Just Energy Group Inc (fka JENGQ)

[Golden Cross]

Huge vol

[shurtha2000]

Nice timing Rolling blackouts in TX

[willlbone]

Short sellers will bump the price.

[hondaboost]

Huge dumping with 10 x average volumes: they're dumping at any level before the Commons are cancelled on May 26, 2022.

[hondaboost]

Existing equity to be Cancelled on May 26:

" the Plan will result in Just Energy's emergence from CCAA proceedings and cases commenced under Chapter 15 of the United States Bankruptcy Code ("Chapter 15") pending in the United States Bankruptcy Court for the Southern District of Texas (the "U.S. Court"), preserve the going concern value of the business, maintain customer relationships and retain employment and critical vendor and regulator relationships. The Plan provides that certain creditors will receive cash payments and/or equity in exchange for their debt, and existing equityholders' interests will be cancelled for no consideration.

Just Energy and certain of its affiliates (collectively, the "Just Energy Entities") intend to bring motions before the Ontario Superior Court of Justice (Commercial List) (the "Court") on May 26, 2022 for: "

[shurtha2000]

See quick double here in a few weeks

[shurtha2000]

Power outage in Texas again

[Matmak]

News was out this morning.

[Buckey]

so what what does this news mean?


C:JE Just Energy Announces Proposed Acquisition of its Shares of ecobee Inc.
Stockwatch News <[e-mail]>
Mon 2021-11-01 6:01 PM
Just Energy Announces Proposed Acquisition of its Shares of ecobee Inc.

TORONTO, Nov. 01, 2021 (GLOBE NEWSWIRE) -- 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 Generac Holdings Inc. (“Generac”) announced the signing of an agreement to acquire all of the issued and outstanding shares of ecobee Inc. (“ecobee”), including all of the ecobee shares held by Just Energy.

The acquisition of all the shares of ecobee will be effected pursuant to a court approved arrangement under the Canada Business Corporations Act (Canada). Just Energy will be seeking court approval in its proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) to enter into a support agreement with an affiliate of Generac to vote in favour of the acquisition.

The ecobee acquisition by Generac is valued at up to USD $770 million, contingent on the achievement of certain performance targets. At closing, Generac will pay the sellers of the ecobee shares an aggregate of USD $200 million in cash, subject to customary adjustments, along with USD $450 million in Generac common stock. Additionally, upon achievement of certain performance targets between closing and June 30, 2023 the sellers may receive up to an aggregate of USD $120 million in shares of Generac common stock.

At closing, Just Energy anticipates receiving approximately CAD $61 million, comprised of approximately CAD $18 million cash and CAD $43 million of Generac stock. Just Energy can receive up to an additional approximate CAD $10 million in Generac stock over calendar 2022 and 2023, provided that certain performance targets are achieved by ecobee. Generac stock trades on the New York Stock Exchange under the symbol GNRC.

The acquisition of ecobee by Generac is expected to close in the fourth quarter of calendar 2021, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

For further information regarding the acquisition of ecobee by Generac, please see Generac’s press release at http://investors.generac.com/news-releases.

As previously reported, FTI Consulting Canada Inc. (the “Monitor”) is overseeing the proceedings of the Just Energy under the CCAA as the court-appointed Monitor. Further information regarding the CCAA proceedings is available at the Monitor’s website at http://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 [e-mail].

About Just Energy Group Inc.

[makinezmoney]

$JENGQ: DAY 3 of the run now......... 1.60



WOOOOOOooooo weeeeeeeeeeeeeeeeeeeeeeee



GO $JENGQ

[makinezmoney]

$JENGQ: Second day of RUNNING action....... now 1.30

Huhhhhhhhhh


What up ???


I see you Just Energy trying to get it on



GO $JENGQ

[makinezmoney]

$JENGQ: Definitely ..... bouncing over $1 now


Nobody watching it but there she goes now.


Nice move today



GO $JENGQ

[shurtha2000]

turnaround play

[shurtha2000]

Getting money from Texas will this save them?

[Buckey]

Q stocks almost always get wiped. I have not followed this other than I own the CAD$ side stock which has been halted. Jengq has gone up green close 7 straight days and over 400k in volume today to a close of 1.22 - march 30th had a big say and spike also but this was largest volume day since then.

Not sure why. Im down 75% anyway so written off

[hondaboost]

JENGQ, Bankruptcy. Shares are worthless and will be Wiped out soon.

[Renee]

JE changed to JENGQ, bankruptcy. Delisted from the NYSE to the OTC.

https://otce.finra.org/otce/dailyList?viewType=Additions

[ErnieBilco]

New ticker JENGQ - The Q means the company is in bankruptcy court..... IN 2 COUNTRIES.

Value has been vaporized because now they are Just Broke.

