Steve Sly is the President of Stabilitas Energy, Inc. with over 20 years of experience in the energy industry and over 30 years of experience with mathematical and statistical modeling and undergraduate teaching. Steve works with many clients helping them hedge energy related risks. He also leads consulting projects, including: developing structured risk management game plans, modeling structured pricing, delivering mark-to-market reports, performing hedge accounting analysis (ASC 815/FAS 133) and documentation, helping clients with contract and credit requirements, and writing risk policies. He emphasizes the quantifying and hedging of direct fuel & fuel surcharge and weather related risks. Steve specializes in alternative risk solutions, such as multiple trigger options tying weather derivatives to various commodities in natural gas, heating oil, and power. Steve has numerous years brokering, trading, and structuring energy risk management solutions for corporate hedgers. Steve is Series 3 and Series 30 licensed.
Jim Baldauf is the EVP of Business Development and a leader in finance and business development focused on the energy sector. After starting his career in natural gas Jim has gone on to work for several energy and financial companies before starting his own company. With a mixture of subject matter expertise and relationship management, Jim brings all the tools necessary to help clients succeed. Jim brings with him an extensive and cultivated network of people and resources to all his endeavors. Jim has been recognized for his community service and involvement with several advisory groups.
Chris Robino is the EVP of Marketing and Technology. Chris has 30 years of leadership experience building business and guiding leading organizations. An accomplished corporate strategist and senior project manager, his vision and expertise in organizational performance have driven notable achievements in the energy and healthcare sectors. Offering a combination of creative and operational strengths, Chris is recognized for his success in performance marketing and productivity.
CONSULTING EXPERIENCE
We have 50 years of energy hedging and trading experience, the majority of it in the commodity risk management field. We provide our clients with a rare blend of business, technology, risk management, strategic planning and consulting skill combined with a strong work ethic and high level of professionalism.
Consulting Services Description
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Historical Statistical Data Analysis |
Price and volume summary & correlation analysis |
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Risk Analysis Assessment |
Analysis of forward price, basis risks, and risk/rewards of various hedge structures and hedge indexes |
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Detailed Buying Matrix |
Detailed Hedge Plan that included Price/Time triggers with appropriate structure and index with which to hedge |
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Fuel Surcharge Analysis |
Analysis of shipping costs incurred via trucking, railroad, barge, airline, container and ocean vessels |
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Accounting Treatment |
Hedging accounting qualifications and testing results |
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Mark to Market |
Monthly detailed mark-to-market report and methodology |
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Post Hedge Evaluation |
Quarterly hedge effectiveness updates for hedge accounting and determining the effective costs after hedge settlements; Show hedge is offsetting physical price risks |
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Retail Purchase Optimization Analysis |
Quantitatively looking at prices vs. benchmarks from the city, zip, state and brand pricing to optimize physical purchases |
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Hedge Structure Education, |
Providing charts and tables of different hedging strategies such as calls, call spreads, collars, swaps and puts and their respective cashflow risks |
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Hedge Execution |
Accessing a network of credit worthy underwriters under a brokerage agreement |
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Energy Market Analysis |
Updates of energy fundamentals, technicals, flow of money and impact of weather. Evaluate the changing inputs vs. potential changes in prices |
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Economic Environment |
Evaluating U.S. and world economic and political inputs and their impact on energy price moves |
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Risk Policy |
Writing custom documents covering authority limits, reporting rules, communication guidelines across functional area, position limits and available hedge products |
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Strategy Back Testing |
Evaluation of different hedging strategies and outcomes over historical spot and forward price histories |