Just Energy Group Inc. (Canada) T.JE

RE:RE:Smells like bankruptcy in the airrrr 💸🙀😭

[Capharnaum]

navajojoe wrote:

SlickRick40 wrote: The little lemmings who promote this stock are too quiet these days. Contemplating why they put value on a worthless company with a broken business model. How tough will it be to sell nat gas at a premium to today's prices? Impossible sell. Customers going to walk away and will be impossible to find new accounts to replace them.

That's not the worst of it. JE has sold a lot of contracts at lower prices. Did they hedge those sales, or are they going to get caught again like last winter in Texas? If they aren't already done like dinner, that might be the final straw.

They have a fair bit of hedging on their books ($215M as of June 30th). Doesn't solve the liquidity problem, but at least should cover them some.