Tag: Crius

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Article: Vistra wraps up Crius Energy acquisition

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Vistra wraps up Crius Energy acquisition

Renewables Now, 16 July 2019

Texas-based company Vistra Energy Corp (NYSE:VST) has completed the acquisition of electricity and gas retailer Crius Energy Trust (TSE:KWH.UN), which will be delisted from the Toronto Stock Exchange tomorrow.

The parties announced the closing of the transaction on Monday. Crius Energy’s unitholders will receive CAD 8.8 (USD 6.75/EUR 6) per unit this week. In addition, holders of record on March 26, 2019 are also getting a distribution of CAD 0.209 per unit, a previously declared by Crius.

The company is expected to be wound-up following the redemption of the trust units on July 18.

Crius Energy is an independent energy marketer of retail electricity, natural gas and solar products to residential and commercial customers. In its report for the first quarter of 2019, it noted that it was in the advanced stages of winding down its solar installation business known as Verengo. Total revenues for the quarter amounted to USD 296.4 million (EUR 263m), including USD 240 million in electricity revenue, USD 54.5 million from natural gas, and just USD 1.9 million from the solar business.
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Article: Vistra Energy Completes Acquisition of Crius Energy Trust

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Vistra Energy Completes Acquisition of Crius Energy Trust

Crius Energy Trust, 15 July 2019

Vistra Energy (NYSE: VST) and Crius Energy Trust (“Crius Energy”) (TSX: KWH.UN) today announced the successful completion of the previously announced acquisition by Vistra of the business of Crius Energy. The closing of the transaction follows the overwhelming approval of the transaction by Crius Energy unitholders at the special meeting of unitholders held on March 28, 2019, and the receipt of all required regulatory approvals, including approval from the Federal Energy Regulatory Commission on July 8, 2019. As a result of the closing today, Crius Energy unitholders are entitled to receive C$8.80 per trust unit upon the redemption of such units. In addition, Crius Energy unitholders that were holders of record on March 26, 2019 will receive C$0.209 per unit for the distribution previously declared by Crius Energy on Jan. 16, 2019. The combination of these amounts results in total cash payable to Crius Energy unitholders of C$9.009 per unit. Crius Energy expects that the distribution of C$0.209 per unit will be payable today, with the transaction consideration of C$8.80 payable within three business days of today’s date. The units of Crius Energy are expected to be delisted from the Toronto Stock Exchange as of the close of markets on July 17, 2019, and Crius Energy is expected to be wound-up following the redemption of the trust units on July 18, 2019.
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Article: Interested In Crius Energy Trust (TSE:KWH.UN)’s Upcoming US$0.07 Dividend? You Have 4 Days Left

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Interested In Crius Energy Trust (TSE:KWH.UN)’s Upcoming US$0.07 Dividend? You Have 4 Days Left

Becky Mayes, 22 September 2018

In late January 2021, GameStop experienced a once-in-a-decade squeeze that has captivated the world’s attention. It was a premeditated and programmatic exercise, orchestrated by coordinated stock and option buying across the retail and professional community, resulting in large institutional entities losing billions of dollars. Investment houses with significant short positions did not expect a stock with GameStop’s fundamental profile to increase +2,500% in price over less than three weeks; therefore, they did not have the controls in place to handle the incredible levels of stock and call option purchases. The frenzy drew comments from the White House, provoked a social media crackdown, caused brokerage units to restrict trading, and has led to a Congressional hearing on GameStop on Thursday, February 18th.
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Article: Should You Buy Crius Energy Trust (TSE:KWH.UN) At This PE Ratio?

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Should You Buy Crius Energy Trust (TSE:KWH.UN) At This PE Ratio?

Kristin Rankin, 21 June 2018

Crius Energy Trust (TSE:KWH.UN) is currently trading at a trailing P/E of 5.7x, which is lower than the industry average of 101.3x. While this makes KWH.UN appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. Today, I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio. The P/E ratio is one of many ratios used in relative valuation. By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings.
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Article: Crius Energy Trust Provides Further Response to False and Misleading Statements by Anonymous Short Seller

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Crius Energy Trust Provides Further Response to False and Misleading Statements by Anonymous Short Seller

GLOBE NEWSWIRE, 02 March 2018

On February 28, the market price of Crius Energy Trust (“Crius Energy” the “Company” or the “Trust”) (TSX:KWH.UN) units declined significantly in response to false and misleading statements made in a blog posting by an anonymous, self-described short seller of our Trust units (the “Short Seller”). While it is not the Company’s practice to respond to bloggers or commenters in investor forums, we believe that given the magnitude of the impact on the price of our units as well as the malicious nature of the statements made by the Short Seller, it is in the best interests of our unitholders for us to respond. Furthermore, Crius Energy believes that it has identified the persons and entities responsible for the blog post. The Trust intends to take appropriate measures, both in the courts and with appropriate securities regulatory authorities, to address the harm done to our unitholders.
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Article: Statements by Anonymous Short Seller

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Statements by Anonymous Short Seller

GLOBE NEWSWIRE, 02 March 2018

On February 28, the market price of Crius Energy Trust (“Crius Energy” the “Company” or the “Trust”) (TSX:KWH.UN) units declined significantly in response to false and misleading statements made in a blog posting by an anonymous, self-described short seller of our Trust units (the “Short Seller”). While it is not the Company’s practice to respond to bloggers or commenters in investor forums, we believe that given the magnitude of the impact on the price of our units as well as the malicious nature of the statements made by the Short Seller, it is in the best interests of our unitholders for us to respond. Furthermore, Crius Energy believes that it has identified the persons and entities responsible for the blog post. The Trust intends to take appropriate measures, both in the courts and with appropriate securities regulatory authorities, to address the harm done to our unitholders.
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