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Navigating an evolving industry: explore critical issues facing the oil and gas sector in this industry-specific conference.
This conference is Canada’s pre-eminent event for CPAs and financial professionals who work in the energy sector, bringing together leading oil and gas experts and energy accountants to explore the latest industry developments.
With the theme of "Navigating an evolving industry," this year’s conference has a strong focus on looking at how the new normal has impacted the energy industry’s processes and people. Gain a better understanding of the most critical issues, challenges and opportunities facing the sector, and what other organizations are doing to address them.
In addition to thoughtful keynote speakers, robust technical sessions and panels on industry hot topics, you’ll also have the chance to network with colleagues and peers and connect with leaders to discuss what the future holds for oil and gas.
Read CPA Canada’s interview with keynote speaker, Robert Johnston, on geopolitics and the future of Canada’s energy sector.
Additional options and pricing may be available. See pricing and registration for more details.
Keynote address: Canada's energy challenge: Reconfiguring for new geopolitical context
Speaker: Robert Johnston, Chief Executive Officer, Eurasia GroupAs CEO of the Eurasia Group, Robert Johnston brings a strong experience and analytical expertise in energy geopolitics, including the North American unconventional energy revolution, resource nationalism, energy infrastructure, and industry-civil society relations. Join him as he discusses issues relating to the energy markets, industry outlook, climate, cleantech and geopolitics. Some key burning questions he will address include: • What is the impact of the current “geopolitical recession” on energy markets?• How sustainable is the “lower for longer” oil price outlook given slow supply growth and lack of investment in upstream development?• What is the Saudi strategy going forward, resiliency of US shale and outlook for LNG?• What is the outlook for new oil and gas trade flows from the Western Hemisphere to Asian markets? Who are Canada’s main competitors in this current geopolitical context? • What is Trump’s impact, especially on the future of UN climate programs and rethinking the outlook for coal.• Are there potential demand shocks due to disruptive clean technology in the transport sector? Who are the winners and losers in a “slowing” oil demand environment?
Canadian Accounting Standards update: Year-end reporting issues for the Oil and Gas Industry
Speaker: Linda Mezon, Chair, Canadian Accounting Standards BoardThe Chair of the Accounting Standards Board will provide an overview of the current priorities and activities of the Canadian Accounting Standards Board.
Linda Mezon, FCPA, FCA, CPA (MI)
Speakers: Brian Banderk, Associate Chief Accountant, Alberta Securities Commission; Lars DePauw, Executive Director, Orphan Wells AssociationThis session will provide regulatory updates from two different perspectives. First, Brian Banderk will provide an update on the impact that rapid changes in technology, the economic and socioeconomic environment are having on securities regulation. This will include an update on the strategy the Alberta Securities Commission is employing to proactively react to these complex challenges. Next, Lars De Pauw, will discuss the work of the Orphan Well Association (OWA), tasked with abandoning and reclaiming orphan wells. The recent downturn in the oil and gas industry and the Redwater decision has resulted in a significant increase the number of properties in Alberta being designated as an orphan. To address this growing problem the Alberta Government is loaning the OWA $235 million dollars and budgeting to increase the annual orphan levy to industry from $30 million in 2017 to $60 million in 2019. Lars will talk about how the OWA is structured and how the money provided by the Alberta oil and gas industry is being spent.
Brian Banderk, CPA, CA
Lars De Pauw
Predictive analytics for oil and gas
Speaker: Yogi Schulz, Partner, Corvelle ConsultingPredictive analytics can produce significant tangible value for oil and gas producers. Regardless of the role you hold in your organization, understanding the application of predictive analytics and the impact on your business can help you make or advise on better overall decisions to improve operations, productivity and profitability.Yogi Schulz will explore how predictive analytics adds tangible value for oil and gas producers through the following specific examples along the well life cycle:1. Reducing exploration risk2. Creating development scenarios3. Controlling drilling & completion costs4. Improving production operations5. Evaluating acquisition & divestiture opportunities
Managing Cyber Security Risk in a Complex World
Speakers: John Hewie, National Security Officer, Microsoft Canada; Jeff WG Thomas, Partner, KPMG The risk of a cyber security event causing negative impact to an organization continues to increase. This session will introduce practicable approaches to understanding and assessing cyber security risk, establishing a Cyber Defensible position and managing assurance over third party providers within a shared responsibility framework.
Moderator: Kevin Hamm, Manager Accounting Policy & Special Projects, Canadian Natural Resources LimitedPanelists to date: Brian Banderk, Associate Chief Accountant, Alberta Securities Commission; Michael Dunn, Director, Institutional Research, GMP FirstEnergyCompanies in the oil and gas industry report many Key Performance Indicators (KPIs) such as funds flow and netbacks in their continuous disclosure documents in order to demonstrate their effectiveness in achieving performance objectives. Many KPIs are non-GAAP measures, and as such provide companies some flexibility when reporting to present the results “as viewed through the eyes of management”. While this flexibility is beneficial for companies to tell their stories, it can create inconsistencies that make comparisons between companies more difficult. Join us as our Investor panelist will discuss how he uses KPIs in his analysis, the inconsistencies he has seen in reporting, and how this impacts his analysis. Our ASC panelist will discuss what is being done to address these inconsistencies, including the Financial Reporting Bulletin issued in December 2016 and the impact that has been seen on reporting since the issuance of that report.
