Customer Reviews

Trading Natural Gas: Cash, Futures, Options and Swaps

5 star:		(5)
4 star:		(3)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

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.

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.

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.

provides a very good basic understanding of how gas is traded.
just enough technical detail to be useful, without getting into the "Greeks" of determining option value.

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.

I work in a gas trading software company and this is a good book to read to learn the business. Just wish there is more detail info on the different types of trades out there.

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

This is a great place to start. The first half of the book describes the natural Gas business, the second half was just a refresher on basic derivative structures.