HEDGING: Protecting Against Price Volatility
Angus Hedging provided the tools to help ABC Trucking gain predictability and stability with their diesel budget for the upcoming year. They are a midsize, last mile, delivery company that steadily grew to over 60 trucks in 10 states over the past few years. With fuel price volatility, their fuel budget went from a cost of doing business expense to a $2+ million dollar spend. At Angus, we provide businesses that use fuel with a variety of hedging solutions to limit their risk to the volatility in the market. Hedging fuel allows companies to protect their future fuel costs and budgets regardless of which gas station or supplier they use.
BRITE: Margin Optimization
Self Heating Company is a full-service heating oil and propane dealer in Southeastern, PA. Like many quality companies, Self has built an outstanding reputation for service honed over three generations of family operation. Currently led by Rob Self, the company offers a wide range of pricing and payment options, including price caps, fixed and variable options for their oil customers, and usage-based pricing for their propane customers. Self also offers a variety of service plans and payment options. Like most companies today, it faces intense competition which sometimes leads to very low margin, retention pricing to save customers.
INTERVIEW + SUCCESS STORY
GREMLIN: Tank Monitors to Maximize Delivery Efficiency
Gary Sippin, CEO of Sippin Energy Products, shares how his company has utilized tank monitors for the past 15 years and why they decided to partner with GREMLIN® tank monitors. The following interview was conducted by Richard Goldberg, President of Warm Thoughts Communications, on behalf of Angus Monitoring Service.
HEDGING: Capped Program for Differentiation
Angus Hedging Commodity Trading Advisors (CTA) provided a 2nd generation retail home heating oil business with a full understanding of a Capped Program offering in order to take back customers being lost to competitors offering pricing programs. After ABC Oil Company set up their capped program using the advice from Angus Hedging CTA’s, they were able to protect their margins and their customers when HDD’s were lower than expected.
INTERVIEW + SUCCESS STORY
GREMLIN: Tank Monitors to Optimize and Increase Average Auto Delivery
Chris Caywood, President of Caywood Propane Gas, Inc., shares how his company used tank monitors to improve his average delivery and best practices for deploying tank monitors. The following interview was conducted by Richard Goldberg, President of Warm Thoughts Communications, on behalf of Angus Monitoring Service.
PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware that you could lose all or substantially all of your investment and may be liable for amounts well above your initial investment.