InstaNext Inc, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Bonavista Energy Corporation has chosen the InstaNext platform to manage the hedging of their crude oil and natural gas production business.
Headquartered in Calgary, Alberta, Bonavista Energy is a Canadian oil and natural gas producer that has been focused on the creation of long-term value through a balanced approach of production growth and dividend income since 1997. The company prides itself on being one of the most efficient producers in the industry, the result of bringing together excellent people, in addition to having an experienced leadership team with a proven track record of managing BonaVista’s high quality assets.
“Following a thorough testing period, Bonavista became convinced that InstaNext is a robust and powerful system, and we are thrilled to announce them as another one of our satisfied E&P clients” stated Richard Kulaszewski, EVP Global Field Operations. Bonavista was impressed with InstaNext’s ability to manage commodities from across the energy sector while providing full risk management and analytic capabilities. They selected the platform because of its flexible architecture and ease of configurability to support their hedging business. Bonavista plans to use InstaNext for their daily operation of swaps, OTC options and basis, covering their full commodity portfolio of crude oil and natural gas in various markets and currency variations. Leveraging InstaNext’s advanced reporting and analytics capabilities, Bonavista will be able to customize their financial reports and prepare additional reports to present to their management team. The energy company believes InstaNext will be able to provide the necessary adaptability and requirements to move them in the right direction towards future growth.
About InstaNext Inc.
InstaNext is comprised of a team of software and technology experts in the fields of commodity trading, hedging, and risk management. With an extensive portfolio of prior successes in the CTRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of the complex commodities world. The InstaNext platform simplifies every aspect of commodity trading and risk management. The multi-market platform allows companies to analyze their positions in real-time via its powerful analysis capabilities. With InstaNext, historical and scenario-based data can be used to compare current positions against changes in the market, allowing for more effective management of portfolio risk and ensuring profit margins are secure. Using the latest cloud-hosted technology, InstaNext can be implemented quickly and with low risk.