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CPA Canada’s Conference for the Oil and Gas Industry 2015

CPA Canada’s Conference for the Oil and Gas Industry 2015 - This product is available in the following media types: Conference

(en anglais seulement) Archive Event
Note: As this event is now over, information is for reference purposes only.

November 23-24, 2015
Calgary Telus Convention Centre, Calgary, AB

The Canadian oil and gas industry faces unique challenges in today’s environment. This industry-driven conference offers general and concurrent sessions to provide you with an opportunity to be up-to-date technically and gain an understanding of the most critical issues and current thinking facing the oil and gas industry. The conference also provides a unique networking opportunity to discuss issues and challenges you face with colleagues, peers and leading industry experts from across the industry.


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Registration 
1410005819-15$1,395.00closed
Prices may change without notice. User license policies
 



Who Should Attend


Professional accountants working in, or providing services to, the oil and gas industry. For example:
  • Chief Financial Officers and other senior financial executives
  • Directors, managers and analysts of: financial planning and analysis, budgets and forecast, business performance, finance
  • Public accountants and other professional advisors
  • Securities regulators, financial analysts and other financial statement users
  • Audit committee members

Program Advisory Committee

Matt Bootle, Ernst & Young, LLP
Jeff Dashkin, Cenovus Energy Inc.
Kevin Hamm, Canadian Natural Resources Limited
T. Imam Hasan, KPMG LLP
Alice Seto, Suncor Energy
Jared Weston, Suncor Energy
Genevieve Grenier, CPA Canada

Agenda

Day 1

MONDAY, NOVEMBER 23, 2015

7:30am-8:30am
Registration and Continental Breakfast
8:30am-9:30am
Opening Keynote Address
Triple Jeopardy: The Three Biggest Economic Challenges Facing Canada's Oil and Gas Industry
Speaker: Brian Lee Crowley, Managing Director, Macdonald-Laurier Institute

Session Overview

Where the heck is this all going? China on the edge. The Middle East in an uproar. Housing prices on the rise. Interest rates at historic lows. Unprecedented election results. How can we see through the noise of day to day events to see the underlying trends that are going to shape the economic future for all Canadians as well as our industry? Public intellectual, think tanker and Globe columnist Brian Crowley will guide us through a humorous and thought-provoking look at what really matters and why.

About Brian Lee Crowley

Whether as the founder of the Macdonald-Laurier Institute (MLI), Ottawa's only independent and non-partisan national public policy think tank; the Clifford Clark Visiting Economist at Finance Canada; the founder of the country's leading regional think tank, the Atlantic Institute of Market Studies (AIMS); or as a member of the Editorial Board of the Globe and Mail, Brian has always pursued one vision consistently and relentlessly: to make Canada the best governed country in the world.

Today he is one of the country's most sought-after public speakers and thought leaders, a columnist in both the Globe and Mail and the Ottawa Citizen, a best-selling and award-winning author, an advisor to governments, industry and international organizations and a public intellectual and frequent media commentator across all media. MLI was recently ranked one of the top three new public policy think tanks in the world, and its work has had a direct influence on a wide array of decisions coming out of Ottawa. Brian has also developed an enviable reputation as a demanding and creative leader of public policy conversations, including for Finance Minister Jim Flaherty, for whom he frequently chairs both pre-budget consultation rountables and summer retreats with some of Canada's leading economic influencers. He enthralls audiences across the country with talks on the issues that matter to Canadians like economic prosperity, relations between Aboriginal and non-Aboriginal Canadians, Canada-US relations, the natural resource economy, the future of health care, the global agricultural revolution, technology and social change, the impact of an ageing population and Canada's proud history and political tradition.

9:35am -10:30am
The Financial Reporting for Oil and Gas Companies
Speaker: Linda F. Mezon, Canadian Accounting Standards Board

Overview

The Chair of the Accounting Standards Board (AcSB) will provide an update on the roles of the AcSB, the International Accounting Standards Board (IASB) and other bodies involved in financial reporting as well as the current priorities affecting reporting by oil and gas companies.

About Linda Mezon

Linda F. Mezon is the Accounting Standards Board (AcSB) Chair and has served in this capacity since July 1, 2013. Combined with her previous board experience as a volunteer member, she has over 10 years of experience as a standard setter, including the period encompassing the adoption of IFRSs and development of accounting standards for private enterprises.

Linda provides leadership to the AcSB to achieve its mission, as well as enables and promotes a deeper stakeholder understanding of the Board's strategic plan and activities. She is a frequent speaker on the topic of IFRSs, able to represent both the standard setter and preparer points of view.

The AcSB serves the public interest by establishing Canada's private sector accounting standards and participating in the development of IFRSs.

Prior to her appointment, Linda was the Chief Accountant at the Royal Bank of Canada (RBC), responsible for the interpretation and application of IFRSs and U.S. GAAP. She also monitored compliance with Canadian regulatory requirements on financial disclosure and was responsible for auditor independence. Before RBC, Linda held other senior positions in industry, including four years of experience in public accounting.

She was named a fellow of the Institute of Chartered Accountants of Ontario in 2013, is a CPA (Michigan) and CGMA, holds a BA in Accounting from Michigan State University and an MBA from the University of Detroit.

