RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The question of $100 oil is only WHENObviously JE is getting killed right now with the soaring nat gas and electricity prices down south.
Their whole business model is selling fixed rate contracts to customers, which is predicated on the fact that the company can buy said electricity/nat gas to deliver for a price lower than the fixed rate
This big unexpected price spike obviously throws a wrench in their turnaround plans...pretty brutal after the restructuring of last year, which basically saw common shareholders wiped out.
2020oilgamble wrote: JE.....
Massive restructuring last year....
Wouldn't recommend.....
But I have been wrong before...
Backinblack1000 wrote: 2020oilgamble wrote: just energy (je) just delayed their financials today because of the impact to their outlook, and removed their guidance (not usually a good sign)....
Above just an fyi, but it'll be real interesting to read which way they are going to swing on this one
As for ATH, rise, fall...settle in middle....same as usual
Backinblack1000 wrote: Duh...what did they think free electricity....oh boyyyyyyyyyyyyyyyyyyyyyyy
Chris007 wrote: LOL...obviously no one was "warned" about the additional costs. However, this cold snap in the south west is pretty unusual to say the least. Coldest weather there in approx 30 years. Pretty safe to say the entire state was caught off guard.
quote=lovehockey]Last year traveled to Houston and saw fairly many Teslas, which surprised me a lot. However I would say Seattle had probably 3 to 4 times more per 1000 vehicles. In any case I saw on twitter that spot prices for electricity in some areas of Texas went up as much that it would cost 900 bucks to fully charge your Tesla. I bet Musk didn't warn them about these potential additional costs.
4.94% today, i am not complaining....think in at .20ish so no complaints...never heard of je...
for the timebeing...i am
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