Post by
Azzo100 on Oct 09, 2020 10:42am
Just Energy +23% after PIMCO holds 28.9% stake
Shares of Just Energy (NYSE:JE) surge 23% premarket after Pacific Investment Management Company (PIMCO) disclosed 28.9% stake in the company. PIMCO acquired ~13.9M shares for a total of $38M, following a recapitalization in which the entities had obligations to backstop an offering of new common shares.
Comment by
Apollo6666 on Oct 09, 2020 2:46pm
Looking for big gap open again on Tuesday morning. Stimulus Package pending, exciting times ahead for JE & natural gas. DYODD