ENERGY TRADING’S NEWEST PLAYERS
FOCUS OF UPCOMING UH-GEMI CONFERENCE
In just four years, energy trading industry has gone from nearly
sealing up its coffin to rebounding to becoming very lively again,
says Craig Pirrong of the University of Houston’s Global Energy
Management Institute (UH-GEMI).
“Following the collapse of Enron, there was widespread questioning
about the viability of energy trading,” said Pirrong, UH-GEMI
energy markets director. “Many firms with an energy trading
focus saw their stock prices plummet as much as 90 percent and exited
the market in 2002-3. In 2004, there were initial signs of a recovery
and new players entered into the business. Energy trading is back
in again in 2006, though some of the participants have changed.”
Financial institutions, including major banks, investment banks,
and hedge funds, are the latest to emerge, Pirrong said. UH-GEMI’s
fourth annual trading and marketing conference Jan. 26 at the University
Hilton will focus on these new entrants. Speakers include Sharon
Brown-Hruska, Commodity Futures Trading Commission (CFTC) commissioner;
Bo Collins, MotherRock president and CEO; Arlene Spangler, Standard
and Poor’s director; Pat Strange, Sequent Energy senior vice
president; and Michael Cosgrove, Amerex CEO.
UH-GEMI is part of the Bauer College of Business.
For more information about the conference, go to https://www.bauer.uh.edu/uhgemi/Forms/trading_2005.htm.
WHAT: |
Fourth Annual Energy Trading and
Marketing Conference |
WHO: |
UH-GEMI |
WHEN: |
Thursday, January 26 |
|
- 8:30 a.m. – “The Latest on the CFTC and Regulatory
Issues,” Sharon Brown-Hruska,
CFTC commissioner
- 9 a.m. – “Developments in Gas Trading and
Marketing,” Pat Strange, Sequent Energy senior vice
president
- 9:30 a.m. – “New Developments in Credit Issues,”
Arlene Spangler, Standard and Poor’s director
- 10:15 a.m. – “A Hedging Perspective on Upcoming
Trends,” Bo Collins, MotherRock president and CEO
- 10:45 a.m. – “New Instruments Being Traded
in the Marketplace,” Alexander Eydeland, Morgan-Stanley
vice president
- 11:15 a.m. – “This Trading ‘Boom’
is the Real Deal,” Michael Cosgrove, Amerex CEO
- 11:45 a.m. – “Legislative Developments Affecting
Future Trading,” George Baker, Williams and Jensen
principal
- 12:15 p.m. – “Building the Next Generation
High Performance Trading Team,” Soli Forouzan, Sungard
senior vice president of product management and marketing
strategy and Tom Franklin, Sungard vice president of client
research
|
WHERE: |
University of Houston Hilton, Waldorf-Astoria
Ballroom |
For more information about UH visit the universitys Newsroom at www.uh.edu/admin/media/newsroom.
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