Enterprise Risk Management: Weathering the Storms with Risk-Based Decision-Making?
Moderator: Rick Whitehead, Deloitte LLP

Panelists: Richard Arthurs, AltaLink LP, Michele Waters, Cenovus Energy Inc., and Pamela Tisdale, Suncor Energy Inc.

Overview

Enterprise Risk Management (ERM) has long been associated with compliance. Even the companies we consider mature at it have been driven to do so largely for regulatory compliance reasons - think utilities and financial institutions. For oil & gas in Western Canada, there was large interest in ERM about 5 years ago with the emergence of a number of local communities of practice. Many of these have fizzled out, which leads to the question: is ERM capable of generating value for an oil & gas organization, or is it more of a feel-good discretionary project?

About Rick Whitehead

Rick Whitehead is a partner with Deloitte and has more than 30 years' experience working with Companies to address financial and operational risks and controls. Rick leads Deloitte's ERM, Governance and internal Audit market offerings for Western Canada. In this role, he has supported executive management and Boards in discharging their risk oversight roles and has provided advisory services relating to ERM program assessment, program design and implementation.

About Richard Arthurs

Richard is originally from Halifax, Nova Scotia. He has over 20 years of experience in accounting, finance, risk management, and internal audit. He has travelled to just under 50 countries during his career as the Global Director of Internal Audit and Risk Management for General Mills Inc. based Minneapolis, US. He has managed a $2 Billion revenue portfolio as the US brand controller for Hamburger Helper, Old EL Paso, and Progresso Soup. He spent three years in London, England as the CFO of General Mills UK and Ireland. He is currently the Vice President of Risk, Audit and Compliance at Calgary based Altalink - A Berkshire Hathaway Energy company. Richard is also on the Canadian Board of the Institute of Internal Auditors, he is the National Chair of the Canadian Electrical Association - Internal Audit group, and he facilitates the ERM course for the Institute of Corporate Directors - Directors Education Program. Richard lives in Calgary with his wife and two children. He is an avid downhill skier, golfer, and loves to travel.

About Michele Waters

For the past 5 years Michele has held the role of Director, Enterprise Risk and Insurance for Cenovus Energy. In this capacity Michele has lead a team of professionals responsible to developing and embedding enterprise risk management across the company. This includes providing leadership, instruction and guidance to support a systematic approach to the identification, assessment, management and communication of risk in an effort to improve business performance. Michele's focus has been on demonstrating the value of the ERM program and providing visibility to senior management of its effectiveness in decision quality.

Additional responsibilities include designing and procuring an effective insurance program that balances the broadest form of insurance coverage available with an effective and sensible risk retention philosophy consistent with Cenovus's risk appetite as well as the development and training of the Cenovus's business continuity plan.

About Pamela Tisdale

Pamela Tisdale is a demonstrated leader with over 20 years of progressive financial and operational experience in both banking and the oil and gas industry. Expertise includes risk, corporate finance, treasury, economic analysis, investor relations, trading, project management, capital and production planning, and business services.

Pamela has a B.Comm (Finance) from the University of Saskatchewan, M.A. (Economics) from Queen's and a CFA designation.

10:30am-11:00am
Coffee Break - Exhibits Open
11:00am -12:00pm
Alberta Securities Commission Regulatory Update
Speakers: Lara Gaede, Craig Burns and Cheryl McGillivray, Alberta Securities Commission

Overview

In this session, the Manager, Corporate Finance, Manager, Petroleum and Chief Accountant of the Alberta Securities Commission will provide observations and discuss regulatory updates impacting capital market participants in the Oil & Gas industry.

About Lara Gaede

Lara is the Chief Accountant and CFO at the Alberta Securities Commission where she provides expert knowledge in the areas of accounting, auditing and financial reporting matters to ASC staff as well as guidance to reporting issuers and their advisors. This division is involved in policy initiatives that relate to these areas of expertise. Lara is also a member of the Canadian Accounting Standards Board. She is a CFA as well as an FCA and holds the ICD.D designation.

About Craig Burns

Craig Burns, P.Geo., is Manager, Petroleum, at the Alberta Securities Commission (ASC), which is responsible for administering the province's securities laws. A graduate of Dalhousie University with a B.Sc. (Hon.) degree in Earth Sciences, Craig has in excess of 19 years of oil and gas-related experience. Prior to joining the ASC in 2013, Craig worked in the acquisition and divestiture group at a Calgary-based investment bank and in energy equity research at a major Canadian bank. Preceding this, he was with McDaniel & Associates Consultants Ltd., conducting evaluations of oil and gas reserves and resources other than reserves, with a focus on unconventional mandates.

Craig was a member of the Canadian Securities Administrator's committee responsible for the 2014 amendments to NI 51-101 Standards of Disclosure for Oil and Gas Activities.

About Cheryl McGillivray

Cheryl McGillivray has been with the Alberta Securities Commission (ASC) since 2006. Cheryl is Manager, Corporate Finance, where her main responsibilities include the oversight of reporting issuers filings such as prospectuses, continuous disclosure filings, and applications for exemptive relief. A large part of the oversight role involves the assessment of reporting issuers' financial reporting and other continuous disclosure obligations.

In addition, Cheryl participates in policy work and sits on a number of Canadian Securities Administrators (CSA) committees, relating to prospectus and continuous disclosure policies and application. She has also instructed several MD&A sessions for the ICAA.

