Just Energy Group Inc. (Canada) T.JE

Energy Savings premise from 20yrs ago is now flawed

[SlickRick40]

For those of you who were around when this company was a fledgling income trust, some 15-20 years ago, the basis for selling contracts to customers was to protect them from NG price spikes. As of today, natural gas is an extremely abundant by-product of light oil that is produced prolifically by US E&P's. My point here is that with NG prices so low, why would North Americans need this insurance? The reality is, consumers don't need to pay for insurance to protect them from $3 ng spiking to $5. Prior to 2010 there were several price spikes stemming from various shortages but the likelihood of $10 ng dwindles as NA hones its fracking techniques and targets low risk zones at Marcellus, Barnett, Eagle Ford and Bakken. (to name just a few) Investors here are completely missing the big picture. The current natural gas market is oversupplied and thus extreme price spikes will be fewer and smaller. The only ones signing up for JE insurance are victims of the company's crooked sales team, that I believe is on contract in effort to avoid litigation linked directly to JE. Rebecca McDonald has milked this cow for 15+ years. Eventually the leftovers will be chopped up and served as organic steak at $10oz to unsuspecting foodies in TO and NY. The recycling of your capital as ignorant investors. Fight and fuss all you want but the erosion of capital is more than obvious to anyone who cares to look.