Event Agenda

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This is the agenda for
November 26, 2019 - Day 1 of Conference
7:30 - 8:30
Registration and Breakfast

8:30 - 9:30
Opening Keynote Address: Scouting the Future: Identifying Risks and Opportunities

Speaker: The Honorable Preston Manning, Political Commentator

Looking ahead, Canadian oil and gas companies are facing myriad of risks and opportunities including; rapid technological innovation, a changing global economy, market access and policy uncertainty with the results of the recent federal election. In this thought-provoking talk, Preston Manning who for twenty years was a management consultant to the energy sector before becoming a champion of economic and political reform in the federal political arena, will address the current outlook for the energy sector and propose strategies for addressing the risks and challenges he foresees.

The Hon. Preston Manning

9:35 - 10:35
The Robots Have Arrived - RPA Journeys

Moderator: Nabeel Pabani, Partner, Ernst &Young LLP
Matthew Harmsworth, Partner, Ernst & Young LLP;
Keith Steeves, Chief Financial Officer, NAL Resources Ltd.
Clayton Schneider, Chief Operating Officer, Panther Industries Inc.

At last year’s conference, we discussed how Robotic Process Automation (RPA) was being implemented by some larger companies in the Oil and Gas Industry to realize process efficiencies as well as drive cost savings across the organization. A year later, the use of RPA has increased within the industry, including at mid-size and smaller organizations. This panel discussion will showcase how the use of RPA has increased over the year and discuss how smaller organizations are utilizing RPA.

Nabeel Pabani ; Matthew Harmsworth ; Keith Steeves ; Clayton Schneider

10:35 - 10:50
Networking Break

10:50 - 11:50
Choose one of the following sessions:

Real Data Science for Energy Accounting Teams

Speakers: Chris Foster, Practice Lead, Analytics, Newcomp Analytics

This session will explore practical application of data science to your energy accounting team. We will examine concepts such as; connecting to new modern data sources like weather, sensor and text in a practical way. We will discuss self-service analytics for accounting groups – how to blend and prepare data without IT intervention. We will also discuss the evolution of data warehousing - historically big and messy, now automated and business-owned. Lastly, we will develop an understanding of the power of machine learning and statistics through the power of predictive and prescriptive analytical outcomes. Don’t miss this information packed hour!

Chris Foster

Financial Reporting Update from the Alberta Securities Commission

Janice Anderson, Associate Chief Accountant;
Cheryl McGillivray, Chief Accountant and CFO
Alberta Securities Commission

In this session, the Alberta Securities Commission (ASC) will discuss important financial reporting topics relevant for the capital market, including non-GAAP financial measures, climate change and developments on the Reducing Regulatory Burden Project.

Preparers will benefit from the experience of the securities commission’s reviews of financial statements and other related disclosures in important areas to the oil and gas industry such as non-GAAP financial measures and updates on proposed new rules.

Janice Anderson ; Cheryl McGillivray

11:50 - 12:50

12:50 - 1:50
Choose one of the following sessions:

Jobs and AI Anxiety: The Future of Work, and Adapting to Change in the Digital Age

Speaker: Koula Vasiloupolous, District President, Robert Half

Future accounting and finance functions will be significantly different from the past, but have you considered how your company will (and must) adapt? Staffing needs and necessary skillsets are shifting, and ultimately this new labour model will require multiple sources for professional talent and expertise. Trends and factors such as robotics, automation and the human cloud will inevitably impact management’s ability to create and maintain a competitive, agile workforce; however Robert Half research suggests there’s little to fear about emerging technologies — if you’re prepared. This presentation will cover these questions and examine the labour model companies are adopting, evolving skill sets, and how to hire for, find and develop them. It will also touch on the very real human anxieties — and also the excitement — that come from these changes, and explore the question: What is the Future of Work and how is it changing the way we hire.

Koula Vasilopoulos

Non GAAP measures - Best Practices Today and Looking Forward

Moderator: David Whiteley, Partner, PwC LLP
Scott Bandura, Partner, PwC LLP;
Katherine Gomes, Controller, Arc Resources Ltd.
Bruce Hibbard, Partner, Bennett Jones LLP

A discussion of best practices in disclosing non-GAAP measures under the current CSA guidance and how companies can begin to prepare for the implications of the potential new CSA rules regarding non-GAAP measures.

Scott Bandura ; David Whiteley ; Katherine Gomes ; Bruce Hibbard

1:55 - 2:55
Choose one of the following sessions:

The Rise of Climate Change as an Emerging Risk to Your Business

Speakers: Meghan Harris-Ngae, Partner, Ernst & Young LLP

As climate change becomes an increasing concern the world over, companies in nearly all sectors will face — and in some cases are already exposed to — greater financial risks. Climate change continues to pose risks to both the Canadian economy and financial system. These include physical risks from disruptive weather events and transition risks from adapting to a lower-carbon global economy. This session will explore the risks presented to Canadian companies and considerations for company executives in navigating how to address these risks for all sectors in Canada.

