The team existed from 1938 until 1972, playing in various senior amateur and minor professional leagues during that time.

In 1946, the Stampeders captured the Allan Cup as Canadian senior hockey champions, the first Alberta based club to do so.

[2] In the Western Canada final, the Stampeders once again easily handled their opponents, this time, the Trail Smoke Eaters.

After tying the first two games, Calgary won the next two by 7–3 and 4–2 scores to reach the Allan Cup final against the Hamilton Tigers.

The Hamilton players considered forgoing the Allan Cup final because the $6 per day they were offered for the trip was not enough to be able to take time off from their jobs.

[4] As occurred frequently with senior hockey, growing concerns were surfacing regarding the status of players, as many teams were using former professionals in violation of the rules laid out by the Allan Cup committee.

[6] The Stampeders quickly found success in the minor-pro ranks, winning the WHL title in 1953–54, defeating the Vancouver Canucks four games to one.