When it comes to the price of oil, how low can you go?
Next Wednesday, PricewaterhouseCoopers LLP (PwC) will host a webinar titled, Fit for $50 oil: Is your company in shape? The Webcast will explore the dynamic levers impacting the current price of oil and how companies can stay afloat as prices continue to slip downward.
PwC’s Energy practice will be introducing their “stress test” that evaluates financial, operational, commercial, portfolio, and talent factors to reveal the indicators that signal the ability of a company to withstand a period of sustained low prices.
According to the company’s press release, the recent decline of crude value has spawned two realities for the energy market. “Commodity prices change and the energy industry is a cyclical business. When prices go down, companies are faced with different challenges and opportunities than the preferred $90+/bbl environment presents.”
Currently, oil prices are floating below $80 a barrel. PwC states that for oil and gas companies to understand success or failure in this environment requires an understanding of the factors that are critical to the health of an oil and gas company. PwC hopes that by having a strong grasp on these critical factors, companies can be ready for a $50 per barrel scenario.
One hour of Continuing Professional Education (CPE) credit will be offered to those individuals viewing the webcast live. A replay of the webcast will also be available for CPE credit after the live event. The webcast will take place on November 19, 2014, at 1pm CST. For more information and to register for the Webcast visit www.meetpwc.com/fitfor50webcast2014.
PricewaterhouseCoopers LLP provides assurance, tax and advisory services organizations and consultants worldwide. In the 2014 fiscal year, PwC firms provided services to 417 companies in the Fortune Global 500 and 462 in the FT Global 500. In 2014, Universum, a global company classification organization, ranked PwC the third most attractive employer in the world for business students. In related news, Low prices: Shale will suffer more than traditional oil.