Cheryl is a Chartered Accountant and a member of the Alberta Institute of Chartered Accountants and Chartered Professional Accountants, Ontario. Cheryl held several senior financial management positions prior to joining the ASC and has extensive financial management and financial reporting experience.

How are Oil and Gas Companies and their Lenders Managing in this Challenging and Low Price Environment?
Moderator: Jeff Keeble, Deloitte LLP Panelists: Bruce Edgelow , ATB Financial and Leigh Cassidy, Whitewater Inc.

Overview

This session will provide a CFO, banker's and restructuring professional's perspective on the current challenges in the oil and gas industry and how companies and lenders are dealing with and addressing these challenges. Some of the questions and topics to be discussed will include what are companies doing to source, deploy and optimize capital, how are companies dealing with covenant and other lending agreement breaches, what refinancing and restructuring options are available to companies, how are companies and lenders dealing with the Alberta Energy Regulator, what are lenders doing to amend and extend existing lending agreements and borrowing base requirements, what are lenders wanting to see from companies in financial distress to continue to work with them and what are some effective communication and other strategies for companies dealing with concerned lenders?

About Jeff Keeble

Jeff Keeble is a partner of Deloitte & Touche LLP and a Senior-Vice President of Deloitte Restructuring Inc. Jeff leads the corporate restructuring practice in the Prairies. He is a Chartered Accountant, a Chartered Business Valuator, a Chartered Insolvency and Restructuring Practitioner and a Licensed Trustee in Bankruptcy.

Jeff has specialized in the restructuring and turnaround of financially troubled companies through formal and informal restructuring avenues and performance enhancement initiatives for over 15 years in BC and Alberta. Jeff has completed numerous bankruptcies, proposals, receiverships, business reviews and turnarounds for companies in the oil and gas, aerospace, manufacturing, real estate, entertainment, agriculture, heavy equipment, construction, transportation and forestry sectors. Jeff also gets involved in the monitoring of the financial, strategic and operational results of various companies on behalf of secured creditors and other interested parties.

Jeff has also performed investigative and forensic accounting services in connection with fraud investigations, tracing of funds, corporate investigations, securities investigations and misappropriation of assets.

About Bruce Edgelow

For the past 12 years, Bruce was responsible for helping to build ATB Financial's Energy business and capabilities. The Energy Team consists of industry specialists in all aspects of the energy industry, including: drilling and service, pipelines, utilities, midstream, exploration and production and alternative energy.

Bruce has most recently stepped into a new role to head up strategic initiatives which includes managing ATB's challenged loan portfolio and expand ATB Corporate Financial Services community involvement.

Bruce has over 43 years of banking experience with a focus on lending to the oil and gas industry. He is a Fellow of the Institute of Canadian Bankers, has attained the ICD.D designation, and is a very active participant in community and church activities. He frequently speaks at numerous oil and gas industry seminars on finance. He serves as a Director for the Calgary Counselling Centre. He also sits as a Canadian Women's Foundation Calgary Cabinet Member, Chairs the Peter Lougheed Centre Development Council and serves as a Calgary Health Trust Board Trustee.

About Leigh Cassidy

Leigh is the Principle of Whitewater Inc. which has focused on financial restructurings and recapitalizations over the past 20 years. Whitewater has recently joined with Dundee Capital Markets to providing transactional support to Dundee in recapitalizations and financial turnaround to Calgary and global investment banking team.

He brings over 35 years of senior financial management experience with public companies leading numerous debt and equity capital market transaction. He has extensive international transaction experience in merger and acquisition at the both the corporate and asset level. Over the past number of years he has undertaken leadership roles in transaction based recapitalization and financial distress situations completed both outside and with insolvency proceedings in Canada, the US and UK. His industry experience include energy, advanced material sciences, data utilities, commercial and consumer lending, credit insurance, manufacturing of industrial products, hard rock mining, pulp and paper, consumer products, and beverages.

Leigh received a Bachelor of Business Administration degree from Wilfrid Laurier University, is a Certified Professional Accountant and holds the Chartered Financial Analyst designation.

12:00pm-1:15pm
Networking Lunch
1:15pm -2:15pm
Moving Towards an Enhanced External Auditor's Report - Implications and Challenges for Canada
Speakers: Darrell Jensen, Ernst and Young LLP and Eric Turner, CPA Canada

Overview

The external auditor's report is undergoing significant change. The Auditing and Assurance Standards Board's proposals will turn the current one-page pass/fail report into an entity-specific report designed to increase understanding of, and confidence in, the external audit and the financial statements. They affect management and the audit committee, not just the auditors, of all entities. Darrell Jensen, AASB Vice Chair, and Eric Turner, Director of Auditing and Assurance Standards, will highlight key elements of the proposals, while also shedding light on challenges in moving towards their successful implementation in Canada.

About Darrell Jensen

Darrell is a partner in the professional practice group in Toronto focused mostly on complex auditing matters and methodology. Darrell has over 25 years' experience in serving clients, both public and private, in a variety of industries. He has worked in a number of geographies across Canada. From 2005 to 2010 he was located in Edmonton serving a variety of listed entity clients.

Darrell also oversees EY's internal audit quality inspection processes and works closely with our external regulators, CPAB and the PCAOB, in their inspections of our listed audit clients.

Darrell will start a two year term as Chair of the Auditing and Assurance Standards Board in 2016. He was recently the co-Chair of a task force to update the Joint Policy Statement between CPA Canada and the Canadian Bar Association.