[kirlian]

Just de-listed and all trades halted.
Robinhood account has all shares VANISH - stock no longer supported on RH!
Will cost to move it to TD (where OTC is handled)...

[kingsransome]

$8++++ MHOP$$$$$$$$$$

[kingsransome]

short rule changing friday,,squeeezzz incoming MHOP$$$$$

[ErnieBilco]

They haven't made money since 2018 so I'm not sure how solid their business model was. I kinda stopped watching when they did the RS to artifically inflate their value.

[Snizzle]

This is a sad story here. JE must have know the risk of what happened,”Texas weather event” , but also must have never thought it would happen.


Also sad that it forced several companies into bankruptcy with no regard. Texas energy rules and regulations, or lack of, really need to be fixed. No way several financially sound companies should have to pay the price of insolvency due to a 10 day “weather event”. And NEVER should a customer be charge 1000’s of dollars for electricity in USA.


All around pathetic.....

[ClayTrader]

* * $JE Video Chart 03-10-2021 * *

Link to Video - click here to watch the technical chart video

[idowonder]

Thanks for the info, I was out by EOD yesterday ( didn't get my fill at 4.90 ) Trading halt this AM. Cancelled all trades now until tomorrow and see what happens. But will be looking elsewhere unless "good news" comes out.

[RandolRocketman]

NYSE To Commence Delisting Proceedings Against Just Energy Group Inc
BY Reuters
— 4:25 PM ET 03/09/2021
OTC next, then an interesting ride?

[RandolRocketman]

Following Unprecedented Winter Storm in Texas and Protection Granted under the CCAA in Canada, Just Energy Receives Chapter 15 Bankruptcy Protection in U.S.
BY GlobeNewswire
— 3:53 PM ET 03/09/2021

Now what happens? Delisting then OTC roller coaster? This could be interesting
Nearly 2 billion in revenue on the OTC... hmmmm

[Matmak]

Adding here

[idowonder]

Reason for the quick jump a minute ago

https://investors.justenergy.com/news-releases/news-release-details/just-energy-files-petition-public-utility-commission-texas

Could help propel this stock if approved. Will keep watching for now.

[Snizzle]

Please be careful here. I was out around 8. We need more information on what the cost is to the company related to the Texas weather “event”and what the impact is on the company.


If it weren’t for that JE would be well above 10.00 right now.

[ClayTrader]

* * $JE Video Chart 02-26-2021 * *

Link to Video - click here to watch the technical chart video

[idowonder]

You got to love these sell the news events, back down under the 4 for US and under the 5 for Can. Will be watching Monday for direction. Good day today.../

[idowonder]

Didn't expect the Q3 reports out today, but still had 2200 shrs so still happy been in and out 3 times today so still banking it.

[Jconwon]

This was a gapper on my WL. Rejeted 4.16 and then just took off after that. Potential 21% P. We will get them next time.

[idowonder]

Maybe this will answer why people aren't buying right now,


NATIONAL POST

** Canada's Just Energy Group, a retail utility providing power from natural gas and renewable energy sources, told investors this week that it is now teetering on insolvency after incurring an estimated C$315 million in losses as a result of the Texas storm. https://bit.ly/3qVyrsT

[ttottip]

Come on people! Don't you like these prices???!!!

[Porteño]

Downgrade from analyst not helping. Getting confirmation to the downside.

Would like to form a reversal candle to begin pushing back up.

[Porteño]

Loaded some shares here today. Doji candle tells me it bounces back up tomorrow to begin a partial fill of the gap above.

Cheers.

$JE

[ttottip]

Very attractive at these super low prices!

[DailyX]

This is going over $10 this week, don’t be short...

[Snizzle]

Peeps are here. You can count on it. Nice little start today. $JE$

[Matmak]

Nobody here ???? This stock needs some attention.

[DailyX]

Looking for alittle breakout over 5.60!

[Oliverjack]

easy 400% all say long

[Oliverjack]

JE - ONLY REASON THIS IS DOWN IS BECAUSE THEY DID NOT RECOVER LIKE ITS PEERS SINCE THE RESTRUCTURED MANAGEMENT AND DEBT RIGHT WHEN THE OTHERS RAN JUST ENERGY WILL PLAY CATCH UP

[Oliverjack]

JE - PEICE TO EARINING RATIO IS 0.6X WHILE ITS PEERS HAVE A PRICE TO EARNING RATIO OF 16.0XDO THE MATH

[Oliverjack]

$JE - Should easily be trading at the $18 mark I'm holding my shares sellers and shorts will be slapping themselves As this multiplies!!! $$$$

[ttottip]

It will happen very soon in days ahead. Get these opportunistic prices before it happens!

[ttottip]

Yes, it is. Maybe tomorrow in premarket we'll see 100% up!

[ttottip]

It's impossible for the price to stay at such low levels for long for an energy company when winter is in full charge. The price will go to $10+ very soon.