Capstone Trading Inc.

Capstone works the full hydrocarbon chain as a physical merchant, not a paper trader. It sources crude across every major North American grade, moves wholesale natural gas, handles NGLs like ethane, propane, and butane, blends biodiesel from canola and soy feedstocks, and trades refined products from gasoline to naphtha. The edge is in logistics, blending, and storage rather than directional bets alone.

A Calgary base is the point. It puts the firm next to Alberta's growing NGL output and the relationships with refiners and marketers that turn molecules into margin. From there it operates across North America, pairing macro reads on oil with the micro detail of grade differentials and transport routes, with Houston giving it a foothold closer to Gulf Coast flows.