Energy trading

Good evening, Long time passive WSO lurker here that has decided to finally register and engage on the forums. I finished my postgraduate degree towards the end of last year and after several applications and interviews I managed to land a job as a junior trader at a power utility company. I have...

11 Jan 2022

I am currently a third-year undergraduate student in Commerce. I am extremely passionate about Shipping and Physical Commodities. I had applied to Cass's MSc Shipping, Trade, and Finance and have got an acceptance letter. However, I am also interested in History and Economics. I had applied to MSc...

12 Oct 2021

I am not 100% sure what I want to do with my life - Energy trading or IB. I have a crude trading internship lined up at a major this summer, and my prospects in the industry seem good for next summer (knock on wood), given I feel confident about a superday I just wrapped up at a certain Australian...

19 Apr 2022

Hi everyone, I recently interned with a data + analytics provider for the electricity and power markets, and since then I've been extremely interested in a trading job in the field. Coming from a more traditional finance background, it doesn't seem like there's as clear of a career progression/path...

18 Jul 2021

Hello, I'm pretty deep in discussions with a US BB investment bank about joining as a VP on a power trading desk in London, I'm currently a relatively junior power trader at an EU utility. Anyone familiar with European power markets will know theres a pretty large shortage of power traders atm so...

31 Jul 2021

Hi WSO, I was wondering how hard it is to make a transition from sell-side trading at a "Hedge Advisory" (we do financial hedging for oil and gas companies) to a hedge fund or a prop desk? I joined the company when it was much smaller and have gotten experience in several areas of the business...

27 Apr 2022

Looking to get some of the opinions of the other physical trade guys in the forum, but anyone feel free to chime in. Given the moves XOM has made, what are your opinions on having another monster trading shop coming into the market? I agree with the sentiment that they arent going to start paper...

13 Jun 2018

I was recently offered a summer internship at an oil major at a certain location, my home town, in their natural gas trading program and accepted it. I am extremely excited about the opportunity! But, I have always been interested in crude oil. Maybe I am a little biased; as I took a certificate...

17 Nov 2016

Recently managed to secure a role as an Analyst in MO for trading at a global commodities trading house, just looking for opinions on the job, past experiences, references, what can I expect, exit opportunities, tips, prospects on making it into the trading desk, etc. I have experience in financials...

07 Mar 2022

Good afternoon, monkeys. Listen: A crude and natural gas midstream firm like MarkWest Energy Partners and an oil refinery in the middle of Alabama will have different price exposures, and thus require different hedges to protect themselves in the event of future uncertainty. While not everyone is...

11 Jan 2013

Hi all, I´ve started recently as a power trader and was wondering if you could recommend some resources (or write any comments) on various trading strategies possible in the electricity market. I tried searching on the forum here and there are few people with experience in energy trading, so...

27 Dec 2017

Hi everyone, I'm in a big period of hesitation about my future and I need your advice. I would like to work in oil and gas trading. I have a French Master's degree in market finance (non target school) and quite good experience (Fixed-income brokerage + Gas structuring). In order to succeed in this...

30 Jan 2020

They called me the Commodity Merchant, I prefer "relationship manager". It not just buy low, sell high. It's managing the relationships, structuring the logistics assets and trades from the origin to the destination. We are a regular shipper on the Colonial Pipeline Line 2, Off-Exchange EFP cash...

22 Dec 2016

Preferably would like opinions about Power Markets, but open to other markets as well. How is the path like? I've seen people jump into trading right out of school (mostly Ivy League, rarely any other school). On the other hand, I've seen people not get a trading seat in 5 years while being an...

22 Apr 2021

I currently have two different offers for a summer internship, one offer from PwC to intern in their Houston office as a management consulting intern, and the other from Exxon to work as an analyst on their up and coming trading floor. I have experience working on another energy trading floor, and...

19 Oct 2018

Hello monkeys, I was wondering whether some of you know something about energy trading. Normally, when purchasing for your own portfolio one adds different types of premiums (for example imbalance and profile risks) to get to an ITP for your company, but what risk components are added if you sell...

