Event Agenda

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This is the agenda for Day 1
Day 1 November 28, 2017
7:30 - 8:30 am Registration and Continental breakfast

This is the agenda for 8:30 - 9:45
8:30 - 9:45
Keynote address: Canada's energy challenge: Reconfiguring for new geopolitical context

Speaker: Robert Johnston, Chief Executive Officer, Eurasia Group

As 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?

Robert Johnston

This is the agenda for 9:50 - 10:35
9:50 - 10:35
Canadian Accounting Standards update: Year-end reporting issues for the Oil and Gas Industry

Speaker: Linda Mezon, Chair, Canadian Accounting Standards Board

The 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), CGMA

Service side perspective

Speakers: Mark Salkeld, President, Petroleum Services Association of Canada

Drilling, equipment service providers are facing a host of issues in the current operating environment,
- Retention of and rectuiting talent
- Delays
- Cost constraints
How is the service industry addressing these challenges in the current operating environment?

Mark Salkeld

This is the agenda for 10:35 - 10:50
10:35 - 10:50
Refreshment break

This is the agenda for 10:55 - 11:45
10:55 - 11:45
Regulatory updates

Speakers: Brian Banderk, Associate Chief Accountant, Alberta Securities Commission; Lars DePauw, Executive Director, Orphan Wells Association
This 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 Consulting
Predictive 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 risk
2. Creating development scenarios
3. Controlling drilling & completion costs
4. Improving production operations
5. Evaluating acquisition & divestiture opportunities

Yogi Schulz

This is the agenda for 11:45 - 1:00
11:45 - 1:00
Networking reception and lunch

This is the agenda for 1:00 - 2:00
1:00 - 2:00
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.

John Hewie ; Jeff Thomas

This is the agenda for 2:05 - 2:50
2:05 - 2:50
Performance management

Moderator: Kevin Hamm, Manager Accounting Policy & Special Projects, Canadian Natural Resources Limited
Panelists to date: Brian Banderk, Associate Chief Accountant, Alberta Securities Commission; Michael Dunn, Director, Institutional Research, GMP FirstEnergy

Companies 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 ; Mike Dunn

Managing a multigenerational workforce

Speaker: Koula Vasilopoulos, District President-Western Canada, Robert Half Management Group

For 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.

Koula Vasilopoulos

This is the agenda for 2:50 - 3:00
2:50 - 3:00
Refreshment break

This is the agenda for 3:00 - 4:00
3:00 - 4:00
Your brain on change

Speaker: Heather Maitland, Organizational Change Management Consultant, Enbridge Pipelines

Many 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.

Heather Maitland

This is the agenda for Day 2
Day 2 November 29, 2017
7:30 - 8:30 Registration and Continental breakfast

7:30 - 8:15 The money of IT: Finding value in your IT spend

Optional Breakfast Session, sponsored by Graycon IT

Speaker: Chris Black, VP Sales & Marketing, Graycon IT
Spending 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.

Chris Black

This is the agenda for 8:30 - 9:30
8:30 - 9:30
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.

Barry Munro

This is the agenda for 9:35 - 10:35
9:35 - 10:35
Enhancing corporate disclosure

Moderator: Nabeel Pabani, Partner, Ernst & Young LLP
Panelists 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 LLP

Various 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.

Nabeel Pabani ; Sonia Kirby ; Jim Wilson ; Jamie Gagner

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 ; Steve Wilson, FCPA, FCA, ICD.D ; Sheldon Wall

This is the agenda for 10:40 - 10:55
10:40 - 10:55
Refreshment break

This is the agenda for 11:00 - 12:00
11:00 - 12:00
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, WestJet

In 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 Consulting

Are 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.

Lois Gardiner

This is the agenda for 12:00 - 1:00
12:00 - 1:00

This is the agenda for 1:00 - 2:00
1:00 - 2:00
Leases: Implementing IFRS 16

Moderator: Paula Overguard, Accounting Policy Research Analyst, ARC Resources Ltd
Panelists: 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 Venture
The 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 ; Heather Eddy

This is the agenda for 2:05 - 2:50
2:05 - 2:50
Tax update

Speakers: Trevor Thomson, Mitch Labuick and Hetal Kotecha, Partners, and Gianni Pezzente, Senior Manager BDO Canada LLP

There 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.

Trevor Thomson ; Mitch LaBuick ; Hetal Kotecha ; Gianni Pezzente

Hedging Alberta’s future

Speaker: Tim Pickering, Founder, President and CIO, Auspice Capital Advisors

Historically, 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.

Tim Pickering

This is the agenda for 2:50 - 3:00
2:50 - 3:00
Refreshment break

This is the agenda for 3:00 - 4:00
3:00 - 4:00
Elevation of business through technology

Speaker: Nav Dhunay, Founder and COO, Ambyint

As 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?

Nav Dhunay

This is the agenda for
2017 Conference Program Advisory Committee
Thank you to our 2017 advisory committee members

Matt Bootle, Partner, National Accounting & Assurance, Ernst & Young, LLP

Timothy Chan, Manager, Crude Accounting, Suncor Energy Ltd

Jeff Dashkin, Financial Analyst, Husky Energy

Kevin Hamm, Manager, Accounting Standards & Special Projects, Canadian Natural Resources Limited

Geneviève Grenier, Director, Professional Programs, CPA Canada

Jassie Kang, Senior Manager, Audit, KPMG LLP

Alice Seto, Manager, Cash Planning & Investments, Suncor Energy Ltd.

Matt Bootle, FCPA, FCA ; Timothy Chan ; Kevin Hamm, CPA, CA ; Alice Seto, CPA, CA