About
Passion. Experience. Diligence.
Welcome to the family of companies at Tennessee Ventures LLC, where a rich history of oil trading expertise meets a commitment to innovation and sustainability. Our roots go back to 1992 with the formation of Petrolea Oil Corp. by Virgilio Sr. and Oil Trading Consultants, which later became Veotoro under Virgil Jr. in 2008. All of our companies were built around the strategy of oil trading and a deep understanding of the fossil fuel industry.
As a family with a strong connection to Venezuela, oil is in our veins, and we have a proven track record as successful traders with PNL responsibility and skilled risk managers. Over the years, our team has navigated numerous challenges and crises, including the Gulf Wars, the Enron collapse, 9/11, and even the unprecedented events of 2020 during the COVID-19 pandemic and negative oil prices.
Now, we leverage our expertise to help companies transition, change, and invest in the new energy space. As the world moves away from fossil fuels and towards a more sustainable future, we are here to guide our clients in their innovation and evolution. With our focus on ESG compliance, systems, markets, and enterprise risk management, we are equipped to help our clients manage the challenges and opportunities of the changing energy landscape.
Join us in our mission to create a better future through smart, sustainable investments in the new energy sector.
Leadership
Virgilio ("Virgil") A. Guma is a highly experienced executive with nearly 25 years in global energy markets. He excels in trading both physically and with financial derivatives, domestically and internationally. Guma's expertise lies in building and managing sustainable revenue streams in volatile energy marketplaces, particularly in crude oil and commodities trading. With a strategic mindset, he has successfully executed growth initiatives across operations, sales, risk management, and cost control.
Guma held senior leadership positions at Delek US, where he developed the company's Enterprise Risk Management Framework and led commodities risk management. As SVP and Chief Risk Officer, he chaired the Corporate Joint Risk Committee, while as VP of Financial Trading, he established commercial trading activities and implemented robust risk infrastructure and policies.
Known for his exceptional leadership and mentoring abilities, Guma is a dynamic and collaborative team leader with strong communication skills. Fluent in English and Spanish, his contributions span enterprise risk management, trading risk policies, derivatives, and financial trading. He possesses a keen problem-solving ability and a creative mindset.
Previously, as Managing Director and President at Veotoro Management, LLC, Guma spearheaded the development and launch of a global trading operation with full accountability for business development, risk mitigation, and profitability. Drawing on his entrepreneurial mindset, he harnessed his perspective to drive growth through exclusive trading strategies tailored for institutional and professional accredited investors.
Virgil is a senior executive manager renowned for his success at major oil companies, investment banks, and trading houses, making him a valuable asset in the energy market.