Rotary Club of Calgary is comprised of professional and community leaders who come together through a shared commitment and fellowship to create a better future for the generations that are to follow.
Birthdays for the Week of October 10
Hayden
Smith
October 8
Bill
Clapham
October 9
Peter
McKeen
October 10
Carmen
Goss
October 10
Bob
Junker
October 14
New Members in 2017-2018
Lori Forand
Lori Caltagirone
Attendance for October 10
69 people attended including 9 visitors and guests
We had the great opportunity to invite David French, CEO of Obsidian Energy, to speak to us today. Obsidian Energy was previously Penn West Energy. As many of you also know, Penn West Energy is a Calgary based success story since 1989. A little background of Obsidian Energy:
It was one of the S&P/TSX 60, the sixty largest companies on the Toronto Stock Exchange. From 2005-2011 it was a Canadian royalty trust (CANROY), and reached a peak market capitalization in January 2008 of approximately US $9.5 billion.
The company experienced operational and financial difficulties when crude oil prices fell significantly in 2014. As a result, the company underwent a significant restructuring with the majority of the assets sold over the next two years to reduce debt.
Each year the presiding officer of the Club shall inform the Club that the period for nominations for the office of President for the year following the next ensuing Rotary year is open and that:
The nominating committee for President will be meeting for the purpose of choosing a nominee to serve as Club President, and any eligible members of the Club who would like to be considered for the nomination may advise any member of the nominating committee for President of their interest.
l inform the Club that the period for nominations for election of Directors for the next ensuing Rotary year is open. There are 3 Directors to be elected, and the nominating committee for Directors (consisting of the last 12 past Directors) will be meeting for the purpose of nominating a slate of candidates for Director, and we request that any eligible members of the Club who would like to be considered for nomination advise any member of the nominating committee for Directors of their interest. If you do not know who is on this committee, direct your request to Tim Heaton.
