•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Ag Energy Co-operative upgrades commodity trading and risk management software to facilitate expansion

    Ag Energy Co-operative Ltd., Ontario’s largest agricultural energy co-operative, has chosen RiskAdvisory’s SAS BookRunner v12 commodity trading and risk management (CTRM) software solution to expand its analytics, reporting and credit risk management capabilities. RiskAdvisory, a division of SAS, is a provider of integrated risk management and analytics solutions.

    Ag Energy, which supplies natural gas, electricity and related services to agricultural organizations in Ontario, including greenhouses, agritech and agrifood firms, began using BookRunner v11 in 2006, when its expanding client base required more complete capture and tracking of energy commodity transaction details. In 2009, Ag Energy began adding more customers when it broadened its definition for membership to enable virtually every type of agricultural business to benefit from its energy supply services.

    That membership expansion has led to a nearly 40% increase in natural gas sales volume over the last three years. In response, Ag Energy is upgrading to BookRunner v12 to take advantage of the CTRM solution’s SAS Analytics Workbench component, a graphical tool that runs analytics and builds credit and market risk models in a centralized and controlled environment.

    “Ag Energy’s upgrade to RiskAdvisory’s BookRunner v12 software will help satisfy our need to better understand current and future financial exposures,” said Bob Webb, Energy Portfolio Manager for Ag Energy.

    Most Popular

    Related Articles

    Lucas Energy enters into line of credit and amendment of senior secured note

    09/02/2015 Lucas Energy Inc. (NYSE MKT: LEI) has entered into a line of credit and an amendment of its senior secured note, effective Aug. 28. Pursuant to the line of credit, and subject to various closing co...

    Swift Energy receives continued listing standard notice from NYSE

    08/18/2015 On Aug 14, the New York Stock Exchange (NYSE) notified Swift Energy Co. (NYSE: SFY) that the company is not in compliance with the continued listing standards set forth in Sections 802.01B and 802....

    Surging Saudi oil production is driving oil prices lower

    08/10/2015 Since June 23, when West Texas Intermediate crude closed at $61/bbl, oil prices have been in meltdown mode, say Raymond James analysts, who, in a recent report, have commented on effects of the cur...

    Diversity lags in oil industry

    08/07/2015

    Having diversity on corporate boards helps prevent 'group think.'

    Quantifying political risk

    08/07/2015

    New PRIX index analyzes political risk in oil markets

    EXCO receives continued listing standard notice from NYSE

    08/04/2015 EXCO Resources Inc. was notified on July 30 by the New York Stock Exchange (NYSE) of its noncompliance with continued listing standards because the average closing price of its common shares over a...

    More Oil & Gas Financial Articles

    Lucas Energy enters into line of credit and amendment of senior secured note

    Wed, Sep 2, 2015

    Lucas Energy Inc. (NYSE MKT: LEI) has entered into a line of credit and an amendment of its senior secured note, effective Aug. 28. Pursuant to the line of credit, and subject to various closing conditions, including the company's common stock continuing to trade on the NYSE MKT exchange, the company has the right to $2.4 million in funding ($200,000 per month for 12 months).
     

    Swift Energy receives continued listing standard notice from NYSE

    Tue, Aug 18, 2015

    On Aug 14, the New York Stock Exchange (NYSE) notified Swift Energy Co. (NYSE: SFY) that the company is not in compliance with the continued listing standards set forth in Sections 802.01B and 802.01C of the NYSE’s Listed Company Manual.

    Surging Saudi oil production is driving oil prices lower

    Mon, Aug 10, 2015

    Since June 23, when West Texas Intermediate crude closed at $61/bbl, oil prices have been in meltdown mode, say Raymond James analysts, who, in a recent report, have commented on effects of the current surging supply of oil from Saudi Arabia, Iran, and Iraq.

    Diversity lags in oil industry

    Fri, Aug 7, 2015

    Having diversity on corporate boards helps prevent 'group think.'

    Quantifying political risk

    Fri, Aug 7, 2015

    New PRIX index analyzes political risk in oil markets

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    View more Job Listings >>
    Subscribe to OGFJ