BNET Industries
Market Cap:$1.6B
Last Fiscal Year Sales:$4.1B
- Public
- CA
Dow Jones Description
Oil & Natural Gas Royalty Trust
CEO
John ZacharyNumber of Employees 323
Contact Information
2100 330 5th Avenue Southwest
Calgary, Alberta T2P 0L4
(403) 265-1178
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Harvest Energy HTE Downgrade Alert, Watch for 46.6% Technical Uptrend Reversal
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Harvest Energy Slips To Loss In Q3 - Quick Facts
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Harvest Energy Reports Third Quarter 2009 Financial and Operating Results
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Canadian Oil Sands: An Investment in Secure, Long-Life Oil
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KNOC to Make $3.95B Bid for Canadian Oil Firm
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UBS & Citi Upgrade Harvest Energy Trust HTE to Buy
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SKorean state oil company buying Canada's Harvest Energy in $3.95 billion deal
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UPDATE 2-Conoco mulls sale of Syncrude stake, not Lukoil
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Deans Knight Income Corporation Announces Third Quarter 2009 Operating Update- Unaudited
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Vitol and Harvest Energy Announce Improved Terms for Crude Oil Supply and Refined Product Offtake...
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Harvest acquires Pegasus Oil & Gas Inc.
News & Analysis
Filter by
harvest energy trust and viking energy royalty trust - All News and Analysis
Harvest Energy Trust and Viking Energy Royalty Trust Announce Successful Completion of Plan of Arrangement.
CALGARY, ALBERTA, Feb 3, 2006 CCNMatthews via COMTEX -- Harvest Energy Trust ("Harvest" or the "Trust") (TSX:HTE.UN) (NYSE:HTE) and Viking Energy Royalty Trust ("Viking") (TSX:VKR.UN) are pleased to announce the successful completion of our joint Plan of Arrangement (the "Arrangement") which was approved by 98%...
Harvest Energy Trust and Viking Energy Royalty Trust Announce Mailing of Joint Information Circular
CALGARY, Alberta -- Harvest Energy Trust (TSX:HTE.UN) (NYSE:HTE) ("Harvest") is pleased to announce that the joint information circular ("Information Circular") and proxy statement with respect to its previously announced plan to merge with Viking Energy Royalty Trust (TSX:VKR.UN) ("Viking") has been mailed. The Information Circular...
Harvest Energy Trust and Viking Energy Royalty Trust Announce Mailing of Joint Information Circular.
CALGARY, ALBERTA, Jan 9, 2006 CCNMatthews via COMTEX -- Harvest Energy Trust (TSX:HTE.UN) (NYSE:HTE) ("Harvest") is pleased to announce that the joint information circular ("Information Circular") and proxy statement with respect to its previously announced plan to merge with Viking Energy Royalty Trust (TSX:VKR.UN) ("Viking")...
Viking Energy Royalty Trust and Harvest Energy Trust Agree to Merge
CALGARY, Alberta -- The merger will bring together two value-focused organizations with superior technical and operating expertise. Sustainability will be the focus and will be achieved through a balanced production base with a multi-year inventory of development opportunities, enhanced by a strong balance sheet and significant...
Viking Energy Royalty Trust and Harvest Energy Trust Agree to Merge.
