Gas Scheduler or Real-Time Trading
Hey guys,
I am currently looking to transition into physical energy trading, and I have a couple of questions for the people who are currently working in this industry. From most of the information that I have come across, scheduler or real-time trading seem to be good starting points. Given the current gas prices, I am not surprised at the lack of open positions that are currently available. I have a bachelors in finance and my work experience is mainly in credit analysis for an oil and gas service company. My questions are the following:
Given my background, how difficult will a transition be into these types of positions?
From the positions that I have come across, all of the positions require previous experience. What type of training is available or what can be done to overcome this obstacle?
With my background is there any other positions that may be an easier transition into energy trading?
Thanks in advance.
Thanks for the response Monty. I know that before these positions were considered entry level, why do you think this has changed?
cost of doing business is much higher now as is the credit risk of having none exp people in the seat. And it was never entry level you just had more firms in the game thus more jobs
Makes sense, that is why there was such a boom in hiring when gas prices were in the double digits.
you got it...
That will help you get into traffic/chartering, which is a good stepping stone for becoming a physical trader
Thanks for the info Contango. Do you have an idea of the availability of those types of jobs in Houston, I did a search on those types of jobs and didn't get many hits. I would suppose that Houston is good location for these types of jobs given the Port of Houston and the numerous refineries in the area.
Funnily enough , the single biggest chartering hub in the U.S. is connecticut (lots of physical traders and shipowners have offices there). NYC is also big..
There are currently 3 real time power trading openings in Calgary
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