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Pimco Gets Burned as Just Energy Craters After Texas Loss Bloomberg 2/22/2021 Simon Casey and Paula Sambo © Photographer: Matthew Busch/Bloomberg Pumpjacks operate in the snow in the Permian Basin in Midland, Texas, U.S, on Saturday, Feb. 13, 2021. (Bloomberg) Canadian energy retailer Just Energy Group Inc. revealed a big loss from the Texas crisis and said it may have trouble continuing as a going concern after last week’s freezing weather cost it about $250 million. Just Energy plunged 31% to $3.96 in New York. The decline hit big-name investors including Pacific Investment Management Co., the largest shareholder with a 28.9% stake acquired during a recapitalization last year. Great Pacific Capital Corp., an investment company controlled by Vancouver billionaire Jim Pattison, owns 1.5%, according to data compiled by Bloomberg.

New yorkUnited statesBritish columbiaHolger klotzScott gahnMark jarviMatthew busch bloomberg pumpjacksRebecca macdonaldJim pattisonNational bankAtmos energy corpPacific investment management coJust energyJust energy group incGreat pacific capital corpNational bank financial endri leno