About Eric Turner

Eric Turner has over 20 years' experience in standard setting and is Director of Auditing and Assurance Standards at the Chartered Professional Accountants of Canada. Eric and his staff support the operations of the Canadian Auditing and Assurance Standards Board, the independent setter of auditing, assurance and related services standards. In addition, Eric works with a leadership team at CPA Canada on initiatives to enhance audit quality and provide education, guidance and tools that support the provision of high quality auditing, assurance and related services by the accounting profession.

Beyond Dollars and Cents: the Art and Value of Business Analytics
Speaker: David Sloane, Deloitte LLP and Darren Gee, Peyto Exploration and Development Corp

Overview

In an economic downturn, when margins are tight, Decision Makers more and more want to make sure their decisions are driving the results they desire. There has been a lot of attention in recent years on driver-based analysis and how improved Finance competency in this area will lead to the type of insightful stewardship that is the evolution of management reporting. Beyond just being able to explain the financial implications of an operational event, Finance teams are learning to leverage this understanding to support Business value creation through improved financial modeling and more robust analysis that can highlight levers Decision Makers have available to them to deliver results.

About David Sloane

David has over 15 years experience advising Senior Finance leaders and their teams on a range of topics including Finance strategy, transformation, performance management, and merger integration. While David has worked in a variety of industries, spanning both the private and public sectors, his primary focus is clients in the energy & resources industry in Western Canada.

David holds an MBA from the Richard Ivey School of Business and a Bachelor of Chemical Engineering from McMaster University.

About Darren Gee

Mr. Gee joined Peyto in 2001 as the VP Engineering and succeeded Don Gray as President and CEO on Jan. 1, 2007. Mr. Gee received a BSc in Mechanical Engineering in 1989 from the University of Alberta and worked as a Professional Engineer for Petro Canada, Anderson Exploration, Renaissance Energy and Husky in the past in various reservoir and exploitation engineering roles.

Over the past 14 years, Mr. Gee has helped lead Peyto's growth from a small junior producer of 2,000 boe/d to an industry leading intermediate producer of 90,000 boe/d.

In 2012, Mr. Gee was honored by Alberta Oil Magazine as CEO of the Year and in 2013 Peyto was honored by Oilweek Magazine as Producer of the Year.

2:15pm-2:20pm
Session Change Break
2:20pm -3:20pm
IFRS Changes Affecting You Today
Speakers: Tammy Thompson and Kerry Clark, Ernst and Young LLP

Overview

Companies reporting under International Financial Reporting Standards (IFRS) continue to face a steady flow of new standards and interpretations. The nature of the resulting changes ranges from significant amendments of fundamental principles to some minor changes from the annual improvements process. They will affect different areas of accounting, such as recognition, measurement, presentation and disclosure. The challenge for preparers is to gain an understanding of what lies ahead. In this session, two of EY Calgary's most experienced Oil and Gas accounting experts will provide you valuable insight to help meet that challenge.

About Tammy Thompson

Tammy assists companies with their financial reporting and technical accounting issues. She specializes in the application of IFRS and U.S. GAAP to matters encountered by companies in the oil and gas and power and utilities sectors and has work with energy organizations across North America. Topical speciality areas include the accounting for business combinations, energy contracts and rate-regulatory operations. As a member of Ernst & Young's Power and Utilities Industry teams, Tammy is responsible for sharing information on accounting matters with the industry through a variety of means, including her involvement with various industry organizations.

About Kerry Clark

Kerry provides accounting guidance to clients and staff advising on various financial reporting matters under IFRS and US GAAP. She has over 12 years of experience with IFRS application issues and 16 years of experience handling complex accounting issues. Her accounting experience spans a variety of industries, with a specific focus over the past 7 years on financial reporting issues in the energy industries, including oil and gas, infrastructure and utilities. She frequently assists clients in understanding the financial reporting implications of complex transactions such as complicated infrastructure construction and partnership arrangements, leases, share-based payments, revenue recognition issues, acquisitions and joint arrangements.

Kerry is a member of the Chartered Professional Accountants of Canada and the Institute of Chartered Accountants Australia and New Zealand; a member of CPA Canada's Oil and Gas Industry Task Force, the Canadian Association of Petroleum Producers' IFRS Committee and Revenue Transparency Task Force, and EY's internal expert network on the new revenue recognition standard.

Leveraging Application Software Investments through Integration and Business Intelligence
Speaker: Julie Watkins, Adrian Kozlowski and Ted Furuya, Canadian Natural Resources Limited

Overview

Business applications are always changing. Maximizing corporate investment in applications means minimizing customizations and standardizing key processes at a level that provides flexibility without compromising results. Integrating processes across applications leverages the strengths of applications that specialize. Using business intelligence reporting tools to bring together information across business applications gets visibility to information to change business behaviours. To build a strong suite of enterprise applications, consideration has to be given to how data is entered, how data is integrated and how data is reported. It is not just about financial statements. Join this session to learn how positioning applications, integrations and business intelligence tools can maximize your corporate investment.

