#015- How Derivatives Can Protect You In A Volatile Market with Doug Reeb
In today’s episode, Tom and Phil are joined by Doug Reeb, Partner at Plante Moran. They discuss the ways that derivatives and hedging can protect your assets in the current economy. Doug explains how 2020 was a great example of why having that protection is so important in the industry, and also some of the pitfalls that we may see moving into this new year due to the new administration and the uncertainty that we still face due to COVID 19.
01:29 Derivatives and hedging
04:35 What is a derivative and how does it help you?
08:11 How 2020 showed us the importance of derivatives
20:54 Types of derivative instruments we may see moving forward
29:33 Significant risks that could show up on 2020 financial statements
33:59 What would happen if our big financial institutions became unable to operate
36:17 The effect of a new administration on derivatives
About Doug Reeb:
As one of the firm’s more experienced oil and gas audit partners, Doug represents many high-profile oil and gas clients and local industry organizations. Most of his clients are private equity-owned, upstream oil and gas entities with assets primarily within the United States. He is also involved in SEC engagements for oil and gas and mining companies. In addition to his audit responsibilities, he also provides financial advisory services, specializing in technical accounting to non-attest clients. Previously, Doug led the energy accounting solutions (outsourced oil and gas accounting) and currently leads the oil and gas audit practices.He belongs to the AICPA and the Colorado Society of CPAs (COCPA), and has participated as a speaker and/or moderator at several AICPA Oil and Gas Conferences, as well as the COCPA’s annual SEC conferences.Doug is involved, or has been active in many professional organizations including the Denver Petroleum Club, treasurer; the Colorado Oil and Gas Association, finance committee member; the Western Energy Alliance, board of advisors; the Anchor Center for Blind Children, treasurer; the Tennyson Center for Children, board member; and the Family Star Montessori, board member.
He received my accounting degree from the University of Colorado Boulder and my master’s degree in finance from the University of Denver
Connect with Doug:
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