Saracen is engaged in physical and financial trading in the North American energy commodity markets. Founded by Neil Kelley in 2004, Saracen executes diversified strategies in multiple energy markets: electric power; natural gas; crude oil and refined products; coal and emissions. The firm employs a fundamental based, relative value approach to identifying and exploiting pricing inefficiencies across time, quality, location and commodity classes. It includes strategies to capture and protect value around energy transportation, storage and conversion assets. Saracen applies rigorous quantitative analysis and risk management techniques to optimize performance across its diversified energy portfolio.