Introduction to Energy Trading and Hedging - PEICE

Venue: Houston

Location: Houston, United States

Event Date/Time: Sep 12, 2011 End Date/Time: Sep 13, 2011
Registration Date: Sep 12, 2011
Early Registration Date: Sep 12, 2011
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Description

Course Information:



Overview

This two-day course is designed for professionals wishing to obtain a practical understanding of the basic energy derivative structures that are used in trading, marketing and risk management today. An emphasis is placed on understanding how financial tools are added to physical market components to manage the risk faced by both energy users and suppliers. Participants are requested to bring calculators preferably with the natural exponent function to the course.



A complete set of course materials and lunches are included.



Outline

Introduction

Energy Sector Risks (Physical, Financial, Basis, Performance, Cross-Commodity)

Natural Gas Index Pricing

Crude Oil Pricing

Understanding the Forward Curve

Energy Forward Curve Behavior :Backwardation/Contango/Cyclicality

Basic Hedging Instruments - Futures Contracts and Forwards

Basic Hedging Instruments - Fixed-for-Float (Fixed) Price Swap & Basis Swaps

Futures Versus Forwards Versus Swaps

Transforming Risks using Derivatives

Basic Risk Reporting - Position Reports and Mark-to-Market Reports

Basic Risk Reporting - Profit/Loss Reports and Value at Risk Reports

Managing & Controlling Risk Reports



Instructor(s): Detlef Hallermann

Detlef Hallermann earned an M.S. and a Ph.D. from the Colorado School of Mines, an MBA from the University of Denver, and a B.S. in Petroleum Engineering from Texas A&M University. He is currently Program Leader for the Reliant Energy Trade Center at Texas A&M University, and an Adjunct Professor for Rice University involved in their Continuing Education Programs. Dr. Hallermann has created programs related to almost all aspects of front and mid-office responsibilities for energy trading. He is well versed in oil and gas acquisitions, energy trading and risk management. Detlef enjoys hunting, tennis and horseback riding, but his two greatest passions in life are his wife and daughter.



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Venue

Additional Information

Delivery Method: Classroom Training
Fee: $ 1795 USD
Location Houston, TX

CEU: 1.6 Continuing Education Units
PDH: 16 Professional Development Hours

Types