and the AltaGas Approach

Tuesday, February 13, 2024 | 11:30 AM (registration) | 
The Calgary Petroleum Club
319 – 5 Avenue SW, Devonian Room


Hear from Jon Morrison, SVP of Investor Relations & Corporate Development at AltaGas, as he shares a behind the scenes look at the making of the Tidewater deal and the value building way AltaGas approaches acquisitions.

Featuring Guest Speaker: Jon Morrison
Senior Vice President, Investor Relations & Corporate Development at AltaGas

About the Speaker:

Jon Morrison is Senior Vice President, Corporate Development and Investor Relations at AltaGas and is responsible for leading the firm’s corporate development and capital markets functions as the company builds a diversified, low-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders. This includes M&A, deal execution, strategic planning and execution, shareholder engagement, financial forecasting and long-term planning in the pursuit of sustainable growth that compounds value over time.

Jon has extensive energy and finance experience, including having spent nearly 15 years working in the capital markets industry, including more than a decade with CIBC Capital Markets where he was responsible for leading the firm’s institutional equity research coverage on the Canadian Large-cap E&P, Integrateds, Oilfield Services and Macro Oil sectors. He also provided guidance on the energy sector across CIBC’s Equities, Fixed Income, Economics, Commodities, Macro Strategy and Government Relations functions.

As an Energy Analyst, Mr. Morrison was top ranked in his field according to Brendan Wood International, Greenwich Associates and Thompson Reuters. Jon was born and raised in Alberta but has worked globally, including servicing clients across North America, Europe and the Asia Pacific region. Jon was previously based in London, U.K., where he was responsible for growing CIBC's Capital Markets platform within the U.K. and Europe.

REGISTER NOW

This event is open to members and their guests only.

February 1, 2024

PADA Winter Social - February 1
Winter Social
4:30 pm - 7:00 pm
The Rooftop, 414 - 3 Street SW, Calgary

Come visit us at The Rooftop patio on February 1st!

January 9, 2024

PADA Breakfast Meeting - January 9, 2024
7:15 am - 9:30 am
Calgary Petroleum Club - Devonian Room, 319 - 5 Avenue SW

 Tuesday, January 9, 2024

|7:15 am - Breakfast Buffet |7:30 am - Presentation|

The Calgary Petroleum Club, Devonian Room
319 - 5 Avenue SW

REGISTER TODAY

 2023 Lookback and Forecast Breakfast 2024:

Deal flow, market trends and sector opportunities.

Featuring Guest Speaker: Michael Povaschuk

About the Speaker:

Join us for breakfast for a discussion with Michael Povaschuk, Managing Director and Head, RBC Rundle at RBC Capital Markets. With 2023 in the books and 2024 ahead of us we will look at trends and key takeaways from the last 12 months and then look ahead to what could be for 2024. Commodities look to remain volatile but balance sheets are strong and investors have been supportive of on strategy acquisitions setting an interesting backdrop for transaction activity go forward.

 ------------------------------------------------------------------------------------------------------------------------------------------

If you haven't renewed your membership, please contact the office - info@padasociety.com to attend this Breakfast event.

Regards,
The PADA Team
https://padasociety.com

December 12, 2023

PADA Breakfast Meeting - December 12, 2023
7:15 am - 9:30 am
Calgary Petroleum Club - Devonian Room

Tuesday, December 12, 2023

7:15 am - Breakfast Served |7:30 am - Presentation

The Calgary Petroleum Club
319 - 5 Avenue SW

REGISTER TODAY

Private to Public: Navigating the Global Market – Waterous Energy Fund

Featuring Guest Speaker: Adam Waterous

Please join us for an interactive fireside chat with Adam Waterous, Managing Partner & Chief Executive Officer of Waterous Energy Fund and Executive Chairman of Strathcona Resources Ltd.

About the Speaker:

Prior to founding Waterous Energy Fund in January, 2017, Adam served as Global Head of Investment Banking and Head of Energy and Power, North America at Scotiabank, where he was responsible for all of Scotiabank's global Equity and Advisory activities and Scotia Waterous.

Under Adam’s leadership from 2005 to 2016, Scotia Waterous was among the most active advisors in the oil and gas acquisition and divestiture market with transactions roughly evenly split between Canada, the United States and other countries.

Adam co-founded Waterous & Co., a predecessor firm to Scotia Waterous, in September 1991 where he was a member of the firm's Executive Committee and the head of the firm. Scotia Capital acquired Waterous & Co. in 2005.

Before co-founding Waterous & Co., Adam worked in the Mergers and Acquisitions department with First Boston Corporation in New York and in management consulting with McKinsey & Company in Toronto.

