Just Energy Group (JE.TO) Buy, Sell or Hold

Just Energy Group (JE.TO)

4.92

-0.00 (0.00%)

as of Mar 8, 2021, 9:00:00 pm Market Open.

90 watching

BUY

Sell fixed-price contracts for natural gas. Terrific prospects. Have done a US acquisition, which should take them into some exciting new growth markets. 9% yield.

BUY

Extremely well run. Acquired Hudson Energy recently and their market share has been increasing. Recently did a successful convertible debenture issue. Will have to tax adjust the payout of 9.5% on conversion.

TOP PICK

Acquired Hudson Energy. This puts them into some new markets in the US, including small business, not just the residential market. Excellent management. Also doing very well on the green energy and getting a premium for selling it.

COMMENT

Quite successful selling natural gas and electrical contracts to homeowners. Key driver for them will be the US where they have been for a couple of years. Had some problems in the US because of legislation on how contracts are sold as well as people losing their homes.

HOLD

If you're looking for income, this is a Hold. 10% distribution that will become a 10% dividend. Wouldn't Buy for growth.

TOP PICK

9.5% yield. Brilliantly run. Doing well with green power. Bough Hudson in US to open up new markets. Will recover from slowing US economy to a 10% growth rate over next year or two. It came off in a soft quarter. History of increasing distribution.

BUY

Had a weak quarter, but moving forward he expects to see earnings and revenues move back into a positive direction again. Their US competition has been very badly beaten up and he expects growth will be better than most analysts expect.

HOLD

Dividend will be adjusted when they convert to a corp and this should be built into the price now. Geographically diversified with fairly consistent cash flows. Good long-term investment.

BUY

Sellers of Natural Gas and Electricity contracts. Started in Ontario, now rest of Canada and in US. Business model is scalable. Will convert to a corporation and keep the distribution where it is (9%).

BUY

The company is doing the right thing to convert to the common share format before the December 31 deadline. Their competitors, especially in the US have fallen on hard times and as such you should see much better growth, especially out of their US division. Distribution is sustainable, but he thinks a cut would be appropriate, but not a negative.

PAST TOP PICK

(A Top Pick Jan 28/09. Up 64.73%.) Has added to his holdings. Outstanding management and a great company.

TOP PICK

Expanded into the US, which he thinks will be successful. Expects distributions will be maintained and once they convert to a corp, US investors will start looking more closely at it.

BUY

Likes it. Valuation wise it is a little ahead of itself. Reliable cash flows, done well compared to competitors. Well run company. Keep in mind a cut in distribution upon conversion to corporation but that should be discounted at present.

WATCH

Continued to do acquisitions and expanding into the US with their gas and electrical distribution sides. 9.1% distribution is reasonably safe. A lot of renewals coming up on their subscription agreements in Canada so he would like to see what their renewal rate is.

TOP PICK

Sells and distributes gas on a fixed price basis. Expanding into the US. Very good scope for growth in the US. Can see cash flow growth of 10%-15% a year. Expecting their debt will be gone in the next couple of years. 9.7% yield.

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Just Energy Group (JE.TO)