I think natural gas, electricity and green energy through North America will be the way of the future. JE is solid because it is currently expanding into the carbon credit market and I believe this is the way of the future so I am long on JE. This company is also expanding its customer base and already has 1.8 million residential and commercial customers. It should be able to continue to expand across Canada and the USA and create an economic moat.
JE has also been a mostly consistent dividend payer for years, although it’s dividend has been reduced since it’s peak of 2008. I think there is still some value in this company. I’m also a sucker for 10% yield and will be more than happy to collect my $8.47 per month. Thank you JE, I'm one step closer to financial independence.
Have a great weekend!
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