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Date: Tue, 25 Jun 2002 01:17:22 -0700 (PDT)
From: deanrogers@energyclasses.com
To: chris.germany@enron.com
Subject: Derivatives for Energy Professionals, 8/6-7, Early Bird till 7/8,
 Houston
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Derivatives For
Energy Professionals 



Two Full Days, August 6-7, 2002
Early Bird Special Deadline is July 8th
Houston, TX

  
Energy Consumers and Producers 

Are you a consumer that hesitated to buy forward in 2000 or bought too soon last year?  Are you a producer who hedged too early in 2000 and did not hedge enough in early 2001?  Did you take undue credit risk because you did not know how to estimate exposure?  Are you comforting yourself with the fact that you did not hedge to make money?  Let's face it - you did not hedge to lose money either.  Kase's Derivatives for Energy Professionals will provide you with the indispensable strategies and tactics you need to avoid costly errors and equip you to make the important hedging decisions necessary for survival in today's treacherous marketplace. 

Content

The Derivatives Market 
Buying and Selling Forward 
Hedging Long and Short Positions 
Trigger Deals, EFP's, Swaps 
Hedging Spreads and Basis 
Volatility and Options 
Hedging with Options 
Hedging with "Exotics" 
Market Behavior in Favorable Price Environments 
Market Behavior in Adverse Price Environments 
Developing a Strategy to Match Risk Appetite 
Selecting Appropriate Instruments 
Developing Policies and Procedures   

In This Class You Will Learn About 

How futures and OTC derivatives work
Hedging prices, basis, margins, and spreads 
Math for volatility, VAR, Monte Carlos 
Options, including puts, calls, floors, caps, synthetics, and more 
Cost-reducing hedge strategies, such as three-way collars, option spreads 
How the market behaves, including how long bull and bear markets typically last, how contango or backwardation effects hedging, the impact of removing hedges 
What hedge maturities should be used 
Considerations for custom strategies 
Developing policies and procedures 

  _____  

Registration Fees Include a Copy of Kase's video "Effective Risk Management"

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Early Bird Deadline for 
August 6-7 Class is July 8th


Early Bird Special:  $895.00
Two or More Early Bird:  $825.00
Regular:  $995.00
Two or More:  $895.00 

Marriott West Loop, Houston 

$135 Per Night - Kase Class Rate
(713) 960-0111 Reservations Phone
(713) 624-1517 Reservations Fax
1750 West Loop South
Houston, TX  77027 

For More Information Go To
www.kaseco.com/classes/derivatives.htm <http://www.kaseco.com/classes/derivatives.htm>   

  
  _____  


  <http://www.kaseco.com/images/house_blue.gif>	Kase and Company also offers In House Training Classes. For more information about Kase In House Training Classes please email us at:
kase@kaseco.com <mailto:kase@kaseco.com>
(505) 237-1600.	 
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