22 Apr 2021

I have been using a tool called Uplink to run advanced analytics and provide real time transcripts for Earnings calls and it has been great for me so far. This is definitely something that could be really huge for anyone regularly listening to earnings calls or any disclosures, to be honest. There...

21 Oct 2020

Are there better graduate degrees out there? I'm worried even if I applied to a program like this I wouldn't get a trading job, because I don't have any internship experience with big firms. A little bit about myself:

08 Jan 2014

I am a 26 year old energy trader who has an UG in finance and an MFE from a top program. I've been trading for 2 years in physical energy at a top merchant trading firm such as glencore, trafigura, tenaska trading physical commodities (natural gas, oil etc. I don't want to mention specifics because...

19 Jan 2016

Let me preface this by saying that I had every intention of writing something meaningful about the fact that Google has applied to become a power marketer and how that will probably present a great opportunity to savvy energy traders. It's another sign of the coming global takeover by Google, and...

11 Jan 2010

Am I screwing myself for the future by taking a natural gas scheduling gig? Will I have limited exit opps if I ever decide to change?

28 Sep 2018

Does anyone have any info about the following energy prop trading shops: Glencore Mercuria Arcadia Masefield Vitol Trafigura Gunvor How would you rank them in terms of prestige? How do they compare with trading at a BB? Any info would be appreciated

21 Nov 2017

Ok ladies and gents, the Energy Rodeo is fast coming up and, if the motivation to learn from industry professionals and insiders isn't enough to make you want to come down to Houston, maybe this will be. In addition to all the great things the Rodeo provides, some of your favorite WSO posters and...

20 Nov 2010

Hello Everybody, I received a job offer from a firm in NYC that invests in energy assets. They work on all stages, developing, financing and trading and distributing from the asset. They primarily purchase gas power plants and oil fields. My primary responsibility would be to work on asset...

26 Aug 2018

Hi everybody, I'm currently working in a small oil trading desk of a gas company where we only do derivatives (not physical). I'm here since mid of last year and it's my first job but I would like to consider new opportunities (I hope to find something new before the end of the year) in IB,...

13 Jun 2015

Hi everyone. Like many others, I have been peeking around the forum for quite a lot of time without really posting. Now I finally need some bespoke advice from you. I am sure most of the people around here already think I am crazy just after reading the title of the post. The real reason I am...

01 Nov 2014

There is an electric company at my school doing OCR for some positions. I'm vaguely interested in trading, but I would like to specifically know more about power trading. I know for oil trading positions at the super majors you have to work as a scheduler before you can trade and I was wondering if...

02 Apr 2014

I was out last night having drinks with a few energy traders at a HF I am applying to for an entry level position. Clearly these guys make a lot of money especially the owner. After some drinks one of the traders said, "Listen this is an opportunity of a lifetime, I made a $1.5mm bonus last year and...

30 Dec 2012

I've read through all the topics related to energy trading roles, and I know that you have to start in ops/scheduling before moving on to become a real trader. However, my background (chemical engineering major) isn't really suitable for obtaining a scheduling role at one of the majors. I know...

04 Aug 2012

I am currently working in PWM at a major wire house. I have been out of school for about 2 years from a non-target. I have the opportunity to join a top group at my current firm. This group is in the top 100 in Barons and would be a great opportunity. I also have an opportunity to join an energy...

20 Dec 2012

Hello team, I've got a graduate gig at several BB ib's and a large utility. I am very interested in the utility as I firmly believe energy trading is the future. The problems I have is being offered ~80k at the BB's and ~45k at utility. Also the two year graduate program for the utility, meaning I...

26 Dec 2012

I have 3 years of work experience developing real-time risk systems for commodities trading in Houston at a BB. BS in Computer Science and BA in Economics from UT Austin. Want to eventually become an energy trader in Houston. 3.95 GPA, 750 GMAT. I think an MSF program would give me time to do some...

22 Feb 2012

Looking for someone with a background in power systems/electrical engineering. If you know about transmission congestion, voltage, impedance, physical power flows, send me a message. I will answer any question you want about the world of power trading, how to break in, pay, culture, lifestyle etc.

