View full page at energyexch.com

 

Deep Freeze Mints Winners and Losers Among Energy Suppliers

From bnnbloomberg.ca

The financial impacts of the cold blast that wreaked havoc in U.S. natural gas and power markets are beginning to emerge. Atmos Energy Corp. and Just Energy Group Inc. were the latest to disclose the hits they suffered from the weather-driven squeeze in gas supplies and widespread blackouts last week that paralyzed Texas, the second-most populous U.S. state. Atmos said it racked up as much as $3.5 billion in extra gas costs while Just Energy warned it may not survive. Shares in both companies sank. With the breadth and depth of fallout from the crisis still unknown, the aftermath could have long-term consequences for ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis