Pacific Gas & Electric Co (PCG)

[PinkBu]

There will be news/articles announcing when NYSE will delist.

Or you can keep watch here:

https://www.nyse.com/regulation/delistings

https://www.nyse.com/regulation/noncompliant-issuers

But, it looks like saga continues... Here's an Analyst who thinks that Chapter 11 request may not get approved.

https://www.benzinga.com/analyst-ratings/analyst-color/19/01/13056266/morgan-stanley-6-questions-for-pg-e-after-utilitys-bank

Analyst Stephen Byrd reiterated an Equal-Weight rating on PG&E with a $17.50 price target.

The Thesis
A high probability exists that the court will reject PG&E’s filing given that it may not comply with bankruptcy law that restricts solvent companies from strategic filings, Byrd said in a Tuesday note.

“We believe there is a meaningful probability that a court would reject a PG&E Chapter 11 filing on the ground that the company is solvent and that PG&E is filing Chapter 11 to achieve tactical litigation advantages,” the analyst said.