About Julie Watkins

Julie Watkins is the Director of Corporate Continuous Improvement and Enterprise Applications at Canadian Natural. In this role, Julie is responsible for change of significance from business process through to application solution. The enterprise application portfolio includes EnterpriseOne / JDEdwards, ADP Open Invoice, Grant of Authority and Maximo. With over 30 years of experience in the Canadian and International oil and gas arena, the last 10 of which have been with CNQ, Julie is able to execute change of significance while assuring data integrity and control compliance through to enterprise application solutions.

About Adrian Kozlowski

Adrian Kozlowski is a Continuous Improvement Project Lead, CI Coach and a member of Canadian Natural's Corporate Continuous Improvement Team. For the past three years, Adrian has been a leader at Canadian Natural in implementing business intelligence to achieve improved business performance results in the organization. Most recently, Adrian has been coaching Canadian Natural's International team in the successful application of continuous improvement.

About Ted Furuya

Ted Furuya is a Continuous Improvement Project Lead and CI Coach at Canadian Natural. Ted joined the Corporate Continuous Improvement Team four years ago where he helped shape the project delivery model used today. Prior to joining continuous improvement, Ted worked in information technology specializing in system architecture and solution delivery.

3:20pm-3:35pm
Coffee Break - Exhibits Open
3:35pm-4:30pm
Revenue Transparency: Do I Have to Report ALL Payments to ALL Governments?
Moderator: Jeff Dashkin, Cenovus Energy Inc
Panelists: Anthony Cole, Denton LLP; Rene L. Fortier, P2 Energy Solutions; Scott Bandura and David Whiteley, PwC LLP

Overview

On June 1, 2015 legislation was proclaimed that requires companies in the commercial development of oil, natural gas and minerals (private and public) to report virtually all payments to any government, if the total payment to a single government exceeds $100,000 in a fiscal year. Attestation by an officer, director or external auditor is required. Does this apply to you? When does this apply? What types of governments must be reported? What payments are in/out of scope? Am I really required to report cash payments, not on an accrual basis? What are the penalties for non-compliance? How do we aggregate payments for reporting? What about confidentiality? Do I have to have this audited? How would I document due diligence? How do we treat operating and non-operated working interests, partnerships, joint ownership and production taken in kind? Find the answers to these questions and more - reporting for fiscal 2016 payments is required by law.

About Jeff Dashkin

Mr. Dashkin graduated from York University in Toronto. Shortly after joining Deloitte & Touche, Jeff had the good sense to leave Toronto and move to Calgary. His experience includes five years in public accounting with Deloitte & Touche and Grant Thornton, four years with the Alberta Securities Commission's Corporate Finance department, and seven years with Pengrowth Energy Corporation's Financial Reporting department where he lead Pengrowth's IFRS conversion. Jeff was the former chair of the Canadian Association of Petroleum Producer's IFRS committee (March 2009 until March 2011) and is a member if the IFRS Oil & Gas Industry Task Force. Jeff has been leading the research and technical accounting group at Cenovus Energy Inc. since 2012.

About Anthony Cole

Anthony's practice focuses on the areas of anti-corruption, civil fraud and asset recovery.

In the area of anti-corruption, Anthony has represented clients in the context of criminal investigations, prosecutions, civil recovery measures and forfeiture proceedings. In particular, he has substantial experience in conducting complex crossborder investigations, including matters touching and concerning jurisdictions within North America, Europe, Asia-Pacific, Africa and South America.

Anthony also regularly advises corporate clients facing potential exposure to foreign or domestic corruption risks. In particular, he has conducted and overseen compliance reviews, advised on the development of business integrity policies and procedures, delivered anti-corruption training programs, and assisted clients in responding to discrete anti-corruption incidents or scenarios. He has also advised clients on a wider range of compliance and governance issues, including economic sanctions and money laundering matters.

Anthony also has acted on numerous complex and high-value fraud claims, including matters with a substantial crossborder element.

About Rene Fortier

Rene is a Senior Account Executive for P2 Energy Solutions Alberta ULC. He has been working with Qbyte products in one form or another for over 25 years. His roles have ranged from being a customer, to implementation consulting, to selling Qbyte products and services. His seven years of industry experience included two years at Unocal Canada and five years at Pennzoil Canada, where he worked with the Qbyte applications. After that Rene spent eight years working at P2 Energy Solutions providing implementation and consulting services and has spent the last 12 years working in the Sales Group.

Rene's 25 years of oil and gas accounting and information systems experience have equipped him with an in depth knowledge of the Qbyte products and services, the competitive landscape, a strong understanding of P2s' customer requirements, software implementations, system conversions and project management.

Rene is a Chartered Professional Accountant.

About Scott Bandura

Scott is a partner in PwC's National and Global Accounting Consulting Services Practice.

Scott is one of PwC's experts in technical accounting standards and has many years of experience in the interpretation and application of IFRS, and US GAAP. Scott has worke d in Ontario, London (UK) and currently resides in Calgary. He has extensive oil and gas experience and consults on technical accounting issues for some of PwC's largest oil and gas clients.

Scott is a member of CPA Canada's Oil and Gas Task Force and the Alberta Securities Commisison Financial Advisory Committee as well as PwC's Global Energy Committee and has contributed to PwC publications including the IFRS Manual of Accounting and Financial Reporting in Oil and Gas. Scott has spoken on topics of interest to the oil and gas industry including IFRS 11 - Joint Arragnements at the Canadian Accounting Standards Board IFRS Discussion Group.

