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Oil, Gas & Energy Economics & Risk Management

Who should attend: 

Natural gas purchasers, analysts, traders, trade support staff, finance and auditing personnel. Wholesale/marketing companies, utilities, jobbers/home heating oil distributors, fuel purchasers, hedgers, marketers, end-users, trucking companies, and government agencies.
3 days
Course aims: 

To gain comprehensive exposure to energy risk management tools and strategies, macro and micro market fundamentals, margin preservation, key drivers, manufacturing and marketing, and cutting-edge purchasing techniques that drive success in the energy markets.

The course will also elaborate on the corporate policies, procedures, board resolutions, FASB 133 requirements, and checks and balances that would meet the most diligent auditor's requirements.
Course outline: 
  • Learn the unique steps you should take NOW to reduce price exposure, manage risk, and guard against price spikes.
  • Define your price/margin exposure.
  • Quantify hedge base percentage.
  • Review the structure of your supply contracts.
  • Assess the risk profile of your company.
  • Learn how to implement hedge strategy.
  • Establish your Corporate Risk Policy and obtain Board approval.
  • Establish an OTC account.
  • Design your risk management program.
  • Define the hedge objectives of your company.
  • Determine the appropriate hedge strategies for your company.
  • Develop daily marked to market.
  • Monitor and adjust your hedge strategy.