Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy

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Crius Energy Trust Tr Unit > Ink Insider reports !!

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Comment by Sadie222on Nov 30, 2018 4:39am

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RE:RE:Ink Insider reports !!

IIRC solar is gone. There will be a final $2m hit this quarter.

deisman03 wrote:
They need to be extremely careful at this point in their restructuring.

Solar is still on their books and draining MONEY.

As far as JE taking over Crius, possibly but not likely. JE already has more debt than is should have on its books.

Predawn, you're right that Crius could quickly turn into a lucrative hostile takeover attempt very soon. The next few quarters will give us some indication.

If they can eliminate Solar, by whatever means, likely just letting it go. That will turn this trust back into the cash cow it was just over a year ago.

That will lead to either some much higher unit prices or someone like Cannacord taking them over and changing the business model so they can strip the company of the cash, for a quick, dirty profit, at the expense of the unit holders. Then break up what's left and sell the customer data base.

With the present changes in managment, I don't see that happening. Buttttttt???

GLTA the good folks here