21 May 2014

It seems to me that a lot of people these days think that trading oil and energy is better than trading equities or fixed income and I'm not sure why. I am not familiar with oil trading companies and their business model. Can someone shed me some light on the matter? I know that a lot of prop...

09 Jul 2011

So last week one of my peers in the energy industry told me he leaving his firm to go work for a REIT and it got me thinking, is this another sign of rebound in the RE industry? To give u some background, I trade NG and so did my friend. Now, granted there are good and bad years in the energy...

21 Apr 2012

I saw that there were a couple of posts about this program, but they were all 5+ years ago. Any students that have gone through the program in the last couple of years that would like to share their experiences? Have people been getting jobs after completing? I've heard great things about it, but...

19 Aug 2018

Anyone attending the 2015 Energy Rodeo? Thoughts or opinions from previous ones? Thinking about skipping 2015, but doing 2016 and pursuing a job as a Natty Gas trader. By then I'd have: 1) 2.5 years of NG Scheduling experience(f500 company) 2) 1.5 years of finance experience(PE firm SA gig + Major...

10 Aug 2014

I'll make this quick: Graduated with Finance undergrad December 2008 1st year MBA with focus in Energy Risk Management ~2 years experience as Credit Analyst for commercial bank I want to transition into a role that leads to energy trading (risk, scheduling, etc. as my long term goal would be to...

26 May 2010

It seems like a lot of the guys on this board are really knowledgable about energy trading so I would really appreciate your help.

27 Oct 2009

I need some help folks. I'm using my Career Center to critique my resume and cover letter Though, I feel that their input may be very generic and not tailored for critiquing cover letters and resumes aimed at earning positions in IB or S&T. My undergrad is in industrial technology and engineering......

23 Jan 2011

Hi, I just graduated, most of the positions I keep getting interviews for seem to be either back-office or contract. I would still like to aim for investment banking and equity research jobs. Most of my internships were in the front office in Trading or Financial Analysis roles. I think my resume...

13 Aug 2009

Came across this interesting series of energy presentations at Harvard. Free to attend: Monday, September 28, 12pm – 1:30 pm Financial Arbitrage and Efficient Dispatch in Wholesale Electricity Markets John Parsons, Senior Lecturer, Sloan School of Management Bell Hall, 5th Floor, Belfer Building,...

26 Sep 2015

I see that this topic has been touched on before but...I currently have a commodities trading related offer from one of the large energy/oil companies and with one of the large banks which has faired well thus far. I'd prefer to go with the bank which offers better compensation and a greater range...

14 Sep 2008

Hi, Interested in learning from others on what its like to establish / specialize in each of the 3 big energy commodities. How easy is it to transition from one to the other? I would assume Gas to/from Power have a fairly easily transition ? Also, what is future career route and exit opp (just in...

04 Jan 2013

I've read a few very good posts on WSO about commodities trading, so I'm led to believe the knowledge is out there... My question to the WSO community is: does anyone have a good understanding of how JPMVEC actually perpetuated the fraud (how did the scheme work in practice), and who might some of...

17 Sep 2013

I am about to interview with an energy trading firm based in Switzerland for a natural gas trading role covering Europe. I have quantish background and experience at a bulge bracket investment bank in structuring. The interview is next week and I would appreciate any hints regarding the...

07 Aug 2014

Hi all, Generally speaking. As a fresh grad starting in a support role for energy trading ( scheduler, market risk etc.), would I have a higher chance of eventually becoming a trader if I start at a supermajor or bank?

01 Apr 2022

First of all, I was wondering why natural gas price affects electricity price so much in U.S. market. I interned at a trading floor this summer and I saw power traders sit very close to natural gas traders and interact a lot.. There are a lot of other sources of energy like coal, oil, nuclear etc,...

05 Oct 2010

Has anyone ever heard of this or know anyone who has done it? I found the posting through career services at my university and decided to throw in an application just to see what would happen. I received an acceptance letter today and have to let them know by 4/25 if I would like to attend. I am...

23 Apr 2014

With the news of Muammar Gadhafi's death reverberating throughout the globe, financial markets and oil speculators everywhere are contemplating how the event will effect production and prices. The simple logic would lead us to believe that production will increase to pre-revolution levels and with a...

21 Oct 2011