InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announces Seven Generations as their newest energy customer.
Headquartered in Calgary, Seven Generations is an independent, publicly-traded (TSX: VII) energy company focused on the acquisition, development and value optimization of high-quality, tight-rock, natural gas resource plays. Seven Generations differentiates itself through its core attributes: the quality of its liquids-rich asset, large resource size, desirable location and market access, a high degree of operational control, proven and innovative technical execution and unique operating approaches.
Seven Generations has licensed the InstaNext platform to manage their crude oil and natural gas derivatives and hedging activity. The energy company required a system that could help reduce the numerous spreadsheets used to mark to market, reconcile, and settle trades, in addition to providing the necessary coverage and risk analysis. InstaNext’s advanced analytics tools will provide Seven Generations with coverage and projection details for each of their locations and in the process, simplify the management of their reconciliations and reporting requirements. By implementing the InstaNext solution, Seven Generations will be able to streamline business processes and reduce their reliance on spreadsheets for their projections and hedge analysis. Seven Generations’ requirements mirror the E&P industry’s challenge of providing more value in the hedging markets vs. forecasts in order to improve margins,” stated Richard Kulaszewski, EVP of Global Field Operations. “The InstaNext solution we developed highlights the critical value of hedging and hedge limits in a cost effective capacity.”
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.
For more information please visit our website at www.instanext.com.