Last Call for Energy Derivatives Class, April 9-10, Houston Derivatives For Energy Professionals Derivatives         For         Energy Professionals         Two         Full Days, April 9Â10, 2002 Houston, TX Upcoming         Class Date:         Two  Full         Days, August 6-7, 2002 Early Bird Special Deadline is         July 3rd Houston, TX Â  Energy         Consumers and ProducersÂ Are         you a consumer that hesitated to buy forward in 2000 or bought too soon         last year?Â  Are you a         producer who hedged too early in 2000 and did not hedge enough in early         2001?Â  Did you take undue         credit risk because you did not know how to estimate exposure?Â          Are you comforting yourself with the fact that you did not hedge         to make money?Â  Let's face it - you did not hedge to lose money either.Â          Kase's Derivatives for Energy Professionals will provide you with         the indispensable strategies and tactics you need to avoid costly errors         and equip you to make the important hedging decisions necessary for         survival in today's treacherous marketplace. Content The             Derivatives Market Buying             and Selling Forward Hedging             Long and Short Positions Trigger             Deals, EFP's, Swaps Hedging             Spreads and Basis Volatility             and Options Hedging             with Options Hedging             with "Exotics" Market             Behavior in Favorable Price Environments Market             Behavior in Adverse Price Environments Developing             a Strategy to Match Risk Appetite Selecting             Appropriate Instruments Developing             Policies and Procedures             Â               In         This Class You Will Learn About How             futures and OTC derivatives work Hedging             prices, basis, margins, and spreads Math             for volatility, VAR, Monte Carlos Options,             including puts, calls, floors, caps, synthetics, and more Cost-reducing             hedge strategies, such as three-way collars, option spreads How             the market behaves, including how long bull and bear markets             typically last, how contango or backwardation effects hedging, the             impact of removing hedges What             hedge maturities should be used Considerations             for custom strategies Developing             policies and procedures Registration   Fees Include a Copy of KaseÂs video ÂEffective Risk ManagementÂ Early         Bird Deadline forÂ    August 6-7 Class is June 3rd Early         Bird Special: Â $895.00 Two or More Early Bird:Â  $825.00         Regular:Â  $995.00         Two or More:Â  $895.00 Marriott         West Loop, Houston $135         Per Night Â Kase Class Rate         (713) 960-0111 Reservations Phone         (713) 624-1517 Reservations Fax         1750 West Loop South         Houston, TXÂ  77027 For         More Information Go ToÂ. www.kaseco.com/classes/derivatives.htm         Â           Â     Kase and               Company also offers In House Training Classes. For more               information about Kase In House Training Classes please email us at:               kase@kaseco.com  (505) 237-1600. Kase and Company also has an         upcoming  Learn Technical Analysis Class on June 11-12, 2002 in Houston,         TX.Â For more         information about Learn Technical Analysis and what will be covered go         to... www.kaseco.com/classes/tech_analysis.htm