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Bullboard - Stock Discussion Forum Just Energy Group Inc. (Canada) JENGQ

Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.

OTCPK:JENGQ - Post Discussion

Just Energy Group Inc. (Canada) > Comments on Increase in Market Activity
View:
Post by Betteryear2 on Oct 18, 2021 3:52pm

Comments on Increase in Market Activity

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) -- At the request of IIROC, Just Energy Group Inc. (“Just Energy” or the “Company”) (TSXV:JE; OTC:JENGQ), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers, announced today that the Company wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

As previously reported, FTI Consulting Canada Inc. (the “Monitor”) is overseeing the proceedings of the Company under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) as the court-appointed Monitor. Further information regarding the CCAA proceedings is available at the Monitor’s website at https://cfcanada.fticonsulting.com/justenergy. Information regarding the CCAA proceedings can also be obtained by calling the Monitor’s hotline at 416-649-8127 or 1-844-669-6340 or by email at justenergy@fticonsulting.com.

About Just Energy Group Inc.

Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. Visit https://investors.justenergy.com to learn more.

https://www.globenewswire.com/news-release/2021/10/18/2315993/0/en/Just-Energy-Comments-on-Increase-in-Market-Activity.html

Comment by navajojoe on Oct 18, 2021 4:20pm
This post has been removed in accordance with Community Policy
Comment by Copperrun on Oct 19, 2021 12:36am
This is required evverytime stocks move quickly to verify that no insider trading is going on. It did slow down a decent run though. See how it trades tomorrow! Matter of facts Puc financing is there Je will probably get compensated and should be out of ccaa hopefully end of the year It's running because it's extremely undervalued
Comment by navajojoe on Oct 19, 2021 9:01am
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Comment by GaillardDeshaie on Oct 19, 2021 8:39am
Well, on this forum, there are lots of people..very differents people should I say.  However, it is nice to see the increase of interest on JE after those scary months.  Actually, I did not find any information or confirmation from ERCOT that JE will receive the $100m US$  or NOT.  Until we will receive the Q2 results, we can hope JE will survive from the weather event in Texas ...more  
Comment by Copperrun on Oct 19, 2021 10:04am
Nothing has been released yet! Lots of people need to be paid out so have to see how it is be disbursed. It's all speculation I strongly believe they will receive there payout and that individuals will get there's. If there was something that said they were getting it this would be over $5 but for now it's all about loading cheapies best of luck
Comment by navajojoe on Oct 19, 2021 10:31am
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Comment by Capharnaum on Oct 19, 2021 11:22am
As of the last financial report, they had around $585M in monetizable assets (liquidities + other assets that they can acceptably convert to cash). On the other, they had $946M in payables (waiting for CCAA) and they had $622M due on their debt. Even if they get $100M USD, it's all going to go to the creditors, it's not like the common shareholders will see its colour. Last quarter ...more  
Comment by navajojoe on Oct 19, 2021 11:43am
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Comment by Copperrun on Oct 19, 2021 5:43pm
That debt is also spread over Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. I total those 7 companies are making 5 billion + annually. 1 billion in liabilities is nothing
Comment by navajojoe on Oct 19, 2021 8:37pm
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Comment by navajojoe on Oct 19, 2021 9:56pm
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Comment by Copperrun on Oct 19, 2021 11:52pm
Closer to $6 billion in annual revs between all 7 companies that's not included just energy solar and coin revs
Comment by navajojoe on Oct 20, 2021 8:39am
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Comment by GaillardDeshaie on Oct 20, 2021 9:14am
Copperrun, I don't know where you found this revs number..it is more for 2021 $2,740m canadian $. And for the 1st Q1 2022, the revs was $608m canadian $.  Please could you provide where your numbers are coming from?  Merci beaucoup.  DYOD & GLTA.  Gaillard.
Comment by navajojoe on Oct 20, 2021 9:28am
This post has been removed in accordance with Community Policy
Comment by Copperrun on Oct 20, 2021 7:01pm
Of all 7 companies... Hudson energy alone does 3 billion in revs
Comment by Copperrun on Oct 20, 2021 7:04pm
https://www.hudsonenergy.net/why-hudson/#!/why-hudson
Comment by Capharnaum on Oct 20, 2021 7:18pm
So, in your opinion... is Just Energy lying when they are filing financial reports to the authorities with $2.7B of annual sales which includes 100% of Hudson Energy sales, or is Hudson Energy boasting a number that's at best a misrepresentation of facts on their website? One of the two can't be right...
Comment by Copperrun on Oct 20, 2021 7:21pm
Search up PARENT COMPANY
Comment by Copperrun on Oct 20, 2021 7:24pm
It does not count towards their revenue I just brought it up to HIGHLIGHT Just Energy is not going anywhere their recap plan is the only thing that can screw us. But it has to be votes upon. The company (pimco) voting on it is not going to want to screw them selves over just a thought
Comment by SlickRick40 on Oct 20, 2021 9:00pm
Pimco manages bond funds. The last thing they want is private ownership of a failing natural gas contract marketer. This has been a house of cards now for over a decade. Even the bond owners don't want this toxic sludge.
Comment by Copperrun on Oct 20, 2021 10:02pm
Lol look again
Comment by Capharnaum on Oct 20, 2021 10:21pm
Just Energy being the parent company of Hudson Energy means that all of Hudson Energy has to be included in Just Energy's consolidated financial statements. So, if Just Energy's consolidated financial statements show $2.7B in sales for 2020, then Hudson Energy's revenue can only be lower than that. In fact, the $2.7B in sales is the consolidated revenue of all their subsidiaries.
Comment by Copperrun on Oct 21, 2021 9:37pm
Hey Slickrick Pimco actually has around 13 million shares above $2 here
Comment by Capharnaum on Oct 20, 2021 8:23pm
Maybe you should learn what consolidated financial statements are...
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