Just Energy Group Inc. (Canada) JENGQ

insurance IF its still in force and the clowns didn't cancel

[testomax]

The Insurance provides up to USD $25 million of insured limit per event, USD $50 million per year and USD $225 million of limit over an eighty month term, covering risks such as loss of income due to natural perils, sabotage, terrorism including cyber-attack, increased cost of supply from damage to supply and distribution infrastructure, interruption due to damage to customer property, losses in excess of Just Energys weather derivative program recoveries, and any unforeseen or unplanned weather related loss. The coverage period starts as at August 1, 2018 and the initial premium is USD $9.5 million per annum adjustable annually depending on loss experience. The policy structure allows for annualized amount of up to USD $6.5 million return of premiums depending on loss experience and can be cancelled annually.

[Tradestay]

I believe they cancel the insurnace, check the transcript on the last earnings call. Based on what I read and understand they cancel it this fiscal year citing it did not perform in the past and not worth it. That's some shitty luck , paid so much premium and just when you might benefit its cancelled.

[testomax]

This board and management team are only good at shitty luck it seems.....

[GaillardDeshaie]

Hi, is there anyone good an idea of how many customers from JE are in state of Texas? Compared to all JE customers.  And how many are on Fixe Pricing contract compared to Variable?  I will not be surprise if it is 50/50.  If the manager from JE decided to cancel the insurance on Weather Event, I hope they put money in trust, just in case!!!!  Is it possible those upper manager

[happyInvestor1]

this is silly. one or 2 day without power will not change anything for JE. this is just to scare the week hands.

[SlickRick40]

Testomax how have your shares performed? They must be -95% at this point. You've been posting here since 2010 or sooner.