Larry Desmeules
Calgary,Canada
Summary
Adept at navigating the complexities of the gas and electricity markets, I led transformative strategies at ALTAGAS LTD, optimizing transport routes and spearheading regulatory negotiations. My expertise in commodity price analysis and ability to mentor teams has consistently driven market success and operational efficiencies, showcasing a blend of technical acumen and leadership prowess.
Overview
20
20
years of professional experience
Work History
Director, Utilities and Transmission Services
ALTAGAS LTD
Calgary, Canada
01.2001 - 12.2017
- Supervised gas control and marketing team of 5 members, transporting and trading natural gas across Canada and into US
- Team provided pricing for retail and wholesale counterparties for natural gas, natural gas liquids, and electricity transactions
- Managed company owned and operated pipelines providing regulatory, marketing, operations, and budgeting oversite requirements
- Represented utility corporate and customer objectives within industry forums hosted by pipeline companies or regulatory bodies for Pacific Northern Gas, Heritage Gas, and AltaGas Utilities
- Represented company’s interests in regulatory forums and committees hosted by pipeline companies or regulatory bodies
- Secured transportation routes, addressing customer and regulatory requirements
- Certified and coordinated transport requirements, adhering to corporate objectives and contractual obligations
- Advised strategies to management on navigating regulatory hurdles, achieving project developments, such as Joffrey Ethane Extraction Rich Gas Streaming deal with TransCanada
- AltaGas Utilities helped manage transformation to de-regulated marketplace with 3rd party retailers
- Right sized gas control and marketing team from 6 controllers and 4 marketers to 4 controllers and 2 marketers, establishing substantial cost savings
- Adapted company business model from pre-deregulation to post regulation with no disruption to revenue stream
- Completed cost of services transmission pipeline lease on stranded pipeline asset
Director, Natural Gas Trading
COAST ENERGY
Calgary, Canada
01.1998 - 12.2001
- Traded natural gas, currency, and transport products across Canada and into California
- Provided forward pricing and hedging products for industrial ends users and transportation solutions
- Oversaw capital deployment of $4M and mark to market in excess of $9M
- Recommend 2 cent floor price, securing 8-year PGT transport from Kinsgate to Malin California on index spread
- Championed 5-year transport from NIT to ABC border, establishing at discounted rate
Director, Natural Trading Desk
ENGAGE ENERGY
Calgary, Canada
- Coordinated and directed activities of businesses or departments concerning production, pricing and sales.
- Mitigated business risks by working closely with staff members and assessing performance.
- Created effective business plans to focus strategic decisions on long-term objectives.
- Adjusted pricing strategy by anticipating customer needs.
- Used strong issue resolution and communication skills to cultivate and strengthen lasting client relationships.
- Analyzed data to inform decision-making and strategic direction.
- Enhanced customer satisfaction through the development of service improvement initiatives.
- Facilitated collaboration between teams by encouraging open communication channels.
- Ensured compliance with all relevant regulations, policies and procedures.
Staff Natural Gas Trader
AEC OIL AND GAS
Calgary, Canada
- Developed excellent rapport with custom builders to expand opportunities for growth.
- Mentored junior traders on strategies and best practices.
- Allocated block trades for representatives with large positions to accumulate or liquidate.
- Analyzed client capital structures and plans and recommended products and financial strategies to meet needs.
- Maintained current knowledge of state regulations for clearing platforms.
- Executed financial due diligence and created valuation model to establish enterprise value and purchase price.
- Maintained records of all transactions for compliance purposes.
- Analyzed daily margin calls and partnered with representatives to take necessary actions.
- Investigated financial resources and creditworthiness.
- Executed trades in stocks, bonds, options and futures contracts using electronic trading platforms.
- Negotiated contracts for improved pricing and terms of business with suppliers.
- Developed and maintained relationships with customers and assisted in generating sales opportunities.
- Reported on monthly trading activity and volumes for management teams.
- Developed new practices to increase efficient delivery of commodities and product process compliance.
- Stayed up-to-date on marketplace trends and researched items in detail.
Education
Negotiation Strategies -
University of Calgary
Calgary, ABPitts Compressor -
Petroleum Institute
Skills
- Efficient Transport Routing
- Commodity Price Analysis
- Gas Management
- Data-Driven Forecasting
- Cross-Regional Regulatory Guidance
- Pipeline Management
- Gas and Electricity Market Strategy
- Staff development
- Market analysis
- Financial analysis
- Coaching and mentoring
- Industry knowledge
- Decision-making
Additionalrelatedexperience
- ENGAGE ENERGY, Calgary, AB, Director, Natural Trading Desk
- AEC OIL AND GAS, Calgary, AB, Staff Natural Gas Trader
- ENEX TRADING
- NORTH CANADIAN OIL & GAS
- NOVA CORPORATION OF ALBERTA
- AMF TUBOSCOPE
- THE CANADIAN ARMED FORCES
Professional Development
- Negotiation Strategies, University of Calgary, Calgary, AB
- Pitts Compressor, Petroleum Institute
- In-house training, including: Trading Strategies by Cynthia Chase, Technical Analysis, etc.
Timeline
Director, Utilities and Transmission Services
ALTAGAS LTD
01.2001 - 12.2017
Director, Natural Gas Trading
COAST ENERGY
01.1998 - 12.2001
Director, Natural Trading Desk
ENGAGE ENERGY
Staff Natural Gas Trader
AEC OIL AND GAS
Negotiation Strategies -
University of Calgary
Pitts Compressor -
Petroleum Institute
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