CALGARY, ALBERTA, Nov 28, 2005 CCNMatthews via COMTEX -- The merger will bring together two value-focused organizations with superior technical and operating expertise. Sustainability will be the focus and will be achieved through a balanced production base with a multi-year inventory of development ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Zachary | CEO |
| John Zahary | President & CEO |
| Bob Morgan | COO & Vice President, Engineering |
| Robert Fotheringham | CFO & Vice President, Finance |
| Al Ralston | Vice President, Operations |
| J.A. Ralston | Vice President |
| James A. Campbell | Vice President |
| Cindy Gray | Manager, Investor Relations |
| Lance W.S. Hogarth | Manager |
| David J. Rain | Secretary |
| Steven Saunders | Treasurer |
| Verne G Johnson | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| M. Bruce Chernoff | Chairman |
| Bruce Chernoff | Board of Directors |
| Dale Blue | Board of Directors |
| David J. Boone | Board of Directors |
| Hank B. Swartout | Board of Directors |
| Hector J. McFadyen | Board of Directors |
| John A. Brussa | Board of Directors |
| Kevin A. Bennett | Board of Directors |
| William Friley | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | CEO | Current |
John Zahary, a Professional Engineer with extensive senior management experience in the oil and natural gas industry, is Harvest's President & Chief Executive Officer. Prior to the merger of Harvest and Viking Energy Royalty Trust in February 2006, Mr. Zahary had been President & CEO of Viking since April 2004. Prior thereto, he was President of Petrovera Resources, a 46,000 boe/d oil and natural gas producer with assets in Saskatchewan and Alberta. Previously, Mr. Zahary held senior positions at PanCanadian Petroleum Limited, Canadian Oil Sands Trust, Gulf Canada Resources Ltd., Imperial Oil Limited and Texaco Canada Resources. Mr. Zahary is the Chairman of the Petroleum Technology Research Centre, Governor of the Canadian Association of Petroleum Producers, Past President of the Alberta Chamber of Resources, and Chairman of the Alberta Rhodes Scholarship Selection Committee. Mr. Zahary holds a B.Sc. in Mechanical Engineering from the University of Calgary and a M.Phil. in Management from the University of Oxford.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | COO & Vice President, Engineering | Current |
| Harvest Energy Trust | Vice President, Engineering | Current |
Robert (Bob) Fotheringham is Harvest's Chief Financial Officer and brings to the organization more than 20 years of progressive experience in the energy industry and public accounting. Mr. Fotheringham was previously the Vice President Finance and Chief Financial Officer for Viking Energy Royalty Trust until its merger with Harvest in early 2006. Prior thereto, he was Chief Financial Officer of Inter Pipeline Fund, and had previously held senior executive positions with True North Energy Corporation, Canadian Oil Sands Investments Inc., Superior Propane Inc. and Norcen Energy Resources Limited. Mr. Fotheringham is a Chartered Accountant and holds an Honours Degree in Business Administration from the University of Western Ontario.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | CFO & Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Manager, Investor Relations | Current |
Mr. Hogarth is currently the Manager of Business Development at Harvest Energy Trust. Mr. Hogarth has a proven track record and extensive skills in the areas of reservoir engineering, reserves management, production development, economic evaluations, financial risk management and software development. He has held various positions involving software development with Merak Canada and a large oil and gas producer in positions of increasing responsibility including Vice President, Risk Management and Vice President, Producer Services. Mr. Hogarth has a Bachelor of Science in Civil Engineering from the University of Alberta (1977) and is a registered Professional Engineer in the Province of Alberta.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Manager | Current |
| Cheyenne Energy, Inc. | Board of Directors | Current |
| University of Alberta | Bachelor of Science In Civil Engineering | Former |
Mr. Rain is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Saskatchewan. Mr. Rain articled at KPMG LLP Chartered Accountants and was a Manager in their audit group until he departed in 1992. Mr. Rain served in senior financial positions at Nowsco Well Service Ltd., an oilfield service company with worldwide operations, from 1992 through August 1996. Mr. Rain was the Chief Financial Officer of Trican Well Service Ltd, an oilfield service company with operations in Alberta and Saskatchewan, from October 1996 through April 1997. Mr. Rain joined Pacalta Resources Ltd. in May 1997 as Treasurer and Corporate Controller. Pacalta was an oil and natural gas exploration and production company with operations primarily in Ecuador. When AEC acquired Pacalta in 1999, Mr. Rain joined Mr. Chernoff at Caribou as Director and CFO, and became Director, Corporate Finance at Petrobank in March 2000. Mr. Rain assumed the position of Vice President, Finance and Chief Financial Officer of Petrobank in October 2001 and resigned in March 2004. Mr. Rain was Vice President and CFO of Harvest Energy Trust from July 2004 through February 2006 and has been Corporate Secretary of Harvest since July 2002 when it was founded
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Secretary | Current |
Mr. Saunders is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Calgary. Mr. Saunders articled at the Calgary office of PricewaterhouseCoopers LLP Chartered Accountants and was a Manager in their taxation group until he departed in 2000. Mr. Saunders served as a Senior Tax Planner for PanCanadian Petroleum Limited from April 2000 to March 2002. He continued with the organization following the April 2002 merger of AEC and PanCanadian Energy Inc. (to form EnCana Corporation) as an International Tax Analyst until October 2004. Mr. Saunders has been Harvest's Director of Taxation since November 2004.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Treasurer | Current |
| Harvest Energy Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Chairman | Current |
Mr. Chernoff is a Professional Engineer with a Bachelor of Applied Science degree in Chemical Engineering from Queen's University. In 1988, Mr. Chernoff co-founded Pacalta Resources Ltd., a public junior oil and natural gas company with operations in Canada and Latin America, where he held various senior positions including Executive Vice President and Chief Financial Officer. Mr. Chernoff was director of Pacalta from 1992 until it was purchased by Alberta Energy Company in May 1999 for $1 billion. Mr. Chernoff is currently President of Caribou Capital Corp. and is also a director of several other public companies. In 2002, Mr. Chernoff co-founded Harvest Energy Trust to pursue oil and natural gas development and acquisition opportunities. He holds the position of Chairman of the Board.
