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Downtown Calgary, Alberta, Canada, on Monday, June 20, 2022. Calgary, surrounded by fields of oil, natural gas, wheat and barley that make Canada a global exporting powerhouse, is at the epicenter of a post-Covid economic expansion. Photographer: Gavin Bryan John/Bloomberg , Bloomberg (Bloomberg) — Staff members who exited a prominent Calgary-based oil firm at the center of multiple lawsuits have formed a new brokerage for trading Canadian and US crude. Modern Commodities Inc. began operation last week in Calgary and carried out its first trade on Wednesday, according to people familiar with the business. Mandy Burgess, a former executive at Calgary-based brokerage NE2 Group, is the chief executive officer, according to her LinkedIn profile. Marc Bennett, NE2’s former head of North American energy, has also joined the firm as chief operating officer, his LinkedIn profile shows. Modern Commodities, which registered in Calgary in May, has created a trading platform and seeks to hire 10 to 12 employees by the end of the year, people familiar said. Burgess and Bennett, who left NE2 in February after a falling out with the company, are at the center of a major dispute with their former employer, one that escalated when two thirds […]
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