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Financial modeller (oil & gas valuation models)??
Posted: July 16th, 2005, 4:28 pm
by hamb
Hi, Anyone here is doing financial modelling for the purpose of oil & gas valuation? What are the differences between this job and building financial models for banks? Is it a kind of quant job? Any clarification is appreciated. ~~
Financial modeller (oil & gas valuation models)??
Posted: July 16th, 2005, 5:35 pm
by moogle
I've heard from people that modelling commodities(for energy trading) or stocks/bonds are almost the same. The behaviors are slightly different. I might be wrong though so don't take my words for it.
Financial modeller (oil & gas valuation models)??
Posted: July 16th, 2005, 8:56 pm
by gjlipman
A fair bit of the skills are the same. One major difference is that financial models for banks tend to be more describable by mathematics - when building models for energy, the real world crops in a bit more - events like plant failure, terrorism, etc do not follow the efficient market hypothesis, and do not arrive at Poisson intervals.
Financial modeller (oil & gas valuation models)??
Posted: July 17th, 2005, 10:42 pm
by hamb
So I guess companies who are interested to recruit this kind of people are IBs and big energy firms?
Financial modeller (oil & gas valuation models)??
Posted: July 18th, 2005, 2:29 am
by moogle
yep. I think you can think of it just as another product