Natural Gas S&D Model And Other Factors - Practice
I will be interning for a supermajor in a front office role doing analysis on natural gas. Does anyone have any recommendations as to how to best go about practicing S&D models? Obviously EIA data is available, but does anyone know of any more granular data that is free to access? Also what other factors should I be looking into to assess the state of natural gas besides traditional things such as weather, storage, flows, etc. Maybe any books to recommend as well? Thanks.
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Do not slight the EIA, it is the holy grail. If you can learn how EIA tracks, creates and maintains data you will be way ahead of anyone else. Many people rely learning on vendor models, or their bosses models. Then many years later go back and learn how it actually works.
“Trading Natural Gas” by Fletcher J Sturm
Marcellus had a great answer. I would add that developing a strong grasp of seasonality in pricing can be quite helpful. This is especially important when thinking about spreads. Not sure what your current access to pricing data looks like, but studying term structure should help give you the tools necessary to determine when a portion of the curve feels rich or cheap.
Also, as always, skill yourself as best you can. Brush up on your excel. Be as strong in python as possible. Reinforce other technical skills you may have like SQL
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