InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Crescent Point Energy has implemented the InstaNext platform to manage their significant hedge portfolio.
Headquartered in Calgary, Crescent Point is a leading North American oil producer focused on the development of high-return resource plays with a significant asset base in western Canada as well as North Dakota and Utah. Crescent Point actively hedges commodity prices using a portfolio of swaps, options and swaptions to manage cash flow risk, as well as forecast percent of production hedged.
Crescent Point will take advantage of InstaNext’s reporting tools to generate their internal and external accounting disclosures and will use the accompanying accounting module to provide monthly journal entries. They will also utilize the system’s Coverage Analysis capabilities to manage and report on their production hedged. In addition, Crescent Point will use InstaNext’s risk management tools to run hypothetical market scenarios in order to quantify the potential impact on their hedging portfolio.
Within the InstaNext platform, Mark to Market, Risk Management, Market Data, and Reporting can be accomplished with increased automation while reducing the error-prone nature of traditional spreadsheets. “With the addition of Crescent Point Energy to our existing customer base of Calgary E&P’s, it further establishes that InstaNext is a key software player within the Canadian region,” noted Richard Kulaszewski, EVP of Sales at InstaNext. “It proves that our excellent products, industry knowledge, and great service pay off in the long run and we offer real value to our customers.”
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 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.
For more information please visit our website at www.instanext.com.