Calgary Energy Trading Desks
Currently in Calgary, looking to get into energy trading, preferably nat gas or crude. So far, this is my list of desks,
- BP
- Transalta
- Transcanada
- Trafigura
- Vitol
- J Aron
- JPM
- TD Energy
- CIBC Commodities
- RBC
- Suncor
- Shell
- EDF Trading
- Encana
- ConocoPhilips
- Mercuria Energy
anyone know additional ones?
TCR does not trade. Encana does not trade. Mercuria does not exist anymore.
Direct Energy, Tenaska, Twin Eagle, Husky Energy, Capital Power, Noble, Cargill.
Thanks for the fresh info Marcellus! Encana has a gas marketing team though, what happened to mercuria? their website still says they have a calgary office.
pm if you want answers to direct questions about places.
It's all about supply and demand -- so don't pigeon hole yourself into nat gas or crude. Either way, good job on the research. I don't know how the Calgary offices are at these shops, but let me know if you have questions about any physicals
What is the best way to get in with these firms? Apply online, recruiter, or third party placement?
Networking.
traders in calgary (Originally Posted: 12/27/2010)
*
plenty in calgary
In Calgary. Work on trading desk in NGL's and Crude.
It's cold...and this weekend is colder.
Banks/Marketers are the major players. I do not think imperial trades. Nexen is J Aron now.
Marcellus - You a Calgary guy ? Gas or Crude ?
Yup, natty.
BP is the biggest player in Calgary, although its top guys tend to leave for banks (the top trader at BP left for Goldman this summer). Shell would most likely be number 2 even though they seem to have stopped hiring. After that then you would have the banks like JPM, GS, TD, BarCap, DB, and others. JPM and J ARon have been expanding. JPM bought out Sempra and like Marcellus said J ARon bought out Nexen's trading book. I really don't know much about the Canadian banks but I know TD has a pretty big presence in Calgary.
You also have other oil & gas companies like Encana, Capital power and Transalta for power trading. These companies don't really do much speculation and therefore compensation is not as high as it would be in a bank.
Calgary has a decent size trading industry. It was a lot bigger back in 08' but it is starting to pick up again. Transalta for instance is has 7 positions open for power trading GS and JPM are both hiring for S&T summer interns..
Lastly, it seems like 80% of trading floors are on 4th Ave.
Since someone got the ball rolling I will continue, this is mainly for natty.
BP/Shell/Conoco are the major players, no real surprise there they all hold pipes to markets fed from wcsb. Direct/Enserco/Cargill would be next. Then as mentioned JPM/JAron are growing based on their acquisitions, so is EDF and Macquaire.
All the banks have a presence, they all like to trade financial aeco and dawn. They also are able to use their low financing and balance sheet to win at those points and structure things a marketer usually can not.
Tenaska has a big marketing arm, but does not really trade or take risk. Other shops include Chevron/Suncor/Husky.
BP has taken a big hit, like they have across all markets. Transalta/Powerex are revolving doors, always looking for new real-time power guys no one wants that gig. The rewards of trading power in AB/ON are not as great as the past.
trading power on the short term has become a few pops a year for pnl...
I am trading Gas and Oil for a European producer, thinking about moving to Calgary. Salaries here in Europe are higher from what I understand. The number of job openings here in Europe is much lower than it was last year - same in Calgary? Maybe someone from Calgary working in the industry has a good overview?
Energy Trading in Calgary (Originally Posted: 01/23/2018)
Which Canadian banks are trading physical gas and which ones are the best? Is there still a bank trading physical crude? Any color on the current state of physical oil/gas trading at banks/non-banks in Calgary is appreciated
also interested
Depends on what you mean “trading physical” all the Canadian banks trade phys but will flip/trade around any positions they may end up having. Most the banks (including us banks) do financial basis/hedging + reserve based lending and take care of FX exposure for producers.
TD prob has the biggest gas group + decent aeco option book.
Now if we are talking about taking out pipe and speculating phys molecules, I would say no Canadian banks are in it. However you said Calgary, so Goldman is big (their phys gas biz is based out of Calgary), Macquarie is the new Cargill.
If we are talking trading, their are the trade shops/merchants. Castleton, Mercuria, Shell (lol), BP, Transalta, Freepoint, EDF, Direct
Some marketers like Tenaska and Twin.
If you wanna start in trading you are better off at a Merchant than a bank imo.
This is all gas in Calgary obv. If you want to talk about other places we can but your just better off looking at Index of customers + google
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