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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I’ve been trimming my holdings of JE and today they released their numbers. Just Energy Group loses $135.15-million in Q2 2015. The report says the loss, “represents the mark to market of future commodity supply acquired to cover future customer demand”.

The market seemed to like the report as their other numbers seemed positive. Should the current loss be ignored or is this risk likely to continue with energy costs dropping?

I’m aware that you prefer SGY for income and growth. Would you continue to recommend trimming JE and replacing it with SGY – staying in the energy sector?
Read Answer Asked by Dean on November 14, 2014
Q: Hi 5i,
Are all insiders created equal? Using JE Just Energy as an example, am I right in believing CEO's, CFO's, have more inside knowledge on company specifics than say a 10% holder?
Why I say this, would Jim Pattison have bought stock in JE, Just Energy, knowing the company was going to slash their dividend so soon after his purchases and take a 25% haircut on the stock price?
Also how do directors rate in insider knowledge ?
Thanks.
Read Answer Asked by Max on August 11, 2014
Q: Re: Just Energy: JE.TO
Can you please update your expectations for Just Energy. I have held it for some time and am obviously underwater with this one. The just released Q2 earnings sounded positive but a smaller hedge fund has reinforced it's Short stance because of the sale of the most stable part of JE's business. If I keep it, do you feel the dividend is now more secure or is it time to sell and move on?
Thank you.
p.s.- I have SGY so if I were to sell could you recommend a safer higher dividend yielding stock to replace JE.
Read Answer Asked by Alan on August 08, 2014
Q: Peter - thanks for your earlier comments on Just Energy (JE).

Today's announcement: Just Energy to sell National Energy for $505-million

They also announce the dividend will drop from 0.84 to 0.50 and go from monthly to quarterly.

Is this enough to improve the debt situation and help right the ship?

The market seems to like it (so far).

Thanks.
Read Answer Asked by Dean on June 05, 2014
Q: Hello Peter and Team,
Can you advise as to the most effective means to identify a company`s debt, expressed as dollars as opposed to D/E ratio. Just got stung on JE and was not tuned in to the debt scenario as the fundamentals ( value in PE/PR ) all seemed solid on the BMO Investor site. However, in hind sight, the D/E was posted at -5.7+ and the Div yield is 10%+.... caveat emptor I guess, but I would appreciate a suggestion to a more informative resource to truly identify excessive debt. Please be gentle .....
Thanks as always!
Read Answer Asked by Rick on May 16, 2014
Q: What is your view of Just Energy? Jim Pattison and Ron Joyce have been accumulating shares. Although the Dividend is high it seems to have a low P/E, reasonable EBITDA, although the EBIT margin is low, and the current ratio seems in the ball park for comparable stocks. What would they potentially coming down the pike that would enhance the value?
Read Answer Asked by Richard on February 07, 2014
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