Thanks, Ed. I had to share.
tc
"If something is not worth doing, it`s not worth doing well" - Peter Drucker
FYI
Edward G. Cazalet, Ph.D.
101 First Street, Suite 552
Los Altos, CA 94022
650-949-5274
cell: 408-621-2772
ed@cazalet.com
www.cazalet.com
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How to Value Energy & Electricity Assets Using Real Options Analysis April 15 | Houston - Courtyard Marriott Houston by the Galleria |
ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/A501-Classroom.html">Click here for full details Using the proper analysis technique can have a serious bottom line impact when valuing a large multi-million dollar asset. This one-day program is designed to provide an understanding of the various approaches used to value energy and electricity assets as real options. Increase your firm's profits with proven practical techniques for: 1) hourly, daily, and forward electric, gas and oil price strategies; 2) determining optimal spark spread boundaries; injection and withdraw storage schedules and transport loading; and 3) measuring the hidden value in uncertainty and optionality. - The pros and cons of net present value (NPV), decision analysis (DA), and real options (RO) valuation techniques.
- Understand the deficiencies of marginal cost valuation, and lean how to develop a real-options approach based on forward price simulation of fuel and energy markets.
- The most common financial pricing models including start-to-finish development of the GBM and Mean Reversion (Jump Diffusion) models which will be defined, regressed, and simulated.
- The relationship between financial options and real options, and the three methods of valuing options Black Scholes, binomial trees, and Monte Carlo simulation.
- How Black Scholes, binomial trees, and Monte Carlo simulation method are applied to value natural gas storage, electric generation, and energy portfolio assets.
- The role of volatility, portfolio considerations, and risk management implications to asset pricing and valuation.
- How to value generation assets using real option competitive price analysis
ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/A501-Classroom.html">See Full Seminar Agenda Among the those who will benefit from this seminar are: energy producers, utilities, industrial companies, municipals, energy marketers, banks, government regulators and electric generators; energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators, engineers and corporate planners. PGS seminars are known for their clear explanations and in-depth content. Register for a PGS program today, and team up with the leader in electric power and energy education. Join over 5,000 energy and financial professionals who have already attended one or more of PGS's proven courses. ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/A501-Classroom.html">Learn More This email was sent by: PGS Energy Training
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info@pgsenergy.com | Upcoming Classroom and Phone & Web Seminars Classroom Seminars MARCH 2010 Philadelphia - Mar 16 & 17 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/E201-Classroom.html">Fundamentals of Today's U.S. Electric Power Industry, the Smart Grid, Renewable Power, ISO Markets & Wholesale Power Transactions Philadelphia - Mar 18 & 19 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/D201-Classroom.html">The Fundamentals of Energy/Electricity Futures, Options & Derivatives New York City - March 22 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/F112C-March22-Classroom.html">Introduction to Carbon Trading & Environmental Markets APRIL 2010 Houston - Apr 13 & 14 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/E201-Classroom.html">Fundamentals of Today's U.S. Electric Power Industry, the Smart Grid, Renewable Power, ISO Markets & Wholesale Power Transactions Houston - Apr 13 & 14 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/G204A-Classroom.html">Fundamentals of Today's Natural Gas Industry, Value Chain Infrastructures and Overview of Wholesale Transactions Click Here for More 2009
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& Web Seminars MARCH 2010 March 3 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/online/h101b.html">Fundamentals of Natural Gas Contracting - How the Physical Gas Business Affects Gas Contract Language March 9 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/online/d103.html">Fundamentals of NYMEX & ICE Energy/Electricity Futures Contracts March 10 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/online/d106.html">Introduction to Energy & Electricity Options ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://www.pgsenergy.com/online/r101.html">The Fundamentals of Gas & Electric Utility Rates March 16 ed@cazalet.com&CID=1&EID=172&IID=2590&SID=1822&L=://pgsenergy.com/online/w102.html">Introduction to the U.S. Wind Power Industry - The Basics Click Here for More 2009
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