Commodity (Energy) Trading Houses

EdwardPhillips1 · August 2nd, 2005, 8:09 pm

Hi,Can anyone please tell me how E.On is rated within the industry for energy trading as I've heard a mixture of responses. I know the best in the business is Morgan Stan. and BarCaps, but banks aside who else is rated. E.g Shell, Bp etc...The reason I'm asking is that commodity trading sounds really interesting although I'm not sure of the earning potential when compared to credit/Fi trading. Anyway I was looking into this as a start for my career. :->Thank You

evcook · August 8th, 2005, 2:40 am

looking at Trader magazine top 50, it looks like the energy guys do pretty well all around.... at least for now..

VannaBee · August 9th, 2005, 11:55 am

Energy Risk magazine has a ranking for traders in various energy markets. Except banks and oil companies only RWE and EDF Trading made it from the Europeans - E.ON is surely large but does not have a reputation for trading acumen.

jonh71 · August 9th, 2005, 2:53 pm

If its energy trading acumen you want then look no further then Glencore and Trafigura... two energy shops created by former trader from Marc Richs... the guy who invented oil trading.

HTFB · August 9th, 2005, 8:16 pm

Glencore and Trafi - great if you like to do shady business in Eastern Europe! There's a reason they are private companies.

jonh71 · August 10th, 2005, 12:38 pm

huh? what does being a public/private company have to do with trading acumen... so by your logic, it wasn't okay to buy/sell oil w/ j.aron until after Goldman went public in 1999?

HTFB · August 11th, 2005, 2:38 pm

not saying they're bad traders.... just very shady you couldn't do the things that they do if you were a public company

Zecitiman · August 12th, 2005, 8:32 am

Thu Aug 11, 05 05:38 PM (NEW!) not saying they're bad traders.... just very shady you couldn't do the things that they do if you were a public company QuoteTextCan u explain?