OTCPK:JENGQ - Post by User
Comment by
GaillardDeshaieon Oct 05, 2021 8:32am
148 Views
Post# 33966011
RE:RE:RE:Smells like bankruptcy in the airrrr 💸🙀ðŸ˜
RE:RE:RE:Smells like bankruptcy in the airrrr 💸🙀ðŸ˜Capharnaum wrote: 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 ($215M as of June 30th). Doesn't solve the liquidity problem, but at least should cover them some.
Hi everyone, The 2nd Q has just been ended on September 30th. We should get the results mid of November and we will see the trend of the company. Just remember Q1 wasn't that bad at all and they are expecting to recover 100$ millions US from ERCOT. Time will tell...very shortly. DYOD and GLTA Gaillard.