Commodity Trading & Logistics: Brief Case Study Summaries

Risk Management: When a highly successful privately-held trader wanted an expert’s view of risk management, they turned to Opportune.   Our independent view of the traders’ policies, controls and risk oversight have provided a roadmap for ongoing improvements, and Opportune also annually provides the traders’ lenders with frank insight into the status of commodity risk management. Restructuring: Unauthorized trading at a privately-held trader resulted in significant losses, causing serious internal issues and problems […]

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2017 Energy Outlook

  Upstream As with any commodity based business there are cycles, in this case the worldwide over supply of oil has resulted in significant price swings from approximately $100 per barrel in the third quarter of 2014 to below $30 in early 2016. The rebound above $50 per barrel can be attributed to supply rebalancing and the recent OPEC announcement to reduce output in 2017 to 32.5 billion barrels per […]

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Power & Gas: Process & Technology: Allegro Natural Gas Implementation

North American Power (NAP) is a retail power and natural gas supplier based in Norwalk, Connecticut.  Founded in 2009, NAP has over $250 million in revenues and has been recognized by Forbes as one of America’s Most Promising Companies, and by Inc. 5000 as one of America’s Fastest Growing Private Companies.  NAP engaged Opportune to be a system implementation partner for Allegro Natural Gas. Opportune’s Process and Technology experts worked […]

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Power & Gas: Process & Technology: Allegro Retail Power Implementation

North American Power (NAP) is a retail power and natural gas supplier based in Norwalk, Connecticut.  Founded in 2009, NAP has over $250 million in revenues and has been recognized by Forbes as one of America’s Most Promising Companies, and by Inc. 5000 as one of America’s Fastest Growing Private Companies.  NAP engaged Opportune to assist with one of the first Allegro implementations for their new Retail Power offering targeted […]

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Restructuring: Gawker Media, LLC: Chapter 11 Bankruptcy Filing

Gawker Media, LLC was an online digital media company based in New York, New York.   Its publications included Gizmodo, Lifehacker, Jezebel, and Deadspin.  Opportune LLP was engaged by Gawker Media to provide essential restructuring support during its Chapter 11 bankruptcy filing and through the eventual wind-down of the estate. Leading up to the auction of Gawker Media’s properties in August 2016, a principal of Opportune served as its Chief Restructuring […]

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Midstream: Restructuring: Southcross Chapter 11 Filing

The Term Loan B lenders for Southcross Holdings LP, a midstream company with facilities and pipelines in south Texas, Mississippi, and Alabama, engaged Opportune to assist in operational analysis and advise on the ensuing restructuring of the company. Opportune served as the financial advisor and analyzed the company’s business plan. This analysis involved a comprehensive asset review, evaluation of individual producers, detailed assessment of future capital expenditure needs, and examination […]

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Upstream: Corporate Finance: Final Settlement Statement and Transition Services Statement Review

A Houston-based, private-equity backed exploration and production company (the Company) is focused on the acquisition and development of producing oil and gas assets in North America.  The Company purchased offshore properties located in the Gulf of Mexico from an undisclosed seller (the Seller) effective July 1, 2013 for $3.8 billion. The Company engaged Opportune to review the final settlement and transition services statements (FSS and TSS, respectively) proposed by the […]

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Process & Technology: CTRM Business Startup

An investment bank and commodity trader with Russian roots started up a physical commodities business.  The company chose OpenLink RightAngle to support their new physical business. The company engaged Opportune to lead the delivery of the greenfield Commodities Trading and Risk Management (CTRM) solution. While leading the delivery of the front-to-back CTRM solution, Opportune’s Process & Technology consultants also supported the setup of a new physical trading business in Europe.  […]

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