Just Energy Group Inc. (Canada) JENGQ

30% drop

[juniorcal]

How ever I got in at higher price but learned not to sell after huge drops With large volume like this . Be waiting for some pull backs

[GaillardDeshaie]

Same as you Junior, there is not much thing to do until February 26th for the results of Q3 and get more details from Weather Event.  JE was in a good trend since last few quarter and it is really bad to see what is happen in Texas.   Yes JE could have a bad result for Q4 and FY but the insurance company could be much worst.  Bonne Chance..GLTA.

[Capharnaum]

I don't think they have insurance for that kind of loss.

[pointer]

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[GaillardDeshaie]

Hi Pointer, thanks for your advise.  You may have more information that I have.  If JE was at risk with a Weather Event like this, I'm very nervous about their management skill.  I don't know how many customers they have in Texas and how many has been under contract with fix rate but if so, nobody did the evaluation of risk.  We will have a better idea Friday. 

[pointer]

This post has been removed in accordance with Community Policy

[Capharnaum]

If they had insurance, they would have been required to mention it in their latest news release. It looks like they're hoping for some kind of government relief to cover the costs, else they could default.