Transition risk and credit ratings of O&G companies
This event is free to NCAC-USAEE members
A special request - please do not quote Mr. Speer without requesting his explicit permission. PowerPoint will be posted at NCAC-USAEE.
Energy transition raises new business risks for the oil and gas industry because it will affect how demand for its products evolves over the next 10-20 years. While these risks have not been the primary driver of specific rating actions to date, Moody’s expects the credit impact of energy transition to grow in importance in the medium term. This presentation will cover how energy transition informs Moody’s views on the industry, including National Oil companies, what it portends for oil prices, how it could affect access to and cost of capital, and how Moody’s assesses companies’ relative positioning for carbon transition risk.
Registration will close on the prior day, and registrants will receive a link with Zoom credentials. Members may access the PowerPoint afterward by logging into www.ncac-usaee.org with your credentials.
Pete Speer is a Senior Vice President in Moody’s Oil and Gas Team, covering a portfolio of investment grade and high yield energy companies. His portfolio includes integrated oil, exploration and production, drilling, oilfield services and midstream companies. He joined Moody’s in 2003 in the Accounting Specialists Group, working alongside energy rating analysts and helping them to assess the reliability and quality of issuers’ financial reporting and controls.
Before joining Moody’s, Pete was a senior manager in the national office of PricewaterhouseCoopers LLP. For two years he consulted with audit engagement teams on a variety of complex financial accounting and reporting issues. Prior to his assignment in the national office, Pete was resident in the Houston office and served as the audit engagement senior manager for several multi-national energy industry clients.
Pete is a Certified Public Accountant and is licensed in Texas and Michigan. Pete graduated from the University of Michigan with a Bachelor of Business Administration.
Rita Beale, NCAC-USAEE President, will host the discussion.
Non-members can join for $35, also entitling participation in NCAC-USAEE for all of 2021. Sign up for membership at: https://www.ncac-usaee.org/membership
Save the Dates: February 10 at 630-815 pm - virtual Annual NCAC-USAEE Dinner with Mark Mills of the Manhattan Institute speaking on Global Demand for Critical Minerals - Key to "Energy Transition".
At noon eastern on February 17, NCAC members will hear from Adam Sieminski, President of King Abdullah Petroleum Studies & Research Center, former administrator of US EIA, and former NCAC-USAEE President, on The Role of Circular Carbon Economy.