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Deryck Helkaa

Deryck Helkaa

  • Senior Managing Director
  • T: +1 403 232 6100
  • F: +1 403 232 6116
    • Ernst & Young Tower
    • 440 2nd Avenue SW, Suite 720
    • Calgary, AB, T2P 5E9
    • Canada
    • T: +1 403 454 6041
    • F: +1 403 232 6116

Deryck Helkaa is a Senior Managing Director at FTI Consulting and is based in Calgary. Mr. Helkaa has more than 15 years of restructuring experience providing financial advice to debtor companies, shareholders and management in both formal and out-of-court restructurings.

Mr. Helkaa has diverse industry experience with a primary focus on oil and gas, including companies operating in exploration and production, midstream and oilfield services sectors. His clients range from private to public companies, including many cross-border situations. Mr. Helkaa has worked with both the Alberta and Saskatchewan Courts and the respective provinces’ oil and gas governing bodies.

Mr. Helkaa’s engagement experience includes acting as Chief Restructuring Officer of Tuscany International Drilling Inc., a provider of contract drilling and work-over services to the oil and gas industry in Brazil, Colombia and Ecuador; acting as court-appointed Receiver of Argosy Energy Inc., Solara Exploration Ltd. and Trafina Energy Ltd., all publicly traded, oil and gas exploration and development companies with operations in Alberta and Saskatchewan; acting as court-appointed Receiver of Action Energy Inc., a publicly traded oil and gas company focused on the exploration and development of petroleum and natural gas reserves in Alberta; acting as  Financial Advisor to a Canadian drilling company with international operations; and  acting as Monitor in the CCAA proceedings of SemCanada Group and Calpine Canada, both global energy companies with Canadian operations comprising crude oil and gas marketing, operation of gas processing facilities and power generation.

Mr. Helkaa has been involved in numerous formal and informal restructuring transactions, receiverships and consulting engagements in manufacturing, real estate and various other industries.

Prior to joining FTI Consulting, Mr. Helkaa was a partner in the Transaction and Advisory Services group at Ernst & Young.

Mr. Helkaa is a Licensed Trustee in Bankruptcy, a Chartered Insolvency and Restructuring Professional and a Chartered Accountant.  He is a member of the Canadian Association of Insolvency and Restructuring Professionals, Insolvency Institute of Canada and Turnaround Management Association. He was the past President of the Turnaround Management Association’s Northwest Chapter (AB, BC, Washington and Oregon).

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