derivatives training course june 4 th 5 th offering derivatives training site interested attending please let amy fitzpatrick know later may 21 st derivatives applied energy derivatives presented paradigm strategy group date monday june 4 th tuesday june 5 th time 8 00 5 00 pm course appropriate employees wishing obtain practical understanding basic natural gas power derivative structures traded marketed today emphasis placed understanding financial tools added physical structures meet risk management needs clients participants attending seminar able formulate customer hedge strategies based solid understanding risk impact capital structures approaches mitigation develop interpret forward prices context arbitration disciplines well understand divergences disciplines characteristic energy prices identify marketing opportunities understanding forward curve distortions created physical system production transportation assemble pricing transaction benchmark price curve devise cost reducing deal structures gas storage understanding price curves components exploit differences locational pricing insights relationship basis transportation transmission structure natural gas power swap hedge company risk position explaining risks benefits risk management tool price swap price curve customize structure meet various customer needs including earnings cash flow embedded financing apply basis swaps either mitigate locational risk achieve favorable risk reward position altering index location attain fluency language concepts hedging application options package strips options create caps floors zero premium collars create structures provide energy users sub index pricing using embedded options recognize options embedded common supply contracts pricing implications including swing double ups index contracts maximum prices etc