JE CN

Just Energy Group Inc

Energy


Presented:02/28/2013
Price:CA$7.75
Cap:$0.87B
Current Price:CA$0.03
Cap:$0.00B

Presented

Date02/28/2013
PriceCA$7.75
Market Cap$0.87B
Ent Value$1.61B
P/E RatioN/A
Book ValueN/A
Div YieldN/A
Shares O/S141.28M
Ave Daily Vol590,000
Short IntN/A

Current

PriceCA$0.03
Market Cap$0.00B
Just Energy Group Inc., through its subsidiaries, primarily retails natural gas and electricity in the United States, Canada, and the United Kingdom. The company operates through Consumer Energy Marketing, Commercial Energy Marketing, Home Services, and Other segments. It sells primarily natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts under various trade names comprising Just Energy, Hudson Energy, Commerce Energy, Smart Prepaid Electric, Amigo Energy, Tara Energy, and Green Star Energy. The company is also involved in the installation, sale, and rental of tankless water heaters, furnaces, and air conditioners; sale of smart thermostats; and provision of protection plans. In addition, it offers green energy products under the JustGreen name. Just Energy Group Inc. was founded in 1997 and is based in Toronto, Canada.

Please note, this idea was updated on 5/16/2014 and can be read here: SHORT — Just Energy Group Inc (JE CN) (Update).

Highlights

The presenter is bearish on Just Energy’s business model heading into what could be a tighter power supply season than has been seen in recent years. Low (and falling) natural gas prices benefit residential suppliers of power who have to match supply and demand. If prices rise as we head into this summer, he expects JE’s stock will come under pressure as the company’s fundamentals deteriorate. In addition, he reviewed the following factors influencing his short thesis:

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Idea Discussion

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