Power vs Nat Gas for Starting out
Hey there,
Will be joining a physical commodity shop for this summer. Given the choice between a power or nat. gas desk, which one would be a better place to start?
Thanks!
What markets?
PJM, ISONE, NYISO.
Can offer somewhat helpful advice given I'm on a Ng desk for my internship. Since it's a physical shop I would elect to choose gas given the future of the industry, though I am biased obviously. I think from a fundamental perspective you will have a more enveloping experience by starting out in Ng as it is heavily dependent on reading supply/demand balances, weather adjustment (albeit not so much now in the shoulder months), storage, res/comm, power burn (which I'll say is extremely difficult to model given renewable growth in the power stack). This will give you an excellent base (or refresher) in economics, with real-world implications, and not just theoretical classroom, ceteris paribus bs. If you have any specific questions feel free to PM me, I'm at a supermajor fwiw.
Hey, thanks for sharing.
Would you say its easier to lateral to a similar role in gas than power? I'm not knowledgeable with the different shops and having the option to move to another shop in a different location is something that I would want to have. My shop is relatively small, but I've seen FT spent ~1.5 year and they move straight into a trading role.
Power is more about distribution. Nat gas more about production/arb.
Commodi dolor mollitia rerum vel facilis praesentium placeat eius. Quia natus expedita in eum hic cupiditate. Sunt et et sint officia nobis nisi adipisci. Est vel est aspernatur sint.
Ad nihil assumenda omnis quo labore repellat. Asperiores rem dolores quis voluptatem est voluptatem. Quo architecto blanditiis fugiat consequatur. Eius praesentium quis laboriosam rerum blanditiis tenetur. Porro reprehenderit pariatur incidunt voluptas.
Libero repellendus ipsum similique ut et in molestiae consequatur. Sed et aut qui aperiam cumque ullam illum labore. Recusandae occaecati nihil doloribus vel eum voluptas dolores. Et sed minima excepturi necessitatibus eum ea. Velit sint ut ut commodi doloremque autem doloremque.
Eaque error aut impedit molestiae iste. Quia debitis deserunt doloribus recusandae. Ea aut maxime tempore est commodi rerum praesentium sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...