Trading Natural Gas: Cash, Futures, Options and Swaps

Being in the accounting field, this book was extremely helpful for me. I first read it in 2002 when I got a job in the newly created derivatives accounting department. With all of the accounting guidance being so new, accountants really needed to have a decent understanding of the derivatives markets in order to do their jobs effectively (assuming that was your department). I have read and re-read this book many times and use it when I teach new employees about the basics of natural gas and energy trading and overall hedging strategies of most energy companies. Although parts may be out-dated, for what I use this book for, it has been extremely helpful. Most people tend to see clearer with pictures and diagrams and this book delivers :) I would highly recommend to accountants looking to get into deal valuation and risk management strategies.EDIT: I recommend this book so often that I've recently purchased it AGAIN for a new hire :) All in all, I think I've purchased it about 10 times over the years for different employees.

I've spent time trading bonds for a corporate industrial company and needed a resource to understand the natural gas market. I found this book to be an outstanding overview of the trading process, trading jargon and hedging strategies. This book is generally written for someone who is (or hopes to be) an employee of a natural gas marketing/trading company. It is not written for the individual investor who is looking to open up a commodity trading account online. Having said that, I don't think that the book is a waste of time for the individual investor. It is very informative and complex trades are flowcharted for the visual learner. I feel that this book is a "must read" for anyone interested in working on the gas trading desk at a marketing/trading company.

I’m a commercial accountant and I pick up this book to fill in my gaps in knowledge. Since so much has changed since the 90’s (Marcellus shale wasn’t even a thing back then) it’s hard to gauge what I might be missing or what is completely outdated. Other than that, it is fairly well written and easy to understand for the non-trader who has knowledge of commodity hedging.

Great handbook if you work in natural gas operations, scheduling, supply, or if you just want to learn more about how natural gas pipeline systems and supply work. I work in commercial operations for a natural gas marketer, and I am finding this book to be very helpful when I need quick, to-the-point explanations on how certain hedging strategies work. Also gives a nice quick overview of how physical pipeline systems and scheduling works. It's not cheap, but if you have a good application for it on a day to day basis (or if you really like learning things in detail), I would recommend this book.

Was recommended this book before starting an internship at an energy company. Gave me a nice introduction to the gas market. Outdated bits are easy to identify, though I wish the author would have updated it after two decades with some fundamental changes that have occured

Is the perfect book for entry level position or summer intern.

Written for the expert. I was hoping for a discussion of strategies, but this is about the mechanics of trading .

The principles of gas trading laid out clearly and concisely. Perfect for my needs.