Energy Trader new to QuantNet got some Q's =)

D

Dragunov

Joined
4/27/10
Messages
29
Points
13
Hello! :)

I'm an electricity trader for a power generator operating in a spot market.
I was wondering how many of you guys are into energy trading in here. :P

Also I'm having troubles implementing the 2-factor mean-reverting Pilipovic Model -_-"

Heya guys!
 
No general energy trading exposure but a bit of risk management related to crude oil futures for hedging at ExxonMobil oil sands in canada(syncrude).
 
physEcon said:
I've got some experience in power structuring. Where are you based?
Click to expand...

I'm based in Southeast Asia. :-)

I've recently passed the ERP given by GARP, but to my frustrations, I find it hard to implement the price discovery models discussed from its readings. I don't really have access to amazon from where I am, so obtaining the books mentioned in this forum is quite a hard task.

I was wondering if anyone could help point me to the right direction in terms of Implementing financial models. All I have right now is a Mathematica 5.1, and a book written by d. pilipovic on energy risk. Before I take on the hard models... maybe I can practice with "easier" more simple ones.

:-) If you guys have questions about electricity trading and other stuff, feel free to message me or just post in here. I wanna help out others too.

---------- Post added at 02:29 PM ---------- Previous post was at 02:23 PM ----------
Joy Pathak said:
No general energy trading exposure but a bit of risk management related to crude oil futures for hedging at ExxonMobil oil sands in canada(syncrude).
Click to expand...

That's awesome. Oil sands are actually making a push into being considered as part of "Conventional Reserves". I actually find it funny that Canada is second only to Saudi Arabia when it comes to oil reserves.
 
Dragunov said:
:-) If you guys have questions about electricity trading and other stuff, feel free to message me or just post in here. I wanna help out others too.
Click to expand...


Maybe you can do a blog post / fresher on electricity trading and stuff on this site to get the conversation started
 
Dragunov said:
I'm based in Southeast Asia. :-)

I've recently passed the ERP given by GARP, but to my frustrations, I find it hard to implement the price discovery models discussed from its readings. I don't really have access to amazon from where I am, so obtaining the books mentioned in this forum is quite a hard task.

I was wondering if anyone could help point me to the right direction in terms of Implementing financial models. All I have right now is a Mathematica 5.1, and a book written by d. pilipovic on energy risk. Before I take on the hard models... maybe I can practice with "easier" more simple ones.

:-) If you guys have questions about electricity trading and other stuff, feel free to message me or just post in here. I wanna help out others too.

---------- Post added at 02:29 PM ---------- Previous post was at 02:23 PM ----------



That's awesome. Oil sands are actually making a push into being considered as part of "Conventional Reserves". I actually find it funny that Canada is second only to Saudi Arabia when it comes to oil reserves.
Click to expand...


AbeBooks Official Site - New Out of Print Books Maybe this will help with books for your location.

Oil Sands are a great resource. Actually, in terms of overall oil reserves from Oil Sands Canada is greater than Saudi Arabia. The problem is that we only know how to extract about 20-30% of it at the moment, but there is a lot of research being done on increasing that. Venezuela has lots of oil sands too but it is too deep for it to be profitable at the moment. USA has the largest oil shales reserves in the world but once again, profitability is the issue. Canada is the largest supplier of oil now to USA if I am not wrong.
 
... Venezuela has lots of oil sands too but it is too deep for it to be profitable at the moment.
Click to expand...

... and Chavez is running the country to the ground.
 
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