N604 Introduction to Energy Trading and Hedging
N604 Introduction to Energy Trading and Hedging
This 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.
This is a two-day classroom course that comprises lectures illustrated with numerous real-world examples, class discussion and exercises. Participants will earn 1.6 CEUs (Continuing Education Credits) or 16 PDHs (Professional Development Hours). Participants are requested to bring laptops. Course material, including exercises, will be provided via memory stick.
Participants will learn to:
Day One
Day One is designed to be a starting point for all participants. We focus on the market mechanics and general behavior of the physical and financial commodity markets.
Topics covered include:
Day Two
Day Two is designed to get into greater detail regarding the various hedge instruments and reporting these instruments’s effectiveness.
The course is designed for three categories of professionals:
Analysts / Back Office professionals in the Energy Markets: This class is well suited for young professionals that are learning the fundamental skills required on the trade floor or acting as an analyst in the front-office, mid-office and back-office functions of the trade floor.
Petroleum Professionals interested in understanding the energy markets: This class fills in the gaps for the petroleum (exploitation) engineer or geologist that has an understanding of the mechanics of producing oil and natural gas, but would like to understand the mechanics of the markets that transport and sell the crude/natural gas to the refineries and consumers.
Accounting and finance professionals that use information from the trade floor: This class provides the accounting and finance professional that works with planning and budgets an understanding of what happens on the trade floor, how the numbers in the risk reports are derived and an understanding of how a proper hedging strategy complements the corporate goals.
There are no prerequites for this course. Related courses include N014 (Petroleum Economics and Risk Analysis) and N603 (Fundamentals of Oil and Gas Property Acquisition and Finance),
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Background
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, and is well versed in oil and gas acquisitions, energy trading, and risk management.
Affiliations and Accreditation
MSc & PhD Colorado School of Mines - Mineral Economics
MBA University of Denver - Finance
BSc Texas A&M University - Petroleum Engineering
Courses Taught
N604: Introduction to Energy Trading and Hedging
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