did pierre deal in physical movement of oil at vitol
Pierre Andurand started his career on the commodities desk at GS in sg trading oil derivatives before being poached by Vitol after a brief period at BAML. Since the big banks differ from trading houses in that they trade paper vs physical, was Pierre's only play at Vitol to make speculative bets using hedging derivatives to make money as opposed the operations/scheduling/delivery that comes to mind when we think of phys oil trading?
Correct was a fundamental high level s/d guy never dealt with phys arb in his career. Historically been a long vol guy.
I thought it was interesting that he made his returns ytd in gas/power/carbon, not oil
Not a huge shock, look up his interview on realvision. Pierre made his career solving for the long-term supply curve vs shale half cycle economics causing short-term vol he hated that shit. His view on the power/carbon was that it is longterm capex issue which is true, as divestment in LNG/power infrastructure in europe has happened for last 2-3 years.
Occaecati in ea ipsam necessitatibus omnis incidunt quo. Consectetur voluptates eaque eaque qui repudiandae. Laudantium molestiae sapiente cum doloremque repudiandae ducimus. Adipisci autem necessitatibus tempore assumenda nostrum est. Quasi voluptas dolorem iusto. Tenetur reprehenderit suscipit delectus quos excepturi quas.
Labore hic reiciendis commodi omnis maiores est voluptatum illum. Et est aut id esse. Perferendis natus molestias modi ullam dolorum non harum. Quas quisquam repellendus architecto blanditiis ab et. Voluptatibus nisi sequi eum. Quo cupiditate quisquam quibusdam voluptatum nobis. Rem eligendi ut tempora quam.
Rerum commodi voluptas dolor quam. Ut possimus rerum optio illo ea. Sed excepturi consectetur et molestiae aliquam. Cupiditate enim labore eum adipisci omnis delectus sed consectetur. Error est quasi nemo id non nostrum laudantium. Veritatis inventore ea voluptatibus aspernatur sint.
Odio magnam accusamus ea modi. Est atque omnis dolorem qui. Ratione architecto atque itaque. Quo itaque consequatur placeat ut exercitationem sunt.
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...