A cure for Enron flu
Brett Humphreys discusses recent events in the energy sector and the role risk managers can play in improving the industry
The energy trading industry is at a crossroads. The failure of Enron has removed the dominant industry participant, and repercussions are still being felt. Stock prices for the entire sector have fallen and investors and analysts remain extremely skittish. Rating agencies are pushing trading companies for much greater business detail and downgrades have become common rumours.
Even to a casual observer, it is obvious the energy industry is sick. But the cause of the illness is
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