Trading Natural Gas: Cash Futures Options & Swaps

by Fletcher J. Sturm

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... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0878147098
• ISBN13: 9780878147090
• Release Date: January 1997
• Publisher: Pennwell Books
• Length: 206 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.7" x 6.2" x 9.3"

Customer Reviews

Great resource!

I've spent time trading bonds for a corporate industrial company and needed a resource to understand the natural gas market. I found this book to be an outstanding overview of the trading process, trading jargon and hedging strategies. This book is generally written for someone who is (or hopes to be) an employee of a natural gas marketing/trading company. It is not written for the individual investor who is looking to open up a commodity trading account online. Having said that, I don't think that the book is a waste of time for the individual investor. It is very informative and complex trades are flowcharted for the visual learner. I feel that this book is a "must read" for anyone interested in working on the gas trading desk at a marketing/trading company.

Principles

The principles of gas trading laid out clearly and concisely. Perfect for my needs.

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.

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.

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.