About David Whiteley

David is a partner with the Accounting Advisory Services practice of PwC working in the Calgary office. His main focus is on regulatory compliance and performance management. He is the lead partner for PwC Canada's Extractive Sector Transparency Measures Act (ESTMA) team.

David has more than 15 years of experience in both the consulting practice and the energy industry. He has also worked with other industries, including mining, hospitality, railways and shipping. His advisory experience has led him to be involved in many areas such as regulatory compliance, merger integration, litigation support, and IFRS change management.

Prior to joining PwC, David held several senior executive positions in the energy industry, including CFO and corporate secretary of an international oil and gas company with operations in Canada and South America. He was also the manager of strategy and planning of a multinational conglomerate.

4:30pm-5:30pm
Networking Reception - Exhibits Open

Day 2

TUESDAY, NOVEMBER 24, 2015

7:30am-8:30am
Continental Breakfast - Exhibits Open
8:30am-9:30am
Keynote Address - The End of an Alberta Dynasty. Is it Also the End of the Alberta Advantage?
Speaker: Chantal Hébert, National Affairs Columnist, Toronto Star

Session Overview

Ms. Hébert is a national affairs writer with the Toronto Star. She is also a weekly participant on the political panel at Issue on CBC's The National. Ms. Hébert speaks with authority and passion on public policy and other matters of national importance. With the federal election behind us, she will address the way forward and the challenges ahead.

About Chantal Hébert

Ms. Hébert began her career in Toronto as a reporter for the regional newsroom of Radio-Canada in 1975 before moving on to Parliament Hill for Radio-Canada. She has served as parliamentary bureau chief for Le Devoir and La Presse. Ms. Hébert is a graduate of Glendon College, York University.

She is a Senior Fellow of Massey College at the University of Toronto and holds honorary doctorates from Bishop's,York University, the University of Western Ontario and Concordia University. She is a recipient of two Asia-Pacific media fellowships (Malaysia and Japan). She is the 2005 recipient of the APEX Public Service Award. In 2006, she received the Hy Solomon award for excellence in journalism and public policy, as well as York University's Pinnacle Achievement Bryden Alumni award.

Ms. Hébert's second book titled The Morning After was published in September 2014. In 2014 she won a National Magazine Award (gold) for her political column in L'actualité. She is an officer of the Order of Canada.

9:30am-10:30am
Practical Applications of Alternative Funding in the Oil and Gas Sector
Moderator: Brock McMillan, Ernst & Young LLP

Panelists: Trent Baker, 32 Degrees Capital; Karma Roste, Rolling Hills Energy Ltd and Matthew Rachiele, TD Securities inc.

Overview

How can companies raise and maintain funding in the current economic environment? What are investors looking for when they fund private companies? How can companies create unconventional sources of funding, like royalties on producing properties? Listen to the discussion from the perspective of a private upstream producer, an investor and an advisor.

About Brock McMillan

Brock is a Partner and Senior Vice President with Ernst & Young Orenda Corporate Finance Inc. He specializes in all facets of corporate finance, including advising companies on M&A transactions, financings and strategic advisory assignments. He has advised on over 50 domestic and cross border M&A and financing transactions involving private and public companies, and private equity firms. In addition, He has advised numerous Boards of Directors and senior management teams of public, private and government organizations on the assessment of their strategic options. Brock has worked across a variety of industries, but has extensive experience working in the energy sector with a specific focus on the energy services sub-sector

About Trent Baker

Trent Baker is a partner with 32 Degrees Capital, and has been with 32 Degrees since 2007. Trent is responsible for portfolio management, deal sourcing, financial analysis and investment due diligence. He currently serves on the Board of Directors for Rangeland Drilling Automation, Inc., Powder Mountain Energy Ltd. and Ignite Energy Services Ltd. He is an Observer on the Board of Directors for HPC Energy Services and MarkWater Handling Systems Ltd. Prior to joining the Firm he worked in the audit and assurance department for KPMG.

Mr. Baker holds a Bachelor of Commerce degree from Queen's University, is a member of the Chartered Professional Accountants Alberta and is a CFA charter holder.

About Karma Roste

Karma is currently the VP, Finance and CFO for Rolling Hills Energy Ltd, a private oil and gas company financed in late 2014. Prior to this, Karma held the same role for Home Quarter Resources Ltd. until the company's successful sale in January, 2014. Karma obtained her designation in 2003 after graduating from the University of Saskatchewan with a Bachelor of Commerce and articling at KPMG LLP where she focused most of her time on oil and gas audit clients. Her work experience also includes time spent as an Oil & Gas Research Associate at Scotia Capital and Manager of Finance roles at two other private companies (Trident Exploration Corp. and Range Royalty Trust).

About Matthew Rachiele

Matt is a Vice President within TD Securities' Global Energy Investment Banking practice. Matt and the TD team have advised on $8.7 billion in royalty transactions totaling ≈16 million royalty acres since May 2014, including the $3.3 billion sale of Cenovus' royalty assets to Ontario Teachers' Pension Plan, the $2.6 billion Secondary Offering by Encana of PrairieSky Royalty shares, the $1.7 billion IPO of PrairieSky Royalty (the largest Energy IPO in Canadian history), the ≈$730 million sale of Range Royalty LP to PrairieSky Royalty, the ≈$320 million sale of Penn West royalty assets to Freehold Royalties, and the $141 million sale of Lightstream royalty assets to Freehold Royalties. Matt is a CFA Charterholder and FINRA registered broker, with a BComm, Finance from the Haskayne School of Business at the University of Calgary.

