Ask Monty09 - Energy Trading careers, interviews, firms, etc etc
EN
Tags:
(Senior Neanderthal, 5,405
Points)
on 11/16/12 at 6:30am
Lot of energy posts popping up and would be happy to help..... few people on the site have a lot of energy exp but lets direct all questions to this post for a few days
Monty09






I guess I'll start. 1) What
I guess I'll start.
1) What distinguishes energy traders from say metals, softs, ags traders? (Personality-wise etc.. the product is obviously different)
2) Does the product you end up trading end up being luck of the draw? Trading crude sounds great, not to mention lucrative, but it seems impossible to break in without an extraordinary amount of luck. I picked crude because that is probably the most widely discussed, traded and liquid commodity in the world (excluding gold which really isn't applicable to this discussion).
Financial Modeling Training
Guide to Finance Interviews
1. The market can call them
1. The market can call them what they want and I could care less. Energy Trader is a term most people know and use
2. In many ways it is the luck of the draw. Depending on needs of business along with your skill set you could end up in a lot of different places. I know one person at my former shop got a trading seat simply because she spoke Spanish. They needed someone asap and she was only one in the group who spoke spanish. She was in a non trading role but moved over to trade
WSO Conf - June 29, 2013
What is your sense of the
What is your sense of the relative strengths/weaknesses of a career across different market players? I.e., an oil major, a trading firm (e.g., Trifigura/Vitol/Glencore), or a bank (Morgan Stanley, Goldman, even Citi, etc). My sense is that banks may be more likely to be more into paper than physical, but I also know that's certainly not the case for, say, Morgan Stanley.
"There are three ways to make a living in this business: be first, be smarter, or cheat."
do you think that
do you think that quantitative finance will eventually take over the physical side as well, just as how it has been widely successful on the paper side for the past decade and a half
Sandhurst: What is your sense
What is your sense of the relative strengths/weaknesses of a career across different market players? I.e., an oil major, a trading firm (e.g., Trifigura/Vitol/Glencore), or a bank (Morgan Stanley, Goldman, even Citi, etc). My sense is that banks may be more likely to be more into paper than physical, but I also know that's certainly not the case for, say, Morgan Stanley.
all are in the business of making money... when you have offers from each... pick what is best for you at that moment in your life
WSO Conf - June 29, 2013
wizpro: do you think that
do you think that quantitative finance will eventually take over the physical side as well, just as how it has been widely successful on the paper side for the past decade and a half
no
WSO Conf - June 29, 2013
monty09: Sandhurst: What is
What is your sense of the relative strengths/weaknesses of a career across different market players? I.e., an oil major, a trading firm (e.g., Trifigura/Vitol/Glencore), or a bank (Morgan Stanley, Goldman, even Citi, etc). My sense is that banks may be more likely to be more into paper than physical, but I also know that's certainly not the case for, say, Morgan Stanley.
all are in the business of making money... when you have offers from each... pick what is best for you at that moment in your life
Okay, fair enough. Which type of environment is more likely to foster/support developing one's trading acumen? Financial considerations and exit opportunities notwithstanding.
"There are three ways to make a living in this business: be first, be smarter, or cheat."
you do not have exit opts in
you do not have exit opts in trading.. your exit opt is to retire or start your own biz
WSO Conf - June 29, 2013
if you are looking for a
if you are looking for a "path" try corp finance
WSO Conf - June 29, 2013
Which one of the
Which one of the aforementioned environments, if any do you think is typically best at teaching you about how to trade physical? From what I have heard, generally the majors (or more generally, places which are producers as well as traders) are seen as the best breeding grounds because you get to know the details of how a power plant/refinery fits in the trading equation and the general supply chain as they are involved in almost every part of said supply chain which is pretty important for trading.
monty09: you do not have exit
you do not have exit opts in trading.. your exit opt is to retire or start your own biz
Can you explain why you think this is the case? Some of these traders who trade physical have a wealth of knowledge about the world, about markets, about the assets of different companies/countries....you would think that the exit opps would be vast and lucrative.
"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali
monty09: if you are looking
if you are looking for a "path" try corp finance
Okay. So my question was not about this.. I'm trying to get a sense for what the different players have to offer.
"There are three ways to make a living in this business: be first, be smarter, or cheat."
monty09: wizpro: do you
do you think that quantitative finance will eventually take over the physical side as well, just as how it has been widely successful on the paper side for the past decade and a half
no
why not?
thanks monty, homepaging this
thanks monty, homepaging this asap
WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.
2013 WSO Conference
quester: Which one of the
Which one of the aforementioned environments, if any do you think is typically best at teaching you about how to trade physical? From what I have heard, generally the majors (or more generally, places which are producers as well as traders) are seen as the best breeding grounds because you get to know the details of how a power plant/refinery fits in the trading equation and the general supply chain as they are involved in almost every part of said supply chain which is pretty important for trading.
everyone is different but I started at a bank
WSO Conf - June 29, 2013
wizpro: monty09: wizpro:
WSO Conf - June 29, 2013
expenseaccounts: monty09:
WSO Conf - June 29, 2013
pacman007: monty09: you do
WSO Conf - June 29, 2013
quester: Which one of the
WSO Conf - June 29, 2013
expenseaccounts: monty09:
WSO Conf - June 29, 2013
expenseaccounts, shut the
Hey Monty, you started at a
"All I've ever wanted was an honest week's pay for an honest day's work."
expenseaccounts: whatwhatwh
WSO Conf - June 29, 2013
Linfone: Hey Monty, you
WSO Conf - June 29, 2013
expenseaccounts: whatwhatwh
monty09: expenseaccounts:
proptrader14: expenseaccoun
WSO Conf - June 29, 2013
Do you think bankerella will
Tommy Too-toned: Do you think
WSO Conf - June 29, 2013
Monty, Do you think natural
Monty, I remember you
Also, do you think John
jimz: Also, do you think John
jimz: Also, do you think John
just wanted to drop in on
I guess I do have one more
expenseaccounts: monty09:
And I think it's gonna be a long, long, time
Monty has been very helpful..
"Don't quit. Suffer now and live the rest of your life as a Champion" - Muhammad Ali
pacman007: Monty has been
And I think it's gonna be a long, long, time
This is perfect! My question
Going Concern: hahahaha...so
Can you give us a play by
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. - Friedrich Nietzsche
monty09: expenseaccounts:
@16rl I think a better
Hiring seems to be getting
Financial Modeling Training
Guide to Finance Interviews
Monty, hope everything has
jimz: Monty, Do you think
WSO Conf - June 29, 2013
ReservoirEng: Monty, I
WSO Conf - June 29, 2013
jimz: Also, do you think John
WSO Conf - June 29, 2013
slim_ibd_shady: just wanted
WSO Conf - June 29, 2013