Testimonial
The
Sokolis Group is qualified in the areas of purchasing, procurement,
fueling, hedging, and audit management. In addition they are creative
and always professional in their approach. We have entrusted the
management of this critical expense area to them with complete
confidence.”
James
Cappelli
Executive
Vice President
FUEL MANAGEMENT
Budget/Risk Management
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Sokolis Group's ability to secure price caps and guarantees that insulate you from sudden and dramatic price fluctuations makes it possible to accurately and confidently budget fuel costs over longer periods of time. We will help you develop a budget based on your customized fuel program and give you the tools to measure actual costs against budget on an ongoing basis.
Sokolis Group and collaborative resources available to them help achieve security of supply, cost efficiency and a solid risk management program for your company.
Our industry partners in the commodities sector are some of the best in the country. They will assist us in setting up your risk management program.
Hedging vs. Speculating
Speculator:
- Individuals (or funds) that trade in futures contracts for the purpose of making a profit by buying low and selling high, without holding offsetting physical positions.
- Profit or loss treated as investment income
Hedgers:
- Hold offsetting positions in the market for physical commodity; speculators do not
- Are trying to stabilize their revenues or cost
- Hedging gains or losses are part of cost of goods sold
.
