gas 200 structuring natural gas transactions course builds applied energy derivatives program focusing deal structuring opportunities particular natural gas markets participants develop insights economic inter relationships physical operations pipelines storage generation etc synthetic financial counterparts basis time spread multi fuel derivatives emphasis directed identifying marketing opportunities follow concepts introduction natural gas markets accordingly participants expected familiar basic concepts gas industry derivatives participants attending seminar able quantify cash liquidity risk futures margin requirements specify terms futures contracts nymex kcbot structure fixed price hedge using futures contract take account implications cash futures basis hedge design compare benefits risks futures versus swaps decide efp efs manage risk recognize advantages risks stack roll hedges identify time spreads risk opportunity relation storage arbitrage storage costs create storage synthetically time spreads employ swing swaps options manage short term storage transport risks profit trading seasonal spreads price curve shifts identify options time spreads embedded storage coordinate injection withdrawal timing price curve identify risks locational basis relationship transport costs create synthetic transportation interpret basis quotes benchmark derive non benchmark basis recognize optionality embedded pipeline capacity utilize intentional imbalances extract value use park loan programs make money sell gas wire tolling mechanisms buy sell gas indexed power energy prices calculate spark spreads using generating heat rates structure multiple fuel hedges understand optionality spark spreads gas fired generation offer gas power dispatch options gas generators michelle lokay account director transwestern commercial group 713 345 7932