Kevin Hamm, CPA, CA
Brian Banderk, CPA, CA
Managing a multigenerational workforce
Speaker: Koula Vasilopoulos, District President-Western Canada, Robert Half Management GroupFor the first time ever, four distinct generations – Baby Boomers, Generation X, Generation Y and Generation Z – are working side-by-side. As younger generations move into the corner office, companies need to consider the unique workstyles and preferences of each group. This presentation explores generational behaviours and gaps in the workplace, myths vs. reality, and provides timely advice to help you manage and retain talented employee teams of all generations, both now and in the future.
Your brain on change
Speaker: Heather Maitland, Organizational Change Management Consultant, Enbridge PipelinesMany books and resources on leadership work off a normative assumption that human beings are rational and reasonable. They share well-formed leadership and change models and offer steps outlining how these models can be implemented. But anyone who has led a change initiative knows that people can be anything but rational and reasonable in the face of change – in fact, people can be downright unpredictable and resistant. What happens to us when we are experiencing change – neurologically? Join Heather Maitland to discuss what occurs when we experience change and what leaders can do to help people through times of uncertainty.
7:30 - 8:15 The money of IT: Finding value in your IT spend
Optional Breakfast Session, sponsored by Graycon ITSpeaker: Chris Black, VP Sales & Marketing, Graycon ITSpending money on information technology (IT) is more than just buying new hardware – it’s about finding the right ways to match your technology to your business goals. Join Graycon as they show you how to measure real IT ROI, create predictable costs and get you back to your business. Find out the seven worst IT money wasters, the way your business can avoid them and how to get real value for the money your invest in IT.
Three Years After the Crash: What Have We Learned?
Speaker: Barry Munro, President, Ernst & Young Orenda Corporate Finance Inc. Oil prices started to plummet in the fall of 2014 – three years ago. The industry has learned some tough lessons that will be critical to apply to prosper in the future. In this session, Mr.Munro will outline those key learnings and describe some essential skills necessary for this sector in the new era.
Enhancing corporate disclosure
Moderator: Nabeel Pabani, Partner, Ernst & Young LLPPanelists to date: Sonia Kirby, Director, Investor relations Stantec and Board member, CIRI Alberta; Jim Wilson, Executive Financial Advisor, Walwil Resources; Jamie Gagner, Partner, Norton Rose Fulbright Canada LLPVarious stakeholders, including standard setters and regulators, are recognizing disclosure overload corporate reporting problem. These stakeholders are making calls for, and drafting standards to foster, increased disclosure effectiveness. However, enhancing disclosure effectiveness and reducing disclosure overload are much more than simply striking out redundant language or descriptions of immaterial items or practices. Increasing disclosure effectiveness requires a team effort from various participants in the financial reporting process. This panel, consisting of a preparer, a member of an issuer’s general counsel’s office and an investor relations professional, will explore the problem of disclosure overload and share views on how they might work together to enhance disclosure effectiveness.
Changing competencies for CPAs in light of technological change
Moderator – Timothy Chan, Manager Crude Accounting, Suncor Energy Inc.Panelists to date: Steve Wilson, University of Calgary; Sheldon Wall, Senior Specialist – Data Science Lead, Cenovus Energy Inc.Technology is increasingly influencing the skills we need in our professional lives. Big changes are coming, with the rise of robotics, AI and growing capabilities with big data. This session will provide insight into the effects that the rise of new technology had on other industries and examine current and future effects on the oil and gas industry. We will also address how your skills as a financial professional will need to evolve in response to a changing environment.
Timothy Chan, CPA, CMA
Steve Wilson, FCPA, FCA, ICD.D
How They Did It: How Finance partnering is bringing the vision of the Boeing 787 Dreamliner to reality on WestJet’s Fleet
Speaker: Candice Li, VP Finance & Fleet Management, WestJetIn May 2017, WestJet announced that it had made a firm order for 10 Boeing 787 Dreamliners and 10 option aircraft, to deliver beginning January 2019. At published list prices, the aircraft order is worth in excess of US$2 billion, and represents a major move by the airline to become a truly international air carrier. The deal was done from start to finish in just over 6 months, compared to the 12-18 months that would be more typical in the industry. The speed of decision making would not be possible without the support of the Finance organization, which partnered with the Commercial and Operational sides of the business every step of the way to provide a balanced perspective of the value and risks associated with this opportunity. Learn how WestJet’s Finance organization is set up, from a people, process and culture perspective, to enable critical decision support and quick execution on transformational initiatives.
