In two dynamic, information-packed days, you'll develop a solid foundation in energy trading and hedging as you examine all of the instruments, tools and techniques available to the energy trader today. You'll explore the nuances and quirks specific to the energy markets, understand the risks and rewards across sectors and develop a macro view designed to improve your timing and help you develop a successful trading program.
This course is designed to help individuals at all levels of companies with energy exposure to cope in the quickly evolving world of energy risk management.
This course is delivered through our training partner The Energy Management Institute (EMI)
Who Should Attend
This course is applicable to all levels of the energy infrastructure, oil, natural gas, electricity and energy professionals from the following organizations would highly benefit from this course: Wholesale/marketing companies, jobbers/home heating oil distributors, major oil, NG and independent (including marketers, supply and distribution personnel, exchange personnel, terminal managers, and risk managers), wholesale and commercial managers, government agencies (Federal, State, and Municipal), transportation companies (gasoline and diesel powered fleets), and utilities.
Topics covered include:
- The basics and fundamentals of energy trading.
- Energy market structure.
- Market participants.
- The intertwined relationship of fundamentals and futures.
- Technical and fundamental analysis; how and when to combine the two.
- Market behavior.
- System development and testing.
- Real time trading examples for all products in the energy infrastructure using the various technical tools and techniques.
- What the various energy trading and risk management instruments, tools and techniques are, and how they work.
- Getting started in hedging energy.
- Governance and controls to successfully integrate a program into your company's operation.
- How to value the risk and periodically assess the success of the program.
- How to manage a hedge program using a non-discretionary model approach.
- Risk measurement.
- Defining your price/margin exposure.
- Quantifying the volume of energy.
- The myths and what companies are really doing to protect margins.
- Reviewing the structure of your supply contracts.
- Assessing the risk profile of your company.
- Establishing your corporate risk policy.
- Obtaining board approval of your risk policy.
- Designating individual(s) responsible for hedging.
- How to establishing a futures account.
- Establishing an OTC account.
- Designing a risk management program.
- Defining the hedge objectives of your company.
- Determining the appropriate hedge strategies for your company.
- Understanding the daily Marked to Market.
- Monitoring and adjusting your hedge strategy.