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Permanent link (DOI): https://doi.org/10.7939/R3J678X4W

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Hedging Alberta Government's Oil and Gas Revenue: Is Acting Like a Farmer a Viable Strategy? Open Access

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Author or creator
Hotz, Joffre
Unterschultz, Jim
Additional contributors
Subject/Keyword
risk hedging
government hedging
Type of item
Report
Language
English
Place
Canada, Alberta
Time
1995/2004
Description
The provincial government of Alberta in Canada experiences a significant annual revenue variability arising from changes in crude oil and natural gas prices. This research evaluated whether Alberta's non-renewable revenue risk could be managed using a derivatives hedging program. Results from a historical hedging simulation approach suggested that such a program would not have been the most effective method of managing revenue risk over the period of 1995-96 to 2003-04. Total impacts of hedging would have varied from Can-$8 Billion to Can $6 Billion over this time period. These results suggest the Alberta government explore alternative methods to manage non-renewable resource revenue risk.
Date created
2009
DOI
doi:10.7939/R3J678X4W
License information
Creative Commons Attribution-Non-Commercial-No Derivatives 3.0 Unported
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