Product Description

This great "how to" book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption. The heart of the text is the definition and demonstration of financial trading tools and techniques. It closes with discussion of more complex structures of trading and the author's philosophy on how a risk management department should function within a natural gas trading company.

Product Details

• Amazon Sales Rank: #55520 in Books
• Published on: 1997-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 206 pages

About the Author
letcher J. Sturm is a coordinator of derivatives trading for Pro-Energy Marketing in Houston and has served as senior trader of natural gas derivatives for NationsBanc and Enron Capital and Trade. In addition to the trading duties of these positions, he has also educated marketers on fundamentals and technical trading aspects, including seminars on complex derivative transactions.

Customer Reviews

Excellent Resource for Natural Gas Traders
Was very pleased with the material contained in this book. Although I am a beginner in the natural gas trading field, I found Sturm's book both easy to understand yet challenging in its scope. A great deal of emphasis is placed upon various hedging techniques and many helpful diagrams are included to portray the trading flow. Overall a very unique and insightful book for beginners and for those with years of experience in trading natural gas.

educational sources for practical trading purposes
I have not seen any book that describes its domain with such generous detail and is geared for real life trading. The contents may not be enough for those who trade only financial energy instruments, but it is indeed a good course material for the market makers, and hedgers, namely end users and producers. I highly recommend this book to those who are involved in natural gas industry.

A Great Book to Learn Natural Gas Trading
Even if you do not have a solid understanding of derivatives, this book is really good explaining step by step how the different derivatives are used for hedging natural gas; regardless if you are the producer, trader, or end user. The author gives many examples of how each derivative works. I highly recommend this book if you are starting out as a junior trader, risk products trader, supply planner, etc.