Recent content by contango

Well, at least that's what it seems like. Goldman's is out advising large clients to short the EUR which looks a little late now chaps.... I only wonder if it's down to the Treasury's private banking department?

At the moment we don't care about production. We're worried about falling demand in China and the potential release of light sweet barrels from the SPR to be replaced by heavy sour. The Chinese consumer is not some magical being that will keep buying when no-else does and the Chinese government...

Yup, apparently the world is coming to an end and we don't need oil anymore! That is, until we realise that in fact the world hasn't ended and we need to fill up our tanks again.

Agree. But while the specs are pushing it lower I'm not going to stand in their way. I just wonder what's going to make them start buying again. Meanwhile I see Citigroup economists saying they now expect a 50bp Fed cut tomorrow....

Chevron today saying they're worried about the gasoline supply chain. Products are at the lows of the last five years. Going to be queues at most US forecourts in a week or two, especially once drivers start driving again as prices come down. But the way crude is selling off you'd think refiners...

My style is as attached... When the red line (moving average of oscillator) is negative and the white line (oscillator) moves negative then you sell. When the white line is moving in the opposite direction you take profits. And vice versa for buying. Simple yet effective. The bollinger helps you...

Don't know of any resources but the general formula for the spark spread is something like: SS = Power Price - Nat Gas Price (expressed in USD/MWh) Clean SS = SS - Emissions Price (again in USD/MWh) Normal gas plant efficiency is around 40 - 45%.

I've traded the dark and clean dark spread in Euros i.e. German power, Zeebrugge gas, API#2 coal and EUAs. It's only really for utilities who know what their margins for each power station are i.e. the formula for the spread takes into account the thermal efficiency of the station and heat...

Thanks. That's exactly what I meant i.e. I'm sure they benefitted from the interview experience, not from looking through a glass wall... Sheesh! People here are more cynical than the guys on my desk.

I posted this originally because it's free and we were having trouble finding decent energy options traders. The recruitment agents were simply trawling their CV base and if they found the words "options" and "energy" they would send them on to me to sift through. The pool of options traders...

Here's a little more info... As it's a junior trading role salary will be around GBP50k with the usual big bank benefits. The right candidate should expect to double this in bonus. The rest of the energy desk is already established and you would be joining a succesful energy team. Why advertise...

We are a leading global investment bank active in both physical and financial energy commodity trading. With the growth in the energy commodity options market, we are looking to hire an options / derivatives trader looking to enter the energy market, perhaps from equities or FX. The focus will...