Westlark Advisors Helped Connecticut’s Rural Fuels With Supply and Risk Management
As a growing business, we needed to add a layer of expertise and sophistication to our supply and risk management efforts.
Rural Fuels was founded as a response to the increased demand for propane in post-war America and has been supplying fuel to Connecticut since 1947. The business grew from only supplying propane to now providing propane, heating oil and HVAC services throughout the state. Rick and Ann Rowan, Rural Fuels’ Past President and Office Manager, sought Twin Feather’s services to add a layer of expertise and sophistication to their supply and risk management efforts.
At first, we focused on Rural Fuels’ annual supply contracts. They had contracts with multiple vendors, and we secured more favorable contract pricing across their portfolio. We then optimized the scheduling system for the loads delivered to their bulk plant, achieving time savings with each load. Next, we oversaw purchasing of hedges and swaps to take advantage of market dips. Finally, Westlark Advisors constructed a blended pricing program favorable for Rural Fuels and their customers.
Westlark Advisors saved Rural Fuels from hiring additional personnel by coordinating and streamlining their supply and risk management roles. Partnering with Westlark Advisors was a massive win for this local company, especially in a tight labor market. Rural Fuels made more informed decisions with the knowledge and insight Westlark Advisors shared. Plus, taking on Rural Fuels’ annual contract negotiations alleviated a significant amount of stress for Rick and Ann and allowed them to focus on daily operations instead.
Westlark Advisors worked closely with the Rural Fuels team to communicate updated market conditions on a regular basis. We were available when new questions arose, and according to Rick, “We relied on [Westlark Advisors], and they came through for us over and over. They are complete professionals and were a pleasure to do business with.” – Rick Rowan.
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Contact our team to schedule a free consultation with one of our experienced professionals.
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We’ll analyze past year’s performance to identify pain points and areas for improvement, including a comprehensive savings evaluation.
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We’ll recommend the best plan to meet the unique needs of your business and provide a detailed price estimate before getting started.
We enjoy working with Westlark Advisors. Great people who have helped our business!
Westlark Advisors has taken the burden of the everyday supply logistics off our plate and allowed us to focus on our operations in the critical times of the year. They have educated our team along the way and helped us brainstorm options/risks that fit our business model. Westlark Advisors has allowed the Tevis organization to explore opportunities within the supply and hedging arena that we would not have been exposed to without the relationship.
We experience less angst when making a futures purchase.*
They not only taught us how to plan and diversify our supply, but also new ways to protect the price. They have been great at negotiating supply deals and putting plans in place to know we will be secure when the market is not. I am confident that if things get tight we will be in a better position than our competitors.
We can’t say enough about the high level of service the entire team provided us. We relied on them and they came through for us over and over. They are complete professionals and a pleasure to do business with.
It has been one of the best decisions that our company has ever made. The Westlark Advisors team have looked after our interests since day one, and have executed the plan each year very well.
Westlark Advisors has partnered with energy firms since 1998 to provide transparent, value-driven commodity market advisory services.
Canadian Propane Company