I work for this major Oil Company. I have been here for 14 months now (college hire). I have been offered to work in Houston as a credit risk analyst supporting NGL Traders.
I have never considered trading as a future career path but now I'm interested to learn more about this. Is this a good place to start in trading?
I was training with the guy I will be replacing and he said that he works with traders and schedulers daily and has to be on the trade floor constantly. It seems that I will get pretty comfortable with the RightAngle trading software as well (I'm not sure how valued this knowledge is).
My current manager has said that since they're moving me due to business needs, I would only have to be in this role for 6-to-12 months.
Do you guys have any opinions, advice for this fellow money?
http://www.amazon.com/Energy-Trading-Investing-Management-Structuring/d…
Keep your head down and do work. Soak up every bit of knowledge you can. Learn those physical markets and inutuitively understand the fundamentals of the market.
FYI - LNG and NGL's are not the same,
I assume its NGL’s; I expect to see more physical and (trading) volume on NGL's due to wet shale plays. Currently the trading market is growing, but pretty illiquid relative to Gas and Oil. The advice above was pretty spot on, understand fundamentals and absorb the information presented.
If you can, grab ahold of a Simmons/TPH/Howard Weil document of the status of the particular industry. These are all well-known investment banks solely focused on the energy industry that have great research pieces. Also, check your companies database, I'm sure the Big Oil company you work for has some great material to learn about the product.
Yeah, I'm about to start studying some in-house material. I definitely need to learn more about the product. The job description says LNG though.
As far as the value of this experience, do you think it would be worth much outside the company? If I can't get into scheduling after this short stint, do you think I would be able jump into IBD?
I understand this is a back office role but at oil companies its next to impossible to jump right into trading....the average age of traders at my company is probably mid-30s.
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Thanks for the encouragement.
This is definitely a BO role but I think even in our Commercial Trading program you have to do a number of operational roles before you get a chance at being a trader, so I'm optimistic. I know chances are not high but you never know until you try your ass off.
I've heard from more senior people at my company that these S&T Risk people often are requested by the Commerical Trading group to join them as schedulers.
I know O&G schedulers have a lot of knowledge and can be in demand, so if I am able to make it to scheduler, I'd still be in good shape for another job outside the company or B-School.
Credit Risk Analyst supporting LNG Traders at a Fortune 5 major oil company (Originally Posted: 03/03/2012)
I work for this major Oil Company. I have been here for 14 months now (college hire). I have been offered to work in Houston as a credit risk analyst supporting NGL Traders.
I have never considered trading as a future career path but now I'm interested to learn more about this. Is this a good place to start in trading?
I was training with the guy I will be replacing and he said that he works with traders and schedulers daily and has to be on the trade floor constantly. It seems that I will get pretty comfortable with the RightAngle trading software as well (I'm not sure how valued this knowledge is).
My current manager has said that since they're moving me due to business needs, I would only have to be in this role for 6-to-12 months.
Do you guys have any opinions, advice for this fellow money?
bump chikkaa bump bump...
Help me out guys!
What is your current role? It won't necessarily lead to trading (it might if you show initiative and show that you really want it bad enough). Not a bad role, but depends what you are currently doing.
LNG can be quite interesting and it's a market with many inefficiencies. That being said, I assume you would be doing the credit risk behind the counter parties and not so much involved in the market activities? And if you truly have the option of going back to your current role, then maybe it's good experience for 6-12 months. From my experience, they hardly ever 'move you back' as the business evolves and they like you where you are and have filled the gap in your old role. I could be way off, just my opinion
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