Energy
Struggling for growth
All three Canadian energy exchanges – NGX, Watt-Ex and NetThruPut – are finding it slow-going with their expansion plans. Meanwhile the rivalry between NGX and Watt-Ex is growing. Joe Marsh reports
Storage strategies
Companies are increasingly realising they can use natural gas storage to add value to their bottom line. TransCanada’s Farzan Nathoo weighs up the strategies available for optimising value through storage
De-leveraging credit risk
Leverage
Training the tiger
Derivatives are finally beginning to gain wider acceptance in Taiwan, but senior executives remain wary, associating them with the collapse of Barings and, more recently, China Aviation Oil’s huge trading losses, finds David Hayes
A calculated gamble
After a promising start, Canadian carbon trading has slowed. The country has much work to do if it wants to get a domestic greenhouse-gas trading market running ahead of the 2008 Kyoto deadline. By Catherine Lacoursiere
The best of all worlds
Thanks to their varying scale, structure and diversity, European organisations often have very different solutions to risk management. But which system is the most effective? In an exclusive to Energy Risk, the European Energy Risk Forum offers a route…
Emissions education
As the European carbon market continues to grow, so too do some unique challenges: not least the gap between retail and wholesale players and the problem of counterparty credit risk. Oliver Holtaway reports
Editor
"With oil prices at record highs, energy is set to remain key in strategic decision making"
Trusts gain traction
Canadian oil and gas companies are rushing to convert to royalty trusts, despite the stigma some attach to them. This is good news for the energy-hedging market, but some still have reservations about the trust sector. By Joe Marsh
A good time to build
US utilities may need to spend more than $100 billion in the next 25 years on new power plants and transmission capacity. Richard McMahon looks at how utilities are assessing long-term risks and attracting potential investors
Banking on tankers
Logical Information Machines’ Sandy Fielden provides an analyst’s perspective of new opportunities for freight risk management with a specific focus on the crude (dirty) tanker trade from the Caribbean to the US Gulf
A growing concern
Despite high natural gas prices, Canadian fertiliser maker Agrium has been posting strong profits, while some rivals have struggled. The company’s risk-management strategy has been a significant factor in its success. By Joe Marsh
Pension fund shake-up to boost bond demand
UK pension funds
Can high yield stomach glut of LBO issuance?
high-yield market
Credit risk
Introduction
Nymex and PHLX open up commodities
Exchanges
Seasonal strategies for DAX
Indexes
Emerging markets Fundamentally sound
market forum
The return of retail LBOs
loan market
Rethinking policy
Pensions
Making a connection
Technology
Battle of the bulge The e-trading offensive
electronic trading
The final countdown
Profile