GREY:CRIUF - Post by User
Comment by
ROIcrusaderon Oct 30, 2017 5:09pm
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Post# 26878567
RE:Equation
RE:EquationSukhi... Comparing Altagas to Crius is a recipe for disaster. Altagas is a utility play, they don't actually sell much gas. They transport it, generate electricity via various projects, but generally don't produce gas. Crius, is an energy retailer, and offers fixed price contracts to commercial and retail customers which are hedged on the market. If you look at the last large plunge with this name, it was due to improper hedging. The weather turned cold and they had to buy gas/elec at the market and sell it into fixed contracts at a loss. I guess what I'm saying is that to apply a statement for Altagas, to Crius, would not be just a straight across simple comparison.