Vic Rodberg, a 12-year veteran in the research and banking parts of the industry, spent the past year in a consultant role, advising public and private company clients on mergers and acquisitions.Hasan Jamali/The Canadian Press
Haywood Securities Inc. has hired a new head of energy banking, just as signs point to improvements in the oil industry's fortunes.
Haywood has named Vic Rodberg managing director and head of energy investment banking in the dealer's Calgary office, filling a post that has been vacant since early this year.
Mr. Rodberg, a 12-year veteran in the research and banking parts of the industry, spent the past year in a consultant role, advising public and private company clients on mergers and acquisitions. Before that, he spent five years in investment banking at Cormark Securities Inc.
The move comes as the oil patch studies the impact of a new production-quota deal among members of the Organization of Petroleum Exporting Countries that has pushed U.S. oil prices above $51 (U.S.) a barrel as well as federal approvals of two multibillion-dollar crude pipelines.
It is not yet known just how the two developments will improve the industry's ability to raise capital or buy and sell assets, especially among the small and mid-size companies that Haywood and other boutique dealers serve. The downturn had dramatically chopped the deal flow.
Jeffrey Jones