- Power & Gas
- Commodities Trading & Logistics
PRINCIPAL AREAS OF PRACTICE
- Financial Due Diligence
- Turnaround & Restructuring Management
- Complex Accounting Research & Documentation
- Venture Capital & Private Equity Support
- SEC Reporting
- IFRS/Canadian Exchange Reporting
- Financial Planning & Analysis
- CFO/CAO/Controller Interim Services
Wade is a Managing Director in the Corporate Finance and Complex Financial Reporting practices of Opportune. Wade has 25 years of experience in corporate finance and technical accounting, with representative “hands-on” experience across the entire Energy industry spectrum (upstream, midstream, downstream and wholesale and retail energy trading and marketing). Wade has served in a number of industry roles from Chief Financial Officer, Chief Accounting Officer and Controller and began his career in the Houston office of Arthur Andersen. Through his history, Wade has developed broad experience in financial planning and analysis, complex financial modeling, turnaround and restructuring activities and strategic planning. Wade brings specific expertise in expert-level compliance with the reporting requirements of the Securities and Exchange Commission, including initial public filings on Form S-1 and follow-on equity and debt offerings, and periodic reporting on Forms 10-Q and 10-K.
- Advised debtors and creditors in corporate reorganization efforts, both out-of-court and in the context of Chapter 11 bankruptcy filings. Currently serving as Chief Restructuring Officer of Emerald Oil, Inc.
- Expert-level experience in executing or advising in all aspects of ongoing-compliance requirements of reporting to the Securities and Exchange Commission, including periodic filings on Form 10-Q and 10-K, adoption of new accounting pronouncements, application of existing literature, addressing prior period restatement issues and addressing SEC comment letters across several industry verticals, but specifically within the energy industry.
- Has led all financial statement activity around capital market issuances, working with company management, legal counsel, auditors and underwriters, including reporting on Forms S-1 and S-3 and reverse mergers using “Super 8-K’s” including resolving and documenting technical accounting issues, overall document preparation, audit coordination, SEC comment letter resolution and SOX compliance issues for in excess of $2.5 billion of total capital.
- Senior financial executive retained to assist in the reorganization/liquidation of Enron Corp.’s wholesale trading and retail services divisions upon their entering into Chapter 11 under the United States Bankruptcy Code on December 2, 2001. These divisions consisted of 35 subsidiaries and a net asset value of approximately $6 billion. Having previously served as Chief Accounting Officer for a division consisting of five business units, over 200 commercial and support teams and approximately 7,000 employees.
- Established corporate governance, accounting, finance, human resources, risk management (i.e., corporate liability and directors and officers insurance policies) and other business policies and procedures for pre-IPO enterprises.
- Led accounting and finance organizations through hyper-growth, business re-engineering and retrenchment cycles involving groups in sizes ranging from fewer than 10 to in-excess of 100 team members.