Energy Risk Management

Energy Risk Management

This 6 speaker half day event is expecting 50-70 participants and is organized in collaboration with CFA Edmonton, Petroleum Services Association of Canada (PSAC), the Canadian Association of Petroleum Producers (CAPP) and the Canadian Energy Pipeline Association (CEPA).

Event Format:

11:45-12:30 Opening/Registration & Networking Lunch

12:30- 2:00 - Panel A – Economic outlook of the oil & energy markets

I. Todd Hirsch, MA – Chief Economist, ATB Financial (Edmonton)

Topic: Economic outlook and predictions of the oil & energy markets.

II. William (Buff) Brown – President, WHB Energy Research LLC (Houston)

Topic: The "Speculator": The Oil Producer's Best Friend? The emerging role of the non-commercial in crude oil markets, factors that determine non-commercial decision-making, examples of hedging opportunities that non-commercials have provided the oil producer, and (in the context of a world oil market outlook)alternative hedging strategies for producers.

III. To be determined

2:00 - 2:30 Networking/coffee break

2:30-4:00 Panel B - Quantitative framework for the energy industry

I. Hans Tuenter, Ph.D. – Senior Model Developer – Energy Markets, Ontario Power Generation (Toronto)

Topic: A high-level overview of how we built our structural models and implemented the computational

framework to assist senior management.

II. Kevin Kindall, Ph.D. – Director of Quantitative Analysis, ConocoPhillip (Houston)

Topic: A general framework for testing hedging strategies. The use of monte carlo process to produce a cumulative distribution function (CDF), which can represent after tax operating income, net revenue, or some other metric of interest to management. The reshaping of the CDF shows the effect of a hedge and the likelihood of reaching certain planning targets.

III. To be determined

Event Leader: Jim Higginson, CFA, MA, PRM, PRMIA Edmonton Deputy Regional Director and Manager, Gas Economics at Alberta Energy

Registration

ONLINE: US$50 for free members. US$30 for sustaining members.

AT THE DOOR: CA$80 CASH ONLY.

(No refunds within 48 hours of the event.)

Venue: Canadian Western Bank - 10303 Jasper Avenue, Basement level, Western room, Edmonton

Sponsors:

Canadian Western Bank

Professional Risk Managers' International Association (PRMIA)

The Professional Risk Managers International Association or PRMIA [PREE - mee - ah] is a higher standard for risk

professionals, with 60 chapters around the world and over 80,000 members from more than 180 countries.

It's a fast growing, collaborative network of risk professionals from around the globe, defining and implementing

the best practices of risk management. PRMIA is a non-profit, member-led association, with its mission to provide

a free and open forum for the promotion of sound risk management standards and practices globally. We provide

risk management professionals the opportunity to exchange ideas and network at organized events such as

conferences, cocktails and seminars.