Adam has been active in many industry, community, health, arts, and education organizations. From 2013 to 2019, Adam served on the Harvard College Fund Executive Committee. In 2013, Adam was awarded the Queen Elizabeth II Diamond Jubilee Medal for his contributions to the community and, along with his wife Jan, the Queen Elizabeth II Platinum Jubilee Medal in 2022 for their work in advancing sustainable transportation solutions in their hometown of Banff. In 2017, Adam received the Lifetime Achievement Award from the Oil and Gas Council. Adam received the 2019 Lefaivre Award, presented to an individual each year by the United Way of Calgary for exceptional volunteer service and community involvement. 

From 2018-2020 Adam was Chair of Calgary Economic Development’s Economic Strategy CEO Roundtable. From 2020-2021 Adam was a founding board member of Invest Alberta Corporation, the Government of Alberta agency that promotes the province and provides services to attract businesses in key growth sectors and high impact investment opportunities.

Adam holds an Honours Business Administration degree from the University of Western Ontario and a MBA from Harvard Business School. Being in the top five percent of his class at Harvard, he was designated a Baker Scholar.

November 14, 2023

PADA AGM and Breakfast Meeting - November 14, 2023
7:15 am - 8:30 am
Calgary Petroleum Club - Devonian Room

Tuesday, November 14, 2023

|7:15 am - Breakfast Served |7:30 am - Presentation|

Calgary Petroleum Club

REGISTER TODAY

The Black Box: Alberta's Overhauled Liability Management System

Featuring Guest Speakers: 

Carolyn Wright & Mike Henry from Burnet, Duckworth and Palmer LLP

Liability management is an increasingly important driver in the design and transactability of O&G acquisitions and divestments. The liability landscape has once again shifted following the release of the Alberta Energy Regulator’s (AER) Directive 088: Licensee Life-Cycle Management.   Directive 088 has introduced a new regulatory regime for liability management in the Alberta oil and gas industry, centered around the holistic "Licensee Capability Assessment".  This new regime represents a stricter approach to liability management, and has introduced a great deal of uncertainty in the license transfer process.   Please join us for an interactive discussion, hosted by Burnet, Duckworth & Palmer LLP, to review what has changed and their perspectives on how to navigate these new challenges in our transaction strategies. 

In addition, XI Technologies will augment this presentation with insights and visuals to give a real world view into assessing a company or property from a liability perspective.  XI will break down the guides in Manual 23 and introduce some workflows to reduce uncertainty and provide some clarity when making A&D decisions.

 About the Speakers:

Carolyn Wright

Carolyn Wright is a partner at Burnet, Duckworth & Palmer LLP in Calgary, Alberta where she has been practicing in the energy space for 20 years.  Carolyn's practice includes all aspects of the oil and gas value chain, including upstream, midstream, downstream transaction, power projects, royalty and infrastructure transactions, energy project development and joint ventures. Carolyn also has experience working with indigenous groups both on behalf of indigenous groups and project proponents.   Carolyn is a member of the executive committee at Burnet, Duckworth & Palmer and is a practice group leader for the Energy practice. She holds a Bachelor of Arts (Honours) in Political Studies from Queen's University, a Master of Arts in Political Science from York University and an LLB from the University of Calgary.  

Mike Henry

Mike Henry is an associate in the Energy Group at Burnet, Duckworth & Palmer LLP. His practice focuses on acquisitions, mergers and divestitures, commercial agreements in the natural resources, power and renewable energy industries, and work with start-up and early-stage companies. Mike holds a Juris Doctor from the University of Calgary, and an Honors Business Administration degree from the Richard Ivey School of Business at Western University.

Jennifer Baerg

Jennifer Baerg is member of the ownership group and executive team for XI Technologies. A former Landman, Jen brings her industry experience to the leadership team as VP Business Development where she champions XI’s leading-edge products in the areas of A&D, Liability Management and Drilling Research.Jen has been attending PADA events almost since inception and is currently serving on its Board of Directors. She also contributes to many other industry organizations such as Canadian Association of Land and Energy Professionals (CALEP), Canadian Energy Executives Association (CEEA), and serves on several committees and task groups to further the oil and gas industry in Canada.

Amber Anderson

Amber is a seasoned leader with an impressive portfolio of experience with both the technical and client services teams at XI Technologies. With a background in both Investor Relations and databases, Amber’s broad knowledge base and technical savvy allows her to bridge the gap between business and product development. As VP Operations for XI, Amber focuses on supporting client workflows by guiding product enhancements, ensuring exceptional training and support, and working toward continuous improvement in pursuit of software efficiencies for all clients. Whether it’s with E&P companies, banks, brokers, or anyone evaluating assets in the WCSB, Amber is behind the industry’s leading resource, AssetSuite, and its extensions for ARO, LLR, and Emissions.