Just Energy Group Inc. (Canada) T.JE

RE:wow

[inves20]

the market does not like a loss of 46,000 customers.
The net additions was -13% of customers compared to last year.
Customers are not going to switch over to a fixed contract when prices for NG keep falling month after month, and spring is in the air, customers are just not in the mood to talk about their NG bill when the utilities just keep delivering cheaper.
Bottom line says they are now venturing into European new markets, well that means they have some hiring and training to do, and that says money losses coming.
Don't look for the two billionaires to bail you out with more share purchases this year, all their portfolios are hurting hurting hurting with the market sell off, Pattison's Westshore terminals are not shipping as much coal, car sales are not robust as Alberta layoffs in the oil patch are causing consumers to take a hunker down and don't buy anything mood.