10:30am-11:00am
Coffee Break - Exhibits Open
11:00am -12:00pm
New Accounting Standards That will Have a Major Impact on Your Company
Speaker: Steve Aubin, Deloitte LLP

Overview

This session will provide an overview of the new accounting standards that will have a major impact on the industry.

Strategy and Influential Leadership
Speaker: Jocelyn Bérard, Optimum Talent

Overview

The key to defining and implementing strategies in complex and modern organizations is influence, not authority. The focus needs to be on demonstrating personal leadership and getting results through others by building relationships and using influence skills, rather than relying on positional power. The evolution of management structures, a more collaborative working environment, and cross-functional project teams means it is essential to get things done through a greater number of people, both inside and outside the organization. This practical and dynamic session will demystify what influential leadership is and highlights recent research on the most effective practices related to influential leadership in the workplace.

About Jocelyn Bérard

Jocelyn Bérard is Senior Vice-President, Organizational Psychology and Coaching at Optimum Talent. In this role he is responsible for the Organizational Psychology growth plan while designing and developing rigorous and effective talent management solutions supporting our clients' business needs.

Jocelyn has extensive Canadian and international experience in the areas of human resources and business management in Europe, North America, the Middle East and Asia, in a variety of industries such as telecommunications, auto manufacturing, health care, retail, aerospace and banking. His interventions focus on Talent Management, especially in the area of leadership assessment and development, performance management, succession management and selection best practices.

Fluently bilingual in French and English, Jocelyn holds undergraduate degrees in Psychology and Human Resources, a Master Degree in Industrial/Organizational Psychology and an Executive MBA. Jocelyn's new book, titled "Accelerating Leadership Development", was published by Wiley and focuses on leadership assessment, leadership development and succession management.

12:00pm-1:00pm
Networking Lunch
1:00pm-2:00pm
Pipelines, and Railcars and Barges! Oh My! Rerouting the Hype to Focus on the Facts
Speaker: Mark Townley, Suncor Energy Inc; and Steven Paget, FirstEnergy Capital

Overview

Since the beginning of the tight oil boom 2011 the oversupply of North American crude and the lack of access to tidewater resulted in billions of dollars of lost opportunity for industry, and the economy in general. Is market access still as great a priority today as it was two years ago? This session will discuss the current state of market access from an industry and a pipeline perspective. Attendees will gain an understanding of the major logistics options available today, where the challenges are, and where the presenters expect us to go in the future

About Mark Townley

Mark Townley has worked in the oil and gas industry for more than 25 years. His early experience was in a variety of refining and marketing roles with BP, which took him to the UK, USA, and Europe. In 2004, he joined Suncor's marketing group, assuming roles of increasing accountability - including leadership of Suncor's pipeline business - before becoming vice president of strategic planning and development in 2008.

Mark moved to his current role of vice president Supply & Trading in July 2011, where he is responsible for overseeing a significant part of Suncor's commercial activities.

Mark studied geography at the University of Cambridge in England; he is also a graduate of the European Institute of Business Administration (INSEAD) in Fontainebleau, France.

Mark lives in Calgary with his wife Catherine; his two children Adam and Eleanor are both studying at university. Mark's passion is hiking and mountaineering in the Canadian Rockies.

About Steven Paget

Mr. Paget holds a B.A. (Hons.) from the University of Calgary and a M.A. from the University of Toronto. He worked at oil and gas producer Renaissance Energy prior to joining FirstEnergy in 1998. Steven is FirstEnergy's energy infrastructure analyst, where he covers organizations active in the energy transportation, processing, and power generation industries. Steven also publishes macro research on various energy topics such as biofuels and wind power. He has been a CFA charter holder since 2010.

2:00pm-2:10pm
Session Change Break
2:10pm -3:00pm
What's Hot, What's Not and What's Recycled in the World of Tax
Speaker: Bruce A. Weatherdon, KPMG LLP

Overview

This session will explore some of the current Canadian tax topics and issues as a result of government budgets and other legislative changes. It will also explore topical areas of taxation related to the oil and gas industry, which includes some recycled topics that are very relevant today. The session will cover, but not limited to, the following matters: relevant federal and provincial budget changes, LNG taxation issues, current recycled issues of particular relevance today, successor corporation rules, loss trading and transaction costs.

About Bruce Weatherdon

Bruce is a partner in the Canadian Energy and Natural Resources corporate income tax practice at KPMG. Bruce has extensive experience advising energy and energy service companies operating in Canada and internationally on taxation matters. During his fifteen years of tax experience, he has advised on domestic and international mergers and acquisitions, divestitures, internal restructuring, tax minimization planning and accounting matters.

Bruce has been a lecturer and instructor at numerous industry and tax events including the Canadian Petroleum Tax Society's Oil and Gas Taxation course and as an instructor at Level II and Level III of the CPA Canada In-depth Tax Course.

The Future of Corporate Reporting - the Rise of the Non-financials
Speaker: Sander Jansen, KPMG LLP and Kym Fawcett, Enerplus Corporation

Overview

83% of the top-100 companies in Canada now report on sustainability, up from 41% 10 years ago. A similar trend is visible for smaller companies and in Alberta, where the oil & gas industry is driving reporting rates. Clearly leading companies consider sustainability reporting to be essential to the future of their business. However, as with any emerging field of reporting, stakeholder priorities, reporting standards and regulatory requirements are evolving rapidly. Is your company prepared for the changing expectations?

