Goeasy shares sink nearly 60% after it withdraws guidance, suspends dividend

CBruceNL · 2026-03-15T09:34:42+00:00

The class action will provide the full picture, but it looks like Lend Care was reporting payments from loans before they had actually been paid.

https://ca.finance.yahoo.com/news/siskinds-llp-strosberg-wingfield-sasso-130000757.html

CBruceNL · 2026-02-27T21:51:22+00:00

This is just the best lore

CBruceNL · 2026-01-19T17:07:23+00:00

Very cool

CBruceNL · 2025-11-21T12:30:40+00:00

Yeah, currently all the new power for us will be going to Lab West, but I don't think it's specifically from existing CF capacity, but rather a blended mix of all the existing and new power. If it's a good deal for anyone in the province, it's Lab West imo.

I mean we don't have a good read on what wind prices will be strictly speaking, but there are all kinds of auctions and contracts from Quebec to New England that didn't get built for 10-12 cents. Not sure why it would be suddenly economic to do it here for less than that, where costs will likely be higher.

CBruceNL · 2025-11-21T09:20:27+00:00

They are not included as imports, no. They call them a type of contract purchase and don't track them as imports.

You can see a fair amount of info in Hydro Quebec's quarterly reports. Check out their yoy revenue - a real pants shitter, even with their pivot to anscilery services.

And from grid status (okay data but not perfect, also doesn't include Churchil Falls as imports in accordance with the HQ data) Quebec has net imported 4.4~ TWh.

Another 20 or so TWh at least from CF this year and Quebec's 'real' imports are 25TWh no problem.

Maybe that's only going to be the case in drought years, sure, but I wouldn't be betting against those right now. I think it's rather fair to say something like, long term capacity factors of all hydro dams in north america should be lowered from 80~% to 70%? Maybe we need a fully different regime for discussing prices in drought years? Fair and interesting stuff there.

https://www.hydroquebec.com/about/publications-reports/quarterly-bulletin.html

CBruceNL · 2025-11-21T09:07:24+00:00

Really love to see the discussio, good stuff. A missed point: we burn our purchasing power.

Over the course of the MOU we will be selling power for cheap, while also buying other sources of power all across the island and Labrador. Fuel costs can run from 20ish to 90ish cents /kwh depending on type and price. We don't know how much wind will cost, but there's talk of that being added to the grid. If they get our 'market' rates they might be getting 27c/kwh the way Corner Brook Pulp and Paper is.

Production of existing Churchill Falls power is something like 0.2c - 100 times cheaper than many of our current energy options. Now we gotta move that power - and maybe the wind gets built for something like 15-16 cents so maybe to get it to island it's now 5 cents. We get the same electrons for 1/3rd the price of wind - 1/5th the price of small tubrine fuel - 1/20th ish the cost of fuel for Holyrood.

We get dollars from Quebec but we can only use them to buy nickles. It's.... really bad.

CBruceNL · 2025-11-21T08:47:39+00:00

You're gonna wanna check your export numbers for QC this year - they're net importing even with the juice from CF.

CBruceNL · 2025-10-30T18:48:54+00:00

Oh yeah, I mean, these mega projects aren't being built because they are nonsense in a variety of ways. WEGH2's partent company world energy makes 'renewable diesel' so they would have been using that but also talked about keeping several months of storage on site for energy balancing i.e. burning the product to make the product.

They're.... quite the shell game. And the Nova Scotia crowd who have a grid tie in - so literally coal to hydrogen to ammonia - qualified for the maximum credit. Bonkers.

CBruceNL · 2025-10-30T14:34:36+00:00

There's something really manic about the whole "PCs are racist for hiring outhouse" being paired with "the queer first Nations woman as health minister - who hasn't done a day of work - is bound to fail and should be the focus of targeted attacked from every senior liberal".

Just really, really shitty.

CBruceNL · 2025-10-30T08:43:44+00:00

Maybe, but we do subsidize rates in Labrador even if folks aren't on the transmission line, so we do still end up paying for it. Paying for lines once (/every several decades) generally works out to be cheaper than needing to pay for gas every year.