Meghan Harris-Ngae

Examining the Impact of Redwater

Moderator: Melanie Gaston, Partner, Litigation, Osler, Hoskin & Harcourt LLP

Rob Cook, Managing Director, ARC Financial Corporation
Janice Buckingham, Partner, Energy, Osler, Hoskin & Harcourt LLP
Alan Withey, Interim Vice President, Finance and Chief Financial Officer, Freehold Royalties Ltd.

The Supreme Court of Canada decision known as “the Redwater case” affirmed that energy companies must fulfil their environmental obligations before paying back creditors in the case of insolvency or bankruptcy. Companies can’t walk away from old well. Does the judgment restores the balance between environmental obligations and creditor interests? Are there still significant challenges posed by insolvent operators? What does this mean to operators and their partners? A panel of legal and financial experts discusses the “Redwater” decision and its implications.

Melanie Gaston ; Janice Buckingham ; Rob Cook ; Alan Withey

3:00 - 3:30
Networking Reception

3:30 - 4:30
Canada's Energy Outlook - Panel Discussion

Moderator: Howard Green, Award winning journalist and Founding Anchor of Business News Network
Jackie Forrest, Senior Director, ARC Energy Research Institute
Cameron Plewes, President of Peters & Co
Jean-Sebastien Rioux, Associate Professor, School of Public Policy, University of Calgary

The environment for the Canadian Oil and Gas industry for much of 2019 has revolved around market access and policy uncertainty. Although there is increasing attention on alternative energy sources throughout the country, global demand for crude is oil is forecasted to grow through to 2040. How does Canada and Alberta fit into the Global picture? What are some of the key risks and opportunities in policy, investors and our local and national communities? This panel will provide perspectives on the outlook for Canadian Energy with a focus on how Oil and Gas fits into that picture.

Howard Green ; Jackie Forrest ; Cameron Plewes ; Jean-Sébastien Rioux

This is the agenda for
November 27, 2019 - Day 2 of Conference
7:30 - 8:30
Continental Breakfast

8:30 - 9:30
Running a Successful Hackathon at your Business – A Growth Mindset Approach to Leading Differently

Speakers: Tim Chan, Manager, Internal Audit and Tony Bessey, Business Process Excellence lead, Suncor Energy Inc.; Ian MacGregor, President and Chairman, North West Refining

As Oil and Gas companies navigate their digital transformation roadmaps, doing things the way they have always been done will prevent any digitization journey from fully realizing its potential. At the same time, more digital-to-human interactions will emerge, in the areas of Robotic Process Automation, autonomous equipment, augmented reality and machine learning. Yet, humans continue to possess the creativity that is needed to solve complex problems.

Hackathons are idea generating and problem solving events that harness a growth mindset that drives high performance collaboration, where disbelief and job titles are left at the door. This creates a space for creative collisions where amazing ideas and innovations are born.

Tim and Tony will share with you how Hackathons are revolutionizing the Oil and Gas industry, by augmenting purpose driven, highly motivated individuals who come together to solve business challenges for the energy industry.

Timothy Chan ; Tony Bessey ; Ian MacGregor

9:35 - 10:35
Choose one of the following sessions:

Responsibility = Response-ability

Speakers: Ian Munro, Leadership Coach

Challenging times highlight what we are responsible for in life. As change happens we wonder what the impact will be to the life or lives we feel responsible for, including our own. The true challenge is facing what we can control and what we can’t. As we learn to shift from our responsibility to our “response-ability” we find we can start to shift challenges to opportunities. This session will explore what response-ability means and how we can use it to up-level our leadership capabilities.

Topics include:

- Understand how to shift from the burden of responsibility to our empowering ability to respond
- Recognize we carry the capability to be a “victim” or a “player” and how to engage our player
- How to engage a growth mindset through awareness of our mental models

Ian Munro

Oil and Gas Hot Topics – US GAAP

Speaker: Scott Bandura, Partner, PwC LLP

A summary of key developments in US GAAP with an industry focus. The session will focus on standards that will be effective in 2020 and beyond and provide some practical tips/guidance on how these may effect companies in the industry.

Scott Bandura

10:35 - 10:55
Networking Break

10:55 - 11:55
Choose one of the following sessions:

Odds and Sods – What should you know in preparation for yearend?

Speakers: Steve Aubin, Partner, Advisory & Extractive Industries SME, and Jennifer Tang, Senior Manager, Audit & Assurance, Deloitte

This session will cover key accounting issues that standard-setters and regulators have been addressing, including updates that may impact your upcoming yearend. Discussion points include:
• Highlights of key accounting, standard-setting, and reporting developments, including:
• Recent positions issued;
• IFRIC and IDG discussion points;
• Oil and gas hot topics; and
• IFRS 16 reflection and considerations

Steve Aubin ; Jennifer Tang

Security for Operational Technology - a Practical Approach to Cybersecurity for Operating Assets

Speakers: Chris Hunter, Director, OT/ICS Resilience, and Justin Abel, National IT Risk Assurance Services Leader, PwC Canada

As cybersecurity continues to evolve in an ever more 'connected' world, securing the digital assets of Oil & Gas field operations presents its own unique challenges and opportunities.