Candice Li, CPA, CA, CPA (IL)
Optimizing risk management
Speaker: Lois Gardiner, National Practice Leader Aon Global Risk ConsultingAre you comfortable with the way your organization makes decisions on how to manage its risk? This session will start by exploring when to accept, avoid or transfer risk followed by an exploration of ways to undertake due diligence to make informed decisions regarding the “smart spend” of the insurance dollar including options to consider beyond utilizing the insurance market to finance risk. Lois Gardiner from Aon will provide industry-specific insight into what options are available and how these are utilized.
Leases: Implementing IFRS 16
Moderator: Paula Overguard, Accounting Policy Research Analyst, ARC Resources LtdPanelists: Kristen Phillips, Assistant Controller, Teine Energy Ltd; Winnie Cho, Financial Analyst, Gibson Energy Inc; Richard Rose, Corporate Research Accountant, Inter Pipeline Ltd.IFRS 16 is the highest impact standard since the adoption of IFRS. Hear from a panel of industry members that are responsible for implementing IFRS 16- Update on new developments- Practical implementation advice- Capturing and analyzing volumes of contracts- Systems needs
Paula Overguard, CPA, CA
Kristen Phillips, CPA, CA
Winnie Cho, CPA, CA
Richard Rose, CPA, CA
Mergers & acquisitions integration
Speakers: Wade van Rooyen, Senior Manager, Deloitte; Jennifer Stubbs, Pembina Pipelines Ltd; Heather Eddy, Director, HR & Development, Surerus Murphy Joint VentureThe deal is done, now what? A multi-disciple panel of operations, finance and human resources professionals will discuss the challenges of integrating the acquired businesses.
Wade van Rooyen
Speakers: Trevor Thomson, Mitch Labuick and Hetal Kotecha, Partners, and Gianni Pezzente, Senior Manager BDO Canada LLPThere have been several significant international and domestic tax developments that may impact the taxation of oil & gas companies including foreign companies investing in such assets. On the international front, some of key changes include the adoption of the multi-lateral instrument, proposed U.S. tax reform, and modifications to the back-to-back loan rules. On the domestic front, some important issues include the practical challenges in dealing with the new carbon tax regime, Saskatchewan PST changes in relation to oil & gas equipment, and recent private company tax changes. Finally, the presentation will also touch on some recent CRA developments and focus areas that would be applicable to the oil and gas industry.
Hedging Alberta’s future
Speaker: Tim Pickering, Founder, President and CIO, Auspice Capital AdvisorsHistorically, revenues from resources represent about one-third of Alberta’s provincial budget, with crude oil royalties contributing a large portion. In simple terms, the province is in the same place as a leveraged oil company hoping for a rebound in prices. What can be done to mitigate the province’s overdependence on energy? Fortunately, there are steps that can be taken: hedging oil revenues, which would reduce the province’s sensitivity to commodity prices. This presentation will highlight the viability and advantages of installing a hedging program in Alberta and give examples of nation states using similar programs. We will also cover how to receive better value for Canadian oil and ways to encourage financial participation and awareness in Canadian commodities.
Elevation of business through technology
Speaker: Nav Dhunay, Founder and COO, AmbyintAs technology, globalization and demographic trends continue to disrupt organizations, whole industries and indeed the working world as a whole, the role of the finance function will increasingly be brought into question. Where once its remit was predominantly that of a reporting function that focused on balancing the books, it will become a data-driven decision-center. Technology will play an increasingly significant role in executing many traditional finance tasks while at the same time generating greater insight. Business technology is constantly evolving, but which developments should you keep your eye on?
Thank you to our 2017 advisory committee members
Matt Bootle, Partner, National Accounting & Assurance, Ernst & Young, LLPTimothy Chan, Manager, Crude Accounting, Suncor Energy LtdJeff Dashkin, Financial Analyst, Husky EnergyKevin Hamm, Manager, Accounting Standards & Special Projects, Canadian Natural Resources Limited Geneviève Grenier, Director, Professional Programs, CPA CanadaJassie Kang, Senior Manager, Audit, KPMG LLP Alice Seto, Manager, Cash Planning & Investments, Suncor Energy Ltd.
Matt Bootle, FCPA, FCA
Timothy Chan, CPA, CMA
Kevin Hamm, CPA, CA
Alice Seto, CPA, CA
Calgary TELUS Convention Centre
120 9th Avenue SE, Calgary, AB T2G 0P3
Located in downtown Calgary, the Calgary TELUS Convention Centre (CTCC) facilities are conveniently connected through indoor pedestrian bridges (part of Calgary’s Plus 15 network) to three four-star hotel partners: the Hyatt Regency Calgary, the Fairmont Palliser Calgary and the Calgary Marriott Downtown Hotel. The CTCC is owned by the City of Calgary and operated by the Calgary Convention Centre Authority.
October 4, 2017
The current geopolitical shift is changing how Canada does business. Get insights on the future of global policy and risk management from Robert Johnston, keynote speaker at the 2017 Conference for the Oil and Gas Industry.
Member Development and Support
Diya Gill, manager, Professional Learning and Development
Alexandra Garant, contact for Sponsor & Exhibitor Opportunities
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