|Bid||1.7400 x 3200|
|Ask||1.7500 x 2200|
|Day's Range||1.7000 - 1.8600|
|52 Week Range||0.7381 - 8.9000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||0.99|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Canada's Just Energy said on Tuesday it had applied to voluntarily delist its shares from the Toronto Stock Exchange after the electricity and gas provider filed for bankruptcy last week. On March 9, the company filed for creditor protection in Canada and said it planned to do the same in the United States due to massive costs from the Texas deep freeze. It became the second Texas electricity company to take that step in the face of extraordinary electricity charges during the cold snap.
Electricity and gas provider Just Energy Group Inc said on Tuesday it was restructuring under the Companies' Creditors Arrangement Act in Canada and plans to file for Chapter 15 bankruptcy in the United States after a hit from the Texas deep freeze last month. The company in February raised doubts about its ability to continue as a going concern, after it forecast a $250 million hit from the winter storms sweeping across Texas. Just Energy, which was talking with key stakeholders to address liquidity issues, also reached an agreement with one of its lenders for a $125 million debtor-in-possession financing to meet its regulatory obligations in North America, including payments required by the Electric Reliability Council of Texas.
It became the second Texas electricity company to take the step in the face of extraordinary electricity charges during the cold snap. Just Energy said on Tuesday it expects to receive a loan that would enable it to pay the state's grid operator more than $250 million for power.