2015 Canada Agenda

Energy Market Perspectives

- US shale oil and gas
- US natural gas market perspectives
- Global oil perspectives

The Upcoming Winter and Future Overall Ideas Based on Past Patterns

- Preview of the coming 2015-2016 winter.
- Review factors leading to Joe's North American and Global ideas on the winter.
- Looking ahead at the coming years and decades, based on overall climate cycles.

Reduced to just 34 seats in the 2011 federal election, the Liberal Party of Canada under its new leader, Justin Trudeau, secured a stunning 184 seat majority in the election held on October 19, 2015. The next four years of Liberal government will see a major shift in both policy development and direction, notably with respect to energy. Political consultant ‎and strategist Charles Bird will provide an overview of the 2015 federal election, recent developments at the provincial level, and an analysis of what these developments mean for energy stakeholders.

Our gas buyer panelists will give you valuable insight into what is currently working, what they have learned, and what they will do differently next time. Discussion questions to include:

1. Are customers switching to natural gas from alternate fuels, or to alternate fuels from natural
gas?

2. How did the adverse weather and curtailments affect your purchasing strategies?
- How will this winter impact your purchasing going forward?
- Do you plan on using more or less long-term supply contracts vs. long-term
hedging agreements? Will they start to make a comeback after this winter?

3. How do the increasing shale supplies affect your gas purchasing and contracting
practices?
- Did shale help to mitigate what might have been an even more volatile winter
season?
- Is the new transport enough to meet the new demands of the province?

4. With the increase in renewable generation, how is that impacting your company?

5. Will we see LNG exports from North America?

6. Have you seen an impact from new natural gas demand for vehicle fueling (CNG/ propane)?

7. Given the current state of storage inventory, have you adjusted your storage-injection plan? Do
you think the industry will fill storage to levels required for the next heating season?

8. How predictable is your gas consumption?

9. What factors, other than price, influence your decision to choose one supplier over another?