IECA Canadian Winter Seminar

The Big Chill – Recent Energy Receiverships and Their Impact on Asset Retirement Obligations and Access to Capital
IECA Canadian Winter Seminar
Add to Calendar 2020-02-27 15:00:00 2020-02-27 20:00:00 IECA Canadian Winter Seminar Description The Oddfellows Building, 4th Floor Ballroom International Energy Credit Association America/New_York public
Start Date/Time
End Date/Time
The Oddfellows Building, 4th Floor Ballroom

100 6th Ave S.W.
Calgary AB T2P 0M5


Get your tickets early for the upcoming IECA Winter Seminar, as it is sure to be popular! The International Energy Credit Association invites you to join us in the ballroom of the iconic Oddfellows Building in Calgary, for two highly relevant presentations that will provide you with insight into the issues around asset retirement obligations and the changing regulatory, environmental and business landscape in Alberta.  These educational sessions will be followed by a catered reception where you will have the opportunity to network with fellow energy professionals over wine and delicious hors d’oeuvres.

The first session, Consequences of the Redwater Ruling and its Impact on Business Decisions, will be a panel discussion of local subject matter experts, including Ryan Zahara, Partner at MLT Aikins; Kevin Kynoch, Managing Director with ATB Financial; Randy Green, Senior Vice President from Sproule; Orest Konowalchuk. Managing Director with Alvarez & Marsal Canada; and Chris Moody, Senior Land Negotiator with Cenovus Energy Inc.  This topic delves into the impact to the industry as the decision calls into questions how creditors will recoup their losses when exploration and production companies become insolvent and how investors will respond to the increased risk of playing in the Canadian resource sector.  The diverse perspectives and insights of our panelists will provide concrete ideas of what the industry can do about asset retirement obligations and the opportunity in front of us to influence public policy and the regulatory framework.     

For the second session, the IECA is pleased to present Cameron Hughes, Energy Group Lead and Trevor Batty, Partner in the Bankruptcy & Insolvency Group at Field Law to lead a discussion entitled The Sequoia Litigation, Part II: Decisions, Reasons and Speculation. The presentation will briefly review the Statement of Claim filed by PricewaterhouseCoopers, Inc. LIT, in its capacity as trustee in bankruptcy of Sequoia Resources Corp., against Perpetual Energy Inc., Perpetual Operating Trust, Perpetual Operating Corp. and Susan Riddell Rose. The presentation will then review the Court’s decision and the court’s reasons for its decision, along with speculation as to possible future action that may be pursued by the litigants. The presentation will focus on regulatory and judicial considerations that shape the often competing interests of creditors involved in bankruptcy and insolvency proceedings and the Alberta Energy Regulator’s orphan-well regime.

The IECA is the leading global membership organization for credit and legal professionals in the energy industry. The IECA is a not-for-profit association, with over 1,200 individual members who are involved in energy credit management.

3:00 - 4:15 p.m.  Consequences of the Redwater Ruling and its Impact on Business Decisions
4:15 – 4:30 p.m. Coffee Break
4:30 – 5:30 p.m. The Sequoia Litigation, Part II: Decisions, Reasons and Speculation
5:30 – 8:00 p.m. Cocktail Reception  


Member: C$85.00
Non-Member: C$110.00
Includes hors-d’oeuvres and 2 drinks to be followed by a cash bar.
Any cancellation will be subject to a C$15.00 cancellation fee.

Registration Deadline: Monday, February 24, 2020 at 11:59 PM ET