Course Summary
Understanding and identifying how to limit price risk exposure is a complex task. This two-day course will provide attendees with a forum to maximize hedging efficiencies and limit price risk exposure. Delegates will build a portfolio of industry techniques for managing price risk in today’s volatile energy markets.
16 CPE credits awarded for this course.
Our class sizes are limited to 20 delegates to ensure maximum individual attention.
Who Should Attend?
This two-day advanced workshop is perfect for those who are already familiar with futures and options but want a more in-depth understanding of hedging and the tools available. This course uses four unique case studies developed by the industry’s leading risk managers which require the delegate to apply hedging skills to complex scenarios. This programme deals with many different energy commodities, including oil and gas.
Prerequisites:
Princeton Energy Programme’s Fundamentals of Energy Futures and Options I – Fundamentals of Energy Options or equivalent experience.
Pre-classroom Study:
As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com’s Charting a Course through Commodity Risk.
Course Contents
- The qualification and quantification of risk
- How to identify, measure, and control basis risk
- How to hedge with exchange traded futures contracts
- Cross hedging with futures
- How to hedge with exchange traded options on futures
- How to choose between futures and options
- Characteristics of swaps
- Calculating CFDs
- Hedging with swaps
- Controlling basis risk with swaps
- The characteristics of OTC options
- Hedging with OTC options
