Thanks for listening to the CRG Channel on the EKT Interactive Oil and Gas Podcast Network.
Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this special podcast, oil market experts Andrew Lebow and Jim Colburn discuss Canadian oil markets with Dominic Proctor, former Financial Trading Manager at Suncor Energy.
About Dominic Proctor
Dominic Proctor is a retired oil trader who spent 27 years in the Canadian oil and gas industry. He holds a Bachelor of Commerce degree from the University of Saskatchewan. Mr. Proctor received the designation of Chartered Accountant from the Canadian Institute of Chartered Accountants in 1989 and joined Saskoil in their financial accounting department in 1990.
After a few years in various accounting and planning positions Mr. Proctor joined CXY Energy Marketing as an oil trader in 1999, shortly before becoming a CFA® charterholder. Following a corporate acquisition CXY Energy Marketing became part of Nexen, where Mr. Proctor remained in various roles in the oil and natural gas marketing department until 2008. In 2008 Mr. Proctor joined Suncor Energy Marketing as a senior oil trader and remained there in various roles until 2018.
He was active in trading and using energy derivatives to hedge physical oil price exposures from 1999 into 2018.
About the Experts
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University.
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.