Analysis, Strategizing and Access to Capital
Transcription
Analysis, Strategizing and Access to Capital
Analysis, Strategizing and Access to Capital In 2015, the falling price of oil is still the biggest energy story in the world. As oil prices drop, producers will undoubtedly renegotiate expensive oil service contracts, make changes to their workforce and bring their costs in line with the depressed price for crude. However, the demand for oil remains strong, which should provide an adequate floor for producers in the long run, but only after finances are held in order. Capital is still required to do business, and is increasingly a strategy to support their business during cyclical oil price drops. M&A’s remain, and will continue to remain resilient as companies grapple with increased cost and margin pressures, whilst businesses will become increasingly selective when it comes to transactions. According to Ernst and Young, the outlook is positive, ‘Oil and gas companies around the world are grappling with how to generate returns and improve costs in the current environment of falling oil prices. The price of oil may dip further in the absence of short‐term changes to the global oil balance, but we expect the market to strengthen and transaction activity to increase by the latter half of 2015. Improved prices won't be enough to sustain success. Managing the structural shift underway in today's oil and gas sector requires financial, operational and portfolio resilience’. Held in conjunction with the Global Petroleum Show (GPS), the International Energy Capital Forum (IECF) will analyse the current market situation in relation to production costs and oil prices, strategize the best practices in order to remain ahead of the curve and realise access to capital in order to get the most business growth in 2015. Bringing together financial institutions, operators, EPC specialists, venture capitalists and companies seeking and offering capital funds, this must‐attend event will explore the key areas which will require further commitment and investment. Held at the Hyatt Ballroom on June 10 2015, immediately following the Energy Leaders Breakfast, IECF will address the biggest news to hit the oil industry in a decade, address the challenges, make the most of the opportunities and navigate the capital and investment maze for the next 12 months and beyond. 1 Analysis, Strategizing and Access to Capital IECF 2015 Advisory Board Monica Rovers, Head of Business Development – Global Energy, TSX Lorraine Walker, Partner, BDO Shane Clancy, Investment Officer, IFC David Robinson, Managing Director, Diversecure Corporation James Liddell, SVP, United Overseas Bank Clark Grue, President, Rainmaker Global Solutions Anthony Aulicinio, Director, Investment Banking, Scotia Bank Max Fawcett, Editor, Alberta Oil Khalid Hansraj, Manager, Business Development, Innovate Calgary Draft Agenda (Confidential and Subject to Change) 10:30 Access to Capital during an Oil Price Trough Moderator: Max Fawcett, Editor, Alberta Oil Peter Terzakian, Chief Energy Economist and Managing Director, Arc Financial George Coon, Regional Director, Northern Alberta, First West Capital An in depth analysis of global oil commodity and production costs - How long will oil prices remain below $60/barrel? - A market forecast for the next 12 months? Considering the Alberta oil sector in an international context - Examining the impact on investment from lenders and financial institutions - To what extent is this a problem of low commodity prices, high unconventional oil and oil sand production costs/unit of oil? - To what degree will investment flow to enterprises demonstrating improved production costs by adopting new technologies? 2 Analysis, Strategizing and Access to Capital 11:45 Global Capital Market Update with TSX Monica Rovers, Head of Global Business Development, TSX 12:00 Lunch and Networking and World Oil Forecast Kurt Abraham, Executive Editor, World Oil Magazine 1:00 Industry Situational Analysis & Projected Financial Impacts: Low Oil Commodity Price, High Costs of Production Moderator: Josh Managing Director, Rainmaker Global Solutions Khalid Hansraj, Manager, Business Development, Innovate Calgary Financing operating equipment assets - Exploring whether asset based lease financing for energy sector equipment for service companies is the way forward Investment for infrastructure projects - Investigating whether investment by EPCs in energy production infrastructure projects in exchange for attractive contractor margins is the best practice What are equity investor’s focus in 2015 and beyond: - Exploration and drilling side services? - Existing production simulation/improved services/retrofitting and EOR - Environmental services 3 Analysis, Strategizing and Access to Capital 2:00 Transactions: M&A and Investment Attraction Strategies for Production, Services & Environmental Enterprises John Gorman, Area Vice President, Halliburton Tony Aulicinio, Director, Investment Banking, Scotia Bank Examining M&A interest by foreign capital sources seeking value for money Acquiring low priced North American reserves combined with international investment risk diversification in a stable political location with viable currency International examples of recent mergers and acquisitions and what can we learn 3:00 3:30 Coffee & Refreshment Break Innovative Financing Tactics: Alternative Approaches & Sources of Capital Using international capital structures to grow your business in a tough economic climate - What specialized conditions are there for North American investment structures to attract capital from international sources that require Sharia compliance Foreign Oil and Gas Investment Trusts - To what extent are these useful as permitted investment trust distribution vehicles? 4:30 Forum Closes and Cocktail Reception 4