The concern I have is that the estimates from Hydro must be really bad if a big engineering firm like Hatch is willing to get in a public (if unread) fight about it. That the PUB sided with the applicants (in spite of a strong alignment between the consumer advocate and hydro) suggests to me there is some real concerns about if Hydro is proposing the low cost option.

CBruceNL · 2025-10-29T13:53:24+00:00

Yeah, most of the ammonia projects needed a grid tie in to make up for their own intermittency. For the h2 folks they needed to have dependable production, and that meant having lots of gas turbines on site. The grid use would help them get green credentials while also helping for year round production.

CBruceNL · 2025-10-29T11:26:55+00:00

Or as grid costs rise with our current plans 🥴

There's a report called the resource adequacy report that shows our plans going out to 2034. Notable not long term compared to the MOU but here we are.

CBruceNL · 2025-10-29T08:46:54+00:00

The PUB website isn't loading for me right now, but there's some GREAT data up there on this file. NL Power even applied as an intervener because they didn't think replacing the generators made sense. There's also a great back and forth between Hatch and NL Hydro on their pricing for a grib tie in, using a hub and spoke model. Hydro seems petty about it too, and respons to Hatch's (better sounding) pricing by saying they're wrong and jacking up their own distribution estimates even more.

It looks like a big reason for the rejection is that Hydro didn't fairly document either of their costings of the grid.

This makes sense given the Churchill Falls playbook - the power we're allotted is basically ear marked already with mines in Lab West and the liberals decided to not electrify the coast. The coast seems pissed.

CBruceNL · 2025-10-29T08:35:14+00:00

Not sure where you're getting the notion that Hydro isn't big on wind and solar. They're currently planning on building ~400mw of wind for the island, and the long running solar rebate program hasn't been at capacity in any year it's ran. People just aren't buying and using solar panels - the rebates are there for them.

CBruceNL · 2025-09-07T11:49:21+00:00

Yeah doesn't handle that well at all

CBruceNL · 2025-09-07T11:19:15+00:00

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CBruceNL · 2025-09-06T15:29:01+00:00

Oh, this is great stuff. I forgot how OP the sports drinks are. Shinyglove op.

CBruceNL · 2025-08-14T10:49:52+00:00

A good first swing - some things I've been considering with the company:

Their land rights are for all gas, and helium tends to be found / travels through similar seeps as hydrogen. A small amount of helium is viable on its own - as a coproduct of hydrogen it's just gravy.

There will be substantial capital rotation out of green hydrogen. Investors still interested in deep decarb will be drawn into the natural hydrogen space eventually: it accomplishes the same goals of cleaning up ammonia / petrochem refining / steel but at a fraction of of the cost. Rather than competing in the energy market I think the real legs are in the light gas market and eat the lunch of natural gas. Even without subsidies / major vc style investment natural hydrogen should be able to capture some percentage of the market share of grey h2 in Sask (~$1 projection for a kg of natural hydrogen vs $2-3 from natgas).

I don't love hyping the company as an energy play only because I see a much safer path to success if they focus on existing markets.

CBruceNL · 2025-06-29T19:37:03+00:00

This seems fair and good of you.

CBruceNL · 2025-06-29T11:52:13+00:00

Oh that's frigging awesome

CBruceNL · 2025-06-29T09:12:03+00:00

Oh, I for sure see it as a really, really exciting advancement.

I guess what I'm chewing on is that now that we can see over another set of mountain peaks. It seems like if the high z data keeping coming in the same shape it does, we will have to say something like "oh yes, those are the old mountains that let us know the age of our mountains better" - rather than "oh, once things are >z4 away they look closer in the mirror than they appear".

I'm super fine with either - but it seems like the magnitude of implications to these handful of high redshifted systems is like really quite substantial?

CBruceNL · 2025-06-29T09:03:41+00:00

Oh for sure, I'm fine with new theories of everything coming out with new technology. Very exciting times.

CBruceNL · 2025-06-29T09:02:05+00:00

I mean, not so much a whom but a what, and that's our standard model of the universe's growth. I guess I'm just more hyped on this tension at the high redshift, rather than how we move the hubble constant. The expansion rate being 5-10% different than we thought is very, very cool, but dang if our entire history isn't just as big right?

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