Energy/Electricity Hedging, Trading, Futures, Options & Derivatives Seminar

This seminar is the energy & electric power industry's most comprehensive two-day training program on this topic.

This proven program is for professionals who are looking for a comprehensive and clearly explained understanding of natural gas, oil and electricity financial instruments, the markets they trade in, and how these powerful tools can be used to manage risk and structure profitable transactions.

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What You Will Learn

1. How to use futures contracts, options, swaps, trigger deals and EFPs to protect your company from natural gas, oil and electricity price risk.
2. How physical and cash settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.
3. How the CME-NYMEX and ICE Futures & options markets operate, and how electronic marketplaces and electronic futures exchanges such as ICE, CME Globex, and CME Clearport Services work.
4. How "margining" works with the Futures Exchange, its cash management impacts, and the role of the Clearinghouse.
5. What the difference is between an FCM, OTC broker, trader, market-maker and energy/power marketer.
6. How buyers and sellers can use natural gas futures and options to create price hedges, price caps, price floors, and "no-cost" collars to manage natural gas, electricity, oil, and petroleum products price risk.
7. What basis risk is, and how basis and delivery risk can destroy your hedging program.
8. How to structure profitable energy and electric power transactions without exposure to price risk, and what "trading around assets" means.
9. A summary of industry clearing procedures and transaction contract language.
10. The difference between brokers, traders, dealers, market-makers, marketers, and wholesale energy merchants.
11. How electricity futures and derivatives are impacting the forward electric power markets.
12. How to structure profitable energy, electric power, and petroleum transactions; financially create energy assets; financially turn one commodity into another; and how to make money by buying valuable options from your customers and suppliers for low prices.
13. Why "Extendible" deals are so profitable, and what "trading around assets" means.

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You Will Also Learn

1. The fundamentals of basis trading, spread trading, structured transactions, and EFPs.
2. How heat-rate-linked power transactions can effectively convert natural gas futures, options, swaps and other financial instruments into powerful electric power hedging instruments and financial derivatives.
3. The Master Energy Trading/Hedging Equation, and why trading energy is different from trading financial products and other commodities.
4. The fundamentals of energy and electricity options, the implications of high energy price volatility, and why energy and electric power assets are really valuable Call options in disguise.
5. How to hedge energy price risk with CME-NYMEX options contracts.
6. How to calculate annualized volatility, the fundamentals of pricing options and why the Black Scholes model doesn't work for pricing energy and electricity options.
7. The put-call option parity equation, synthetic option positions, and how to delta hedge.
8. What Tolling Deals, Asset Optionality, and the petroleum industry "Carry Trades" are, and how they work.
9. How the electricity financial markets interact the ISO Day-Ahead Energy Auction markets, and how these two separate worlds support each other.
10. What the terms "Contango" and "Backwardation" mean.

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Your Instructor

John Adamiak
John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.

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