Calgary-based Petroamerica is acquiring Suroco Energy in an all-stock deal.Chris Bolin/The Globe and Mail
Salman Partners Inc., the Vancouver-based investment dealer, is closing its Calgary office following several staff departures and weak oil-patch-related sales and trading activity, according to a source familiar with the situation.
The decision coincides with the retirement of veteran energy analyst Gord Currie, who was the operation's last Calgary-based employee, the source said.
Questions about Salman's commitment to Calgary arose in March when senior staff, including investment banker Steve Calderwood, resigned after more than a year of slow energy-related business, especially for independent dealers.
At the time, founder and chief executive Terry Salman said it was business as usual and that the firm was still committed to the Alberta city. However, he was studying how broadly to cover the oil and gas sector in a crowded field of players.
Neither Mr. Salman nor Mr. Currie was immediately available for comment.
Jeffrey Jones