In this session, we will provide an overview of the state of play and key trends of sustainability reporting, while exploring the evolving role of finance individuals in this space. Join us as our industry speaker also touches on the perceived value and do's and don'ts of sustainability reporting.

About Sander Jansen

Sander is a Manager with KPMG's Sustainability group in Calgary with over 6 years of non-financial audit and reporting experience. Sander has worked for various clients in the oil & gas, power utilities and construction sectors to help develop their corporate reporting and has been engaged in a large number of sustainability assurance projects. Sander has worked for KPMG practices in The Netherlands, Australia and Canada. In 2012 he was nominated for the highly competitive year-long global Future Leaders Team (World Business Council for Sustainable Development), a young-professional think-tank aimed at shaping the future of non-financial reporting and management. Sander is an invited speaker to various conferences in Canada and Europe and is co-author of several publications on carbon disclosure.

About Kym Fawcett

Kym has over 25 years' experience in environment, sustainability, health and safety, regulatory compliance/permitting, and stakeholder engagement/Indigenous affairs. She has a solid record of successfully developing and leading HSE&SD organizations and programs.

Kym began her career as an environmental consultant in 1990 to 2006. Her work during this time focused primarily on environmental impact assessments, environmental management, and regulatory permitting for a variety of natural resource sectors including, mining, oil sands, nuclear, forestry, and pulp and paper, with an emphasis on the oil and gas sector. In 2006, Kym joined ConocoPhillips as Team Lead, Oil Sands, Environment and Stakeholder Engagement. She served in this position until joining Enerplus in 2008 as the Manager for Environment, Regulatory and Stakeholder Engagement, Oil Sands, transitioning in 2010 to her current position as the Senior Manager of Safety and Social Responsibility for Enerplus Corporation. Her department oversees all matters and activities pertaining to health, safety, environment, sustainability, regulatory, stakeholder engagement, HSE & SD education programs, and indigenous affairs for the Corporation.

Kym served as President of the Canadian Heavy Oil Association (CHOA) from 2011 to 2013. Currently, she serves on the Board of Directors for the CHOA and NAEM.

3:00pm-3:15pm
Coffee Break - Exhibits Open
3:15pm-4:00pm
Canadian Energy Capital Markets: "When the wind blows, you need strong roots"
Speaker: Drew Ross, Scotia Waterous Inc.

Overview

Today's energy environment presents one of the most challenging periods for the Canadian Energy sector. Companies are being ravaged by the dramatic drop in crude oil prices and by continued depressed North American natural gas prices. With our traditional market of our oil and gas becoming less reliant on our production (the US), we are faced with the task of seeking new international markets which can only be accessed by massive new infrastructure requirements. In this environment, it is only the strong companies that are going to survive. Size, top decile returns and low debt levels are going to be the key to weathering the storm. And the M&A markets are not going to save everyone like they used to in the past: lower quality companies are going to find it difficult to find buyers at any price. This session will provide an overview of the current market dynamics at work in the Canadian Energy Capital markets and what general themes and strategies are likely going to be played out over the next 12-18 months.

About Drew Ross

Drew Ross is a Managing Director in the Scotia Waterous Calgary office. Mr. Ross has over 21 years of investment banking experience and has worked on some of the largest M&A and financing transactions in the Canadian energy sector.

Prior to joining Scotia Waterous, Mr. Ross was the head of the Energy Group at Genuity Capital Markets and also worked at Merrill Lynch and RBC Capital Markets. Prior to his career in investment banking, Mr. Ross worked as a Geophysicist at Chevron Canada Resources.

Mr. Ross holds an Honours Bachelor of Engineering in Geophysics from Queen's University and a Masters degree in Business Administration from the University of British Columbia. He is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

4:00pm
Conference Adjourns

Sponsors & Exhibitors



Sponsor:




P2
www.p2energysolutions.com

Exhibitors:


























Venue


Calgary Telus Convention Centre
120 9th Avenue SE Calgary
Calgary, AB, T2G 0P3 Canada
t. (403) 261-8500

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 Calgary TELUS Convention Centre is owned by the City of Calgary and operated by the Calgary Convention Centre Authority.

Accommodation

Hyatt Regency Calgary
700 Centre St SE
Calgary, AB T2G 5P6

Hotel reservations are the responsibility of the participant. CPA Canada has arranged for a special conference rate of $175/night (plus applicable taxes).

This conference rate is available until October 21st, or until the room block is full. For reservations, go to: https://resweb.passkey.com/go/CPACanadaNov.

Contact Us

For technical details of the conference content, contact:
Geneviève Grenier, Principal, Conferences and Courses, Professional Learning and Development
Phone: 416-204-3278
Email: GGrenier@cpacanada.ca

For event logistics, contact:
Diya Gill, Manager, Conferences and Courses, Professional Learning and Development
Phone: 416-204-3496
Email: DGill@cpacanada.ca

For registration inquiries on this conference, contact:
Phone: (416) 204-3263
Email: registration@cpacanada.ca

Event dates, locations and prices subject to change.

CPA Canada offers many Sponsorship Opportunities to promote your products and services.


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