Opportune’s goal is to improve our clients’ business by enhancing processes, systems, people and organizations and supporting ongoing needs. Opportune can help clients navigate complex areas such as the financial reporting and tax impact of proposed transactions, new and changing FASB/SEC guidance and company risk management policies.
Opportune has significant experience with current energy industry practices to assist clients in the following:
Quarterly & Annual SEC Reporting
- Preparation and review of SEC filings
- PDrafting management discussion and analysis (MD&A) and footnotes
- PTechnical advisory on new reporting requirements
- PResponses to SEC comment letters
- PAsset retirement obligations (ARO)
- PSupplemental oil and gas disclosures (SMOG)
- PUS GAAP to IFRS conversion
Development of Reporting Policies, Processes & Systems
- Operational and financial reporting
- Systems integration
- Data management
Consolidation & Variable Interest Entities (VIE)
- Review of proposed business structures
- Identification of VIEs
- Determination of the primary beneficiary
- Consolidations
Debt/Equity with Conversion & Other Embedded Options
- Distinguishing liabilities from equity mezzanine financing
- Reporting for redemption options and make-whole features
- Reporting and valuations for conversion options
- Allocation of proceeds across multiple instruments
Carve-Out Financial Statements
- Identification of the carve-out entity and operations
- Inclusion of assets and liabilities, including derivatives and pushdown of debt
- Allocation of income and expenses, such as share-based compensation, derivatives and income taxes
- Impairment analyses
Derivative Instruments & Hedging Activities
- Customized hedging strategies for achieving the client’s risk management goals
- Developing reporting and risk management policies
- Implementing hedge designations and documentation