Just Energy: Keeping "Keen Eye" On Acquisition Opportunities From Recent Market Volatility

In discussing earnings this morning, Just Energy executives said that they are keeping a keen eye on acquisition opportunities, given that they expect some retail suppliers will have had trouble with recent weather-related market price volatility

"We're keeping a keen eye on this, because if you remember, after the polar vortex, we saw companies trading at 1-2x earnings, after getting hit with liquidity and working capital pinches. So we do expect there's going to be some companies that have trouble with January weather, maybe February, based on how it's pointed. But it will be interesting to see how the retail folks that don't have the proper weather hedges in place fare, given we saw tremendous volatility in January," Just Energy executives said