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Yep, that came out a few days ago. It’s all stuff that has been known. I’m just hoping they hold the last three CEO accountable. Every middle manager for years have been turning in maintenance requests. The budgets were never given except for emergencies. With that being said. It’s also hard t maintain your system when you have to do a bird count and apply and wait 18 months to get a enviromental permit to trim a tree.
It does make me feel better. Since you were so sure it would never go past $9 again.
Ok, let me hear it.
Suppose too,
Yes it is and will always be. Sad
Everyone is anticipating that the Judge is going to agree with the 11.5 billion offer. That’s why it moved today. Once that decision comes out tomorrow. Straight to $12. This would be the second positive action. It also says that all the deals are done for them to exit bankruptcy in June. Not that there won’t be some hiccups but it shows all the other BS about gov take over and a buy out are all off the table. That means $52 + after June.
This of course, just my opinion.
PS: every fire season is going to be like Christmas season from now on. We will be able to take advantage every year from all the traded utilities in CA. And any other state that decides take on inverse condemnation as law.
Think we have decent size institutional buying happening.
Oh, the joy!
Getting closer, and getting closer to be able to say, I Told You So.
Nope your not missing a thing. Cal Government is to scared to take on any utility. Their just stoking the fire. Being loud. The Governor can’t afford to make that type of mistake before he runs in 2024
Your not allowed to say that, remember, “ it will never be $9 again”
My first was between 6 and 6.50. Sold them at 18.20. Been playing with their money ever since. I love America!
It will continue
Happy Thanksgiving to you and your families
Happy Thanksgiving
De-forest-didn’t have my glasses on.
Here’s another good one. If the Sierra Club sues you and prevents you for clearing your property because of species & defrost issues, and wins. Then it burns 15 years or so later. Who’s fault is it? Wonder if something like that comes up in the jury trial?
I said two weeks ago. As soon as it start raining will be out of fire season and it’s going to $9. Also, it will see $52 again. Think AIG
I think I’m starting to understand. You want PCG to fail.
Agree, too a point. However, Citigroup says there’s a chance that it will double. That the bankruptcy is hard to predict the outcome. You know what that tells me. Their buying.
I’m starting to think your just guessing.
Yes they are in trouble. And yes they will pay for it. And they will come out of it.
Ok, we will see!
I hate to break it to you. You’ll see it over $50 again. Not tomorrow not the day after that. But it will. Mark this post!
UBS set target at $9
Give some reason why you say this. Now I agree with you’ll be able to buy PCG at $4.00. But not til late December/early January, when the jury trail starts.
No it’s not. Once the rain starts this week, end of fire season.
Your not seeing the whole picture
As someone who knows both companies well. Uh No, that would be a big no Bueno
What happened here? LOL
PG&E will exit Bankruptcy with clean balance sheet. Public will realize that coop owned would lead to mass increase in power bills. Government control will lead to higher prices and even a more dilapidated system. California can’t even pave roads or build trains let alone manage power and gas. California will realize it’s better to have PG&E for fall guy instead of state. Just my two cents.
Not to argue but I see full rebound to the 50’s by this time next year.
$9 when rain comes next week.
Yep, sad, hedge fund basically gives victim half of what should be owed. Basically screwing victims then whines that they might not get all their money back. And yet the victims are on hedge fund side. Or at least until they realize hedge fund screwed them two. It would be funny if not so sad. But I’m making money. Shazam!
Probably, but let open we’re it is so I can buy more. After that last flip, I should be able to double my position. LOL
Oh well, bought more at 6.2
I’m still thinking it’s going to $4
She’s going to $4 again. Then I’m buying a crap load more.
There is a part of me that would love that. We here in California deserve the government to run it.