ENERGY STRATEGY & FINANCE PROGRAM PUTTING KNOWLEDGE TO WORK

ENERGY STRATEGY & FINANCE PROGRAM PUTTING KNOWLEDGE TO WORK

We re pleased to be working with the University of Alberta to help energy professionals enhance their business acumen, with leading faculty delivering content tailored to this industry. The McCombs School of Business at The University of Texas, and Executive Education at the University of Alberta have initiated a partnership to serve leaders seeking a competitive edge in the ever-evolving, global context of the industry. The Strategy and Certificate is newly developed and encourages participants to challenge modern perspectives, as well as gain relevant, practical knowledge from world-leading academics, local industry experts and prominent guest speakers. DR. GAYLEN PAULSON ASSOCIATE DEAN & DIRECTOR TEXAS EXECUTIVE EDUCATION Building on Alberta s global expertise and strong networks, the Alberta School of Business places significant value on collaborative learning, as highlighted through the launch of our new Strategy & certificate, delivered with The University of Texas at Austin, McCombs School of Business. We are proud to align our teaching and research to shape energy markets, build sustainable growth and bolster transformational governance, three constructs that are essential to international corporate leaders and policy makers. DR. JOSEPH DOUCET STANLEY A. MILNER PROFESSOR AND DEAN ALBERTA SCHOOL OF BUSINESS UNIVERSITY OF ALBERTA IS THIS PROGRAM FOR YOU? You are responsible for enhancing long-term strategy while demonstrating a commitment to organizational growth within an ever-changing environment. You are interested in strengthening the productivity and financial literacy of your team while improving your interpersonal skills to build stronger alliances. You are a service provider or supplier who could benefit from the depth of research and communication tools applied within this certificate. PROGRAM HIGHLIGHTS Graduate with a dual Executive Education Certificate from The University of Texas and the University of Alberta, highlighting an academic partnership serving a global business environment. Gain insights from award-winning faculty in their respected fields, contributing innovative research specific to the demands faced by your team. Connect with professional counterparts facing similar challenges on an international scale in their own backyard, where their economy is tied directly to the energy industry. Opt for the flexibility to complete one module per year and graduate with the full certificate over the period of two years.

AUSTIN, TEXAS AT&T Executive Education and Conference Center CANMORE, ALBERTA Silvertip Resort Strategic Sourcing & Risk Management Module Austin, Texas AT&T Executive Education and Conference Center, McCombs School of Business Markets & Valuation Module Canmore, Alberta Silvertip Resort, Alberta School of Business THE POLITICAL ECONOMY OF ENERGY This session covers the geopolitics of global energy markets. We start by examining the case for the continued dominance of hydrocarbons as an energy source for the near future. Other sources of energy, both renewables as well as those involving newer technologies such as fracking, will also be examined in the context of carbon management, environment regulation, climate change, and national security. Economics and politics of energy transmission, such as oil pipelines and electricity grids will be discussed to conclude with the evolving nature of national energy policies. ENERGY FINANCE This session provides participants with an in-depth understanding of energy finance by addressing three areas within an energy context: pricing, asset valuation, and risk management. The program begins by placing energy markets in the context of global financial markets, and analyzing their subsequent reactions. DECISION MAKING & RISK MANAGEMENT This session presents relevant approaches for modeling decisions and uncertainties that arise in the context of oil and gas project management. These risks include those associated with estimates of hydrocarbon reserves and recovery rates, as well as the economic risks related to investment costs and oil prices. MANAGING EXTERNAL STAKEHOLDER RELATIONSHIPS This session examines the management of ethical, legal, political and cultural risks (and opportunities) associated with developing energy projects in emerging markets, including upstream and downstream oil and gas investments. We will focus on companies social responsibility efforts, the management of relationships with external stakeholders, and how politics, culture and law structure companies relationships with governments and other stakeholders in emerging markets. ENERGY MARKETS & INVESTMENTS This session concentrates on the financial evaluation of major energy investments. During this session, potential investments in oil sands production, oilsands upgrading, new and retrofit refineries, and renewable energy will be discussed. For each project type, the key value proposition will be examined and a financial case for the investment will be developed. MANAGING THE PETROLEUM SUPPLY CHAIN This interactive session will examine the trends and issues relating to the petroleum supply chain and how this area may be improved. The discussion of petroleum supply chain management will be supplemented by a short case study designed to illustrate the interplay between various production and market factors in the management of a petroleum supply chain. BUSINESS VALUATION This session walks participants through the valuation tools and techniques used to estimate enterprise values and large-scale investments in power plants, refineries, and oil and gas development projects. The majority of the class features hands-on exercises using Excel and other add-in packages with the goal to gain modelbuilding and interpretation skills and become an intelligent consumer of models encountered when valuing projects and companies. MERGERS, ACQUISITIONS & CORPORATE GOVERNANCE The financial and economic aspects of corporate mergers, restructuring, downsizing and bankruptcy will be examined. Relations between corporate structure and performance will be investigated along with potential market inefficiencies. Specific attention will be paid to the roles of top management and boards of directors to examine best practices within a corporate governance structure. Register online at www.mccombs.utexas.edu/execed or call 512-232-6711 Register online at www.mccombs.utexas.edu/execed or call 512-232-6711

