Day 3 Friday, February 6, 2009

8:00 – 8:30 a.m.
Continental Breakfast
8:30 – 10:00 a.m.
Advanced Hedging Part 1: Building Your Program
Ashmead Pringle, President, GSC Energy and Matt Ward, Trader and Analyst, GSC Energy
Now that you’ve covered hedging fundamentals, its time to get more specific. Within the context of the upcoming 2008-2009 season, you’ll examine purchasing strategies for committed gallons, including fixed and capped price sales, as well as strategies for uncommitted gallons. You’ll also learn other elements involved when entering into a hedging program, such as:
10:00 – 10:30 a.m.
Advanced Hedging Part 2: Modeling Strategies
Ashmead Pringle, President, GSC Energy; Matt Ward, Trader and Analyst, GSC Energy
In this follow-up session, Ashmead and Matt explain how to make the best hedging decisions within specific market and business conditions, and how to use hedging to prevent volatile prices from eroding your profit margins. Plus, learn how to mitigate your exposure to shifting propane prices by aligning your hedging strategies with your marketing strategies.
10:30 – 10:45 a.m.
Refreshment Break
10:45 – 11:30 a.m.
Hedging Simulation
Try your hand at some advanced hedging practices during this final exercise allowing you to apply different techniques to a variety of scenarios.
11:30 a.m. – 12:00 p.m.
Advanced Hedging Part 3: Tracking Hedge Performance
Ashmead Pringle, President, GSC Energy and Matt Ward, Trader and Analyst, GSC Energy
Once your hedging program is underway, you need to be able to measure its performance. We’ll close with a tutorial on how to identify the key indicators of your strategy’s success.
12:00 – 12:15 p.m.
Closing Q&A
12:15 p.m.
Course Adjourns