This session will cover the following topics:

- What is Operational Technology (OT) and why it is different from Information Technology (IT)
- Understand the specific challenges of securing Oil & Gas operating assets
- What can and what shouldn't be leveraged from IT cybersecurity programs
- Why technology is only part of the solution for reducing cybersecurity risk
- Where to start for an OT cybersecurity risk management program

Chris Hunter ; Justin Abel

12:00 - 1:00
Lunch and Networking

1:00 - 2:00
Choose one of the following sessions:

Best Practices in Building Community Relations

Moderator: Brian McGuigan, Manager, Indigenous Affairs, Canadian Association of Petroleum Producers
- Chief Dan George, Chair, First Nations LNG Alliance
- Dale Swampy, President, National Coalition of Chiefs
- Niilo Edwards, Executive Director, First Nations Major Projects

Having a dialogue and building meaningful relationships between the Oil and Gas sector and the Indigenous community can achieve mutually beneficial outcomes and strengthen economic prosperity for communities impacted by the Oil and Gas sector. Hear from leaders from the National Coalition of Chiefs (‘NCC’), the First Nations Major Projects Coalition (‘FNMPC’) and Chief Dan George, the Chair of the First Nations LNG Alliance, who are actively participating in and engaging Canada’s Indigenous communities in dialogue with the energy sector. Our insightful panel will highlight examples of collaboration and discuss current projects and initiatives they are working on to support working together across Canada to work towards mutual success.

Brian McGuigan ; Dan George ; Dale Swampy ; Niilo Edwards

Developments in Mergers & Acquisitions: The Critical Ways Accountants Can Add Value To Deals

Speakers to date: Elmien Wingert , Manager Finance, Midstream, Canlin Energy Corporation; Abraham Nel, Senior Manager - Due Diligence and Aaron Collier, Director, Operations M&A, KPMG

This session will examine the critical role of the accountant in adding value to M&A deals. We will begin with an overview of the typical areas where accountants play a role in deals, including; understanding the operations of a business being sold/acquired, managing the deal process and ensuring key value items in the Purchase Agreement are dealt with. We will then move on to value added activities including; cost savings analysis, multiple critical roles for accountants in “carving out” operations from larger oil and gas companies with an expected increase in these types of deals. Lastly, we will look at the positive impact of data analytics in M&A and the way it is changing the nature of analysis and information obtained and processed on a deal.

Elmien Wingert

2:05 - 2:55
Choose one of the following sessions:

Hot Topics in Tax

Speakers: Lance Bick, Business Advisor, Taxation Services, MNP LLP

Nearly every transaction you complete – domestic or international, business or personal – has direct or indirect tax consequences. Tax regulations are continually changing and can have a significant impact on how you operate and structure your business.
This session will focus on what is new and upcoming in the world of tax, with a focus on implications for Canadian companies, highlighting issues you need to know to manage your tax risk.

Lance Bick

Canadian Crude - market access, hedging and a new global benchmark

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

As it becomes important for the Canadian Crude industry to mature from a wholesale physical trading marketplace to attracting financial liquidity, Tim Pickering, President and CIO of Auspice Capital, will discuss the effect of key issues on global sentiments, hedging, the WCS differential and volatility.

Tim Pickering

2:55 - 3:15p
Networking Break

3:15 - 4:15
Blockchain The Art of Possible in Business and Finance

Speakers: Dan Giurescu, Founder and CIO, TerraHub and Maxim Atanassov, Director of Internal Audit, Husky Energy Inc.

As energy companies consider how blockchain can improve processes from customers to operations and back office, the implementation of this new technology changes the look and feel of the organization and some new roles are being developed.
In this session, Dan will explain how blockchain evolved, who has deployed production systems and where we are still needing to grow in order to take full advantage of this technology. How will the companies that do not deploy blockchain be impacted by their partners who have? You will also hear about the Oil and Gas Consortium from the US and their journey. What is Canada’s appetite for deployment and what are the effects on our businesses and industry if we miss these opportunities?

Dan Giurescu ; Maxim Atanassov

This is the agenda for
2019 Conference Program Advisory Committee
Thank you to the 2019 Advisory Committee Members:

Scott Bandura, Partner, PwC LLP

Don Burwash, Director of Finance, Signalta Resources Ltd

Jeff Dashkin, Specialist, Technical Accounting & Derivatives, Plains Midstream Canada

Susan Green, Controller, Painted Pony Energy Ltd

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

Jeanette Hill, Lead Principal, Members in Industry, Performance Management and Sustainability, CPA Canada

Jassie Kang, Partner, Audit, KPMG LLP

Michael Massoud, Principal, Research Guidance & Support, CPA Canada

Nabeel Pabani, Partner, Assurance and Financial Accounting Advisory Services, Ernst & Young, LLP

Paul Puscasu, Controller, Midstream Division, AltaGas Ltd.

Bronwen Webster, Director, Products & Services, CPA Alberta

Scott Bandura ; Don Burwash ; Jeff Dashkin ; Susie Green ; Kevin Hamm, CPA, CA ; Jeanette Hill ; Jassie Kang ; Michael Massoud, CPA, CA, CPA (IL) ; Nabeel Pabani ; Paul Puscasu ; Bronwen-Webster