| Organization | Position | Status |
|---|---|---|
| Maxim Power Corp. | Chairman | Current |
| West Energy | Director | Current |
| Arcan Resources Ltd. | Director | Current |
| Harvest Energy Trust | Board of Directors | Current |
| Harvest Energy Trust | Co-Founder | Former |
| Harvest Energy Trust | Chairman | Former |
| Queen's University | Bachelor of Applied Science Degree In Chemical Engineering | Former |
Mr. Blue is an independent consultant who until 2001 served as Chairman, President & Chief Executive Officer of Chase Manhattan Bank of Canada, and Managing Director of Chase Manhattan Bank in New York. Mr. Blue has over thirty years experience in financial services, and has served on numerous domestic and international Boards. Mr. Blue holds a B.A. in Economics from the University of Winnipeg.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
Mr. Boone has more than 25 years of oil and gas industry experience with some of the most significant producing companies in the Canadian industry. He began his career with Imperial Oil holding various positions and joined PanCanadian Petroleum in 2000 as Executive Vice-President and Chief Operating Officer. He was named Executive Vice President of EnCana Corporation and President of the company's Offshore and International Operations Division. In 2003 he founded a new oil and gas company, Escavar Energy Inc. He is currently the President & CEO of Cadence Energy Inc. A graduate of Queen’s University, Mr. Boone holds a Bachelor of Science degree with Honours in Civil Engineering.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
Mr. McFadyen holds a Bachelor of Arts (Econ.) degree from Sir George Williams University and a Master of Arts (Econ.) degree from the University of Calgary. He was employed at Alberta Energy and Utilities Board (formerly the Oil and Gas Conservation Board) between 1969 and 1976. In 1976, Mr. McFadyen began work for Alberta Energy Company Ltd. ("AEC"), (now EnCana Corporation, a leading independent oil and natural gas producer in North America). For 20 years, he served as a Vice President of the Corporation and President of several business units, retiring in June of 2002. He is a director of Computershare Trust Company of Canada and a director of Hunting PLC
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
Mr. Brussa is a barrister and solicitor and has been a partner at Burnet, Duckworth & Palmer LLP in Calgary since 1987. He is recognized as a leading tax practitioner in Canada and sits on the board of directors of several Canadian public companies.
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Earth Energy Resources, Inc | Director | Current |
| Blue Mountain Energy | Director | Current |
| Harvest Energy Trust | Director | Current |
| Mystique Energy, Inc. | Director | Current |
| Imperial Oil Limited | Former | |
| University of Manitoba | Bachelor of Science Degree In Mechanical Engineering | Former |
Mr. Friley is a native Albertan who has been involved in the oil and gas industry for the past 30 years. Mr. Friley is the former President and CEO of Triumph Energy Corporation which he led until its sale in 2001. He is currently President and CEO of Telluride Oil and Gas Ltd., President of Skyeland Oils Ltd., a Director of Mustang Resources Ltd., and Chairman of TimberRock Resources. Mr. Friley graduated from the University of Colorado with a degree in Geology and has explored for oil and gas throughout western Canada with both public and private companies
| Organization | Position | Status |
|---|---|---|
| Harvest Energy Trust | Board of Directors | Current |
| Volume | 922,359 |
| Shares Outstanding | 181.5M |
| Market Cap | 1.6B |
| Year High | 10.30 |
| Year Low | 3.00 |
| Earnings Per Share | -4.19 |
| P/E Ratio | 0.00 |
| Dividend | 0.5662 |
| Yield | 6.0686 |
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