ENERGY STRATEGY & FINANCE CERTIFICATE ENERGY STRATEGY & FINANCE CERTIFICATE STRATEGIC ENERGY SOURCING & RISK MANAGEMENT MODULE Program Dates at McCombs School of Business, Austin, Texas ENERGY MARKETS & VALUATION MODULE Program Dates at Alberta School of Business, Canmore, Alberta DATE/ TIME MONDAY, MAY 12 TUESDAY, MAY 13 WEDNESDAY, MAY 14 THURSDAY, MAY 15 FRIDAY, MAY 16 DATE/ TIME MONDAY, SEPTEMBER 8 TUESDAY, SEPTEMBER 9 WEDNESDAY, SEPTEMBER 10 THURSDAY, SEPTEMBER 11 FRIDAY, SEPTEMBER 12 AM PM Managing External Stakeholder Relationships Christopher Meakin The Political Economy of Dr. Joseph Doucet The Political Economy of Dr. Joseph Doucet Managing External Stakeholder Relationships Christopher Meakin Decision Making & Risk Management Dr. Jim Dyer Decision Making & Risk Management Dr. Jim Dyer 12noon Graduation Lunch AM PM Markets & Investments Dr. Andrew Leach Managing the Petroleum Supply Chain Dr. Edy Wong Business Valuation Dr. John C. Butler Mergers, Acquisitions & Corporate Governance Dr. Randall Morck Mergers, Acquisitions & Corporate Governance Dr. Randall Morck 12noon Graduation Lunch EVENING Opening Welcome with McCombs Leadership team EVENING Opening Welcome with Alberta Leadership team PROGRAM DETAILS Time: Monday - Friday, 8:30 am 4:00 pm, with an additional evening Reception on Monday evening. Locations: UT-Austin Module AT&T Executive Education and Conference Center, McCombs School of Business (Austin, Texas) Alberta Module Silvertip Resort, Alberta School of Business (Canmore, Alberta) Cost: Full Certificate: $11,000; Individual Module: $5,500 Fees include course delivery, all program materials, breakfast, lunch and refreshments Pre-course materials will be sent via email (where applicable) prior to each session start date. REGISTRATION AND PAYMENT Payment is due prior to the commencement of the program. Acceptable methods of payment include: credit card (MasterCard, American Express or Visa), purchase order/invoice to the organization, or check made payable to The University of Texas at Austin. If you choose invoice as your payment option, please be advised that we require a purchase order or letter of authorization from your organization to accompany actual payment. REGISTRATION OPTIONS Online: www.mccombs.utexas.edu/execed By phone: 512-232-6711 By fax: 512-471-0853 TRANSFER & CANCELLATION POLICY Notification of transfer or cancellation from the program must be received in writing via email at least three full weeks (21 calendar days) prior to the program start date. More than 21 calendar days prior to program start Transfer: No transfer fee. Cancellation: Full refund of Between 21 and 5 calendar days prior to program start Transfer: $200 transfer fee. Cancellation: 50% refund of Within 5 calendar days of program start Transfer: $200 transfer fee. No transfers allowed after program start date. Cancellation: No refund of For More Information, please contact Lynn Slattery: lynn.slattery@mccombs.utexas.edu, or 512-232-9462

McCOMBS SCHOOL OF BUSINESS EXECUTIVE EDUCATION When you enroll in a Texas Executive Education program, you acquire effective solutions to your business challenges and transform your thinking on key business issues. You can also look forward to an invigorating atmosphere with inviting views of Austin and the university to put you in the right state of mind. At our AT&T Executive Education and Conference Center, you will build your business acumen while enjoying the comforts of four-star quality accommodations. Being on campus affords you greater access to the University s vast resources and community as well as more opportunities to interact with other senior executives during your leadership development experience. ALBERTA SCHOOL OF BUSINESS EXECUTIVE EDUCATION Executive Education is one of the four pillars of the Alberta School of Business. As the School s professional development provider, we serve clients across all industries and in the public sector. With over 60 programs offered and serving over 6000 registrants per year, we continue to work toward becoming the leading executive education source in Canada. As Alberta s premier broker of intellectual capital, we focus on providing education solutions that enable today s business leaders in government, publicly traded companies, and privately held organizations to lead change and increase organizational performance. www.mccombs.utexas.edu/execed www.executiveeducation.ca While every effort is made to ensure the accuracy of the information contained within this material, program dates, content, and instructors are subject to change. Apr 2014