You often hear people say, “It’s better to be lucky than good.” I go the exact opposite direction – Luck has the ability to hide bad management decisions. Going one-step further, bad decisions which lead to good results are often failures of...
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The prompt month NYMEX WTI contract settled at $107.26/bbl on June 20, 2014. That day would prove to be a major inflection point in the market. The...
Financial derivatives do not always provide satisfactory risk mitigation. Your risk profile may be more deeply exposed to risks beyond commodity...
How Do Sovereign Energy Companies Influence Commodity Markets and Expectations? Petróleos Mexicanos (Pemex) makes headlines about once per year with...
WTI has traded in a volatile range lately, as have Brent and all other grades of crude oil. The prompt WTI crude oil contract lost more than 8% of...
I spent the holidays on the road between Houston and Nebraska visiting family. The trip took me though some rural communities where it is common to...
If you read our blog regularly you've likely to have read one of our posts regarding alternatives to hedging energy price risk with futures, swaps...
In our last post, we addressed natural gas producers' tendency to be overly optimistic, how it exposed many of them to unnecessary risk, and caused...
Behavioral finance and economics researchers consistently confirm the consequences of personal bias in all forms of trading. Many firms make these...