Agenda

9:00 - 2:00

Postponed - Calgary, AB

Day 1 - Postponed

CCRO Meeting – Members and Invited Guests

1:00 – 1:30

General Registration Opens

1:30 - 2:00

Opening Presentation: 

How has the risk management role changed since the COVID-19 outbreak?  How should we adapt going forward?

2:00 - 3:15

Session 1:  Evolution of Canada’s energy markets

  • Market outlook and emerging risks:  What is the outlook for oil and gas production, as well as the outlook for pipeline expansion?  How has this impacted the value of Western Canada Select (WCS)? What is Canada’s role in the global energy mix?

  • Investment in energy:  How are investors viewing traditional energy assets vs. renewable energy assets?  How heavily does a company’s transition plan from traditional to clean energy weigh into investment decisions, as well as their ability to use clean technology in traditional operations?
    Canadian Pension Fund

  • Impact of GHG regulations:  Managing risk between federal and provincial regulatory mandates.  How are provincial programs changing? How is carbon being priced and how might Alberta’s program potentially link to other regional Canadian markets or even global markets?  How might these regulations ripple down to the retailer level? Update on California carbon markets and how changes impact linked markets in Canada.

3:15 - 3:45

Networking Break

3:15 - 3:45

Presentation:  Risk management challenges associated with government intervention into the oil market:  Issues to be discussed include:

  • Railcars leased under the former Alberta government cancelled under the current Alberta government.

  • Production quotas introduced by the former Alberta government and maintained by the current Alberta government

  • Pipeline and major project (Frontier, Kitimat LNG, Site C hydroelectric, etc.) approval processes and completion issues

3:45 - 5:00

Session 2:  Environment, social, and governance (ESG) risk in the energy industry

  • Energy as the new tobacco industry

  • Impact of dis-investment by hedge funds, institutions and individual investors

  • Social license seems close to unobtainable

  • Nova Coronavirus impact on energy markets, and lessons learned from past epidemics

5:00 - 6:00

Reception

6:30

CCR0 / Speaker dinner

Session 3: (Panel discussion) Risk modelling in Canadian markets

9:00 - 10:00

Day 2 - Postponed

Latest trends in risk modeling and stress testing.  Quantitative vs. fundamental risk modeling. Managing risk in complex portfolios.  

10:00 - 10:30

Presentation:  Credit exposure:

Looking at potential future exposure for credit, as many producers are on the verge of bankruptcy.  Do we have a credit instrument in place for those?

10:30- 11:00

Break

11:00- 12:30

Session 4:  Canadian power markets

  • Changes to Ontario market design / The Market Renewal Program.  What is the path forward?  Will other provinces follow suit? 

  • Hedging congestion between the US and Canada

  • Managing ISO credit default risk:  Review of CCRO technical white paper

  • Virtual PPAs:  The pace of development of new sources of power -- especially renewables -- depends on power price certainty.  Power Purchase Agreements (PPAs) have facilitated development, but are limited by physical constraints on production, transportation, and load.  Developers can mitigate price risk via financial contract as well, including swap agreements and virtual PPAs.  Utilizing financial contracts broadens their reach to a wider universe of potential buyers.

12:30 - 2:00

Lunch

2:00 - 2:30

Presentation:  LNG market risk

2:30- 3:30

Session 5:  Digital transformation and risk

  • Transforming the digital platform for trading and risk management:  How do you build an organization that can transform your digital processes across front middle and back office? What are the best use cases and the value drivers for automation and analytics? How are issues around data monitored and protected? 

  • Algorithmic trading as a source of risk: Modelling risks to ensure it won’t crash your company or entire market.  Understanding how algo trading will evolve and adapting your planning. How do companies identify and assign areas of responsibility?  How do you switch it off when it starts burning the house down?

3:30 - 4:00

Networking Break

4:00 - 5:00

Session 6 (Panel Discussion): ERM practices at energy companies

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