Oil/Gas Trading or Other

[Mitsu3000gt]

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I KNEW IT! I always knew you were a big swinging dick.

Lol, I will take that as a compliment, thank you.

[vengie]

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I've been burned out for 5 years or so.

Yup, and it’s getting worse as we keep getting ground further into the ground.

[tonytiger55]

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The bad news: I think I've come to terms that my geological career coming is to an end if I continue to live in Calgary or North America for that matter.

The good news: I know I have transferable skills that entail much more than 'looking at rocks all day'. A friend of mine suggested gas trading, explained a bit about it and thought there would be more opportunities available now and going forward. Is anyone here a trader that could comment? What qualifications/courses would you suggest as I don't have a formal business or marketing background.

I've considered an MBA and frankly, it is way too expensive to cover personally, particularly because it doesn't guarantee anything at all. I've considered doing a CFA Level I but I'm not sure what doors specifically this could open me up to other than Equity Research which I have zero desire to do based on everyone I know that has done it or is doing it.

Lots of you guys genuinely know what Geos do, what their role is, and what skills they have. I'm really open to any suggestions of where to zoom into in terms of new career paths. I kind of had a mental breakdown the other day about just being a bag-boy the rest of my life but things are on the upswing again

Just focusing on the last part.
I've had to re-train a few times over the last 15 years. Right now im in the insurance industry. I picked it solely on the basis of job stability. I was at a stage where Im sick and tired of doing entry level jobs on the promise of career advancing only to be hit with a glass ceiling. The job I do..like with anything is not guaranteed. But with Covid, it helped a lot. Its been very stable.

Its a great idea to change, re-train and to adapt to what life throws at you. One has to.
Whatever you decide to do bear in mind it gets harder as you get older to re-train and start over. A lot of things in all industries are moving to be more data driven. There is a massive lack of personality and good applied critical thinking in these roles. That is they key thing I have seen.
I work in a office where someone was a geologist too. Now she does boring data stuff. Its not the best job, but it gives the stability of home life and family...she loves it.
I work a boring 9-5. But I love it. Prior to this I worked so many jobs that were not 9-5, constant pressure on nothing, or had brutal commutes. I tell you, I have missed out so many key moments with family and friends. One does not appreciate it until you don't have it.

You do have a lot of skills from geology that are transferable and in my opinion absolute key. I know and interviewed people that are book smart. But they cannot apply skills such as critical thinking, speaking diplomatically in raising key issues or coordinating with people with colorful personalities to get a project done.

Do the career counselling, talk to people, job shadow if you can (just ask, people are only going to say no). I will go against the grain and say my advice is don't just focus on the job or career. Look at the industry, ask is it stable and boring enough to allow you to move sideways, focus on family, hobbies and friends outside of work? Are you a specialist or a generalist in that field? If you can find a role that does both then its great.

[max_boost]

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7.2 is going to take a while. You guys burn yourselves out. Me? I am happy with 0.420.

I have the .2, just need to find someone with 14 so I can take half lol

[Marsh]

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How does one obtain a large, yet finite, amount of tendies?

Yolo $TSLA Calls, 4 weeks out.

Your welcome

[The_Rural_Juror]

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Yolo $TSLA Calls, 4 weeks out.

Your welcome

4 weeks out? That's long term shit. I can only afford way otm weeklies.

[bcylau]

with oil trading the end goal is usually the big shops. trafigura, glencore, vitol, mercuria, cargill, etc. these are the firms where traders made 7 to 9 figures. the calgary o&g trading departments dont pay nearly as much. but as with everything in trading, if you are good then you will find a job. and dont look down on scheduling, they control the flow of the company's product everyday, easily tens of millions. i remember my schedulers finding arbs in pipe vs rail then getting the traders to hedge out the basis. its a lot of work that has to be right the first time.

also, the best part of trading in calgary has to be the perks and stampede parties. Basically you can go to any flames game you want ( if you have time) and stampede is 14 days of drinking and rodeo. And depending on your firm, we have done trips to some islands.

a tangential career path would be financial/ commodity risk. slightly less pay, slightly less stress, way more math which is better for an engineer background.

one more thing, aim for smaller / mid sized mid-stream companies for your job search. they have less demand than the big shops and you get to learn more about the physical side of the business. ie interpipe, plains, superior gas liquids. I know these places have trading shops.

[The_Rural_Juror]

I once filled in for the cleaners at SGL. The women were hawt.
Say no to Plains. They clog the toilets like tp is free. Jerks.

[The_Rural_Juror]

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with oil trading the end goal is usually the big shops. trafigura, glencore, vitol, mercuria, cargill, etc. these are the firms where traders made 7 to 9 figures.

@bcylau Dude! Which physical traders in Calgary make 9 figures??? @max_boost and I are only looking for 7MM.

[Mitsu3000gt]

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@bcylau Dude! Which physical traders in Calgary make 9 figures??? @max_boost and I are only looking for 7MM.

I can't speak for everyone but none of the ones I know make 7 let alone 9, and I know people at most of the shops he listed. Maybe he's talking about the USA when oil was $120?

[killramos]

What kind of tendies do you get to eat when you make 9 figures?

Asking for SKR

[The_Rural_Juror]

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I can't speak for everyone but none of the ones I know make 7 let alone 9, and I know people at most of the shops he listed. Maybe he's talking about the USA when oil was $120?

You don't make 7? What kind of a trader are you? You're getting max_boost and my hopes up.

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What kind of tendies do you get to eat when you make 9 figures?

Asking for SKR

That's when you move up to the deluxe menu.

[killramos]

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You don't make 7? What kind of a trader are you? You're getting max_boost and my hopes up.

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That's when you move up to the deluxe menu.

So... you get the big box of Tendies AND dip?

[sabad66]

TIL there are traders in Calgary that make 9 figures per year.

Unless i misunderstood and that is the profit for the company which isn't necessarily the salary of the trader?

[Mitsu3000gt]

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TIL there are traders in Calgary that make 9 figures per year.

Unless i misunderstood and that is the profit for the company which isn't necessarily the salary of the trader?

No traders in Calgary are making hundreds of millions of dollars. There are only a handful of CEOs in the world making 9 figures like Elon Musk and Tim Cook to put that in perspective.

[killramos]

That must really put a dent in Calgary tendy sales. No wonder we are in a recession.

[The_Rural_Juror]

Probably not a lot of these kinds of compensation arrangements around.
https://en.wikipedia.org/wiki/Brian_Hunter_(trader)

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No traders in Calgary are making hundreds of millions of dollars. There are only a handful of CEOs in the world making 9 figures like Elon Musk and Tim Cook to put that in perspective.

Are you calling @bcylau out?

[Buster]

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No traders in Calgary are making hundreds of millions of dollars. There are only a handful of CEOs in the world making 9 figures like Elon Musk and Tim Cook to put that in perspective.

[Mitsu3000gt]

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Pfft, that's a mere 7 figures.

[The_Rural_Juror]

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Pfft, that's a mere 7 figures.

That's 8 figures, sir.
Tim Apple made 9 figures last year! Elon Musk "made" 11 if he ever takes money out of his companies.