PCG

Discussion in 'Stocks' started by dealmaker, Oct 14, 2017.

  1. So if you were short 10k shares of PCG how f#ked are u ? LOL
     
    #51     Jan 24, 2019
  2. RRY16

    RRY16

    Timely trade in PG&E options reaps millions in paper profit

    A well-timed trade in PG&E (NYSE:PCG) options reaped a huge paper profitafter shares soared 74% when a state regulator cleared the company from any responsibilities related to the 2017 Tubbs wildfire.

    Minutes before the shares jumped, an unnamed trader paid $200K for 10K call contracts betting on the shares rising above $12 by Feb. 8; PG&E shares were at $7.34 at the time and went on to end the day at $13.95, sparking the paper value of the contracts to $3.7M.

    Yesterday, another 10K call contracts betting on PG&E shares rising above $10 by Feb. 1 were bought for $300K; by the close of trading today, these contracts were worth $4.7M on paper.

    The two trades likely were made by the same trader, surmises Henry Schwartz, president of Trade Alert, adding that they are likely to invite regulators’ scrutiny.
    https://seekingalpha.com/news/3425913-timely-trade-pg-and-e-options-reaps-millions-paper-profit


     
    #52     Jan 25, 2019
    Cuddles and murray t turtle like this.
  3. dealmaker

    dealmaker

    PG&E remains the utility California loves to hate, despite fire report
    [​IMG]
    The utility’s stock price, which had tanked from about $43 a share last year at this time to about $7, perked up on the report, to about $14. But as the state’s largest utility prepares to file for Chapter 11 reorganization in bankruptcy court in apparent anticipation of a less forgiving Camp Fire verdict, Californians haven’t had much of an appetite for “innocent until proven guilty.” (San Jose Inside)
     
    #53     Jan 28, 2019
    murray t turtle likes this.
  4. %% Also likely, the worst run state forestry dept in US saying ''its ok''; will likely draw more attention. LOL .The bull side may look better if they '' fire'' all the officers/managers+ it closes /keeps closing above 50dma/200dma.

    Good thing for the bears, CA has a state flag with a bear on it, PCG mismanagement for years, + 200dma +50. NOT a predicition ,not bank insured-may lose value.:cool::cool:
     
    #54     Jan 29, 2019
  5. dealmaker

    dealmaker

    PG&E Bankruptcy

    Pacific Gas and Electric has finally filed for Chapter 11 bankruptcy protection. The utility faces liabilities of as much as $30 billion for wildfires in Northern California. State Senator Bill Dodd on the filing: "It's extremely disappointing and underscores the need for change at PG&E in both its leadership and culture. Wildfire victims shouldn't have to deal with the uncertainty this causes, which in many respects re-victimizes them." CBS San Francisco
     
    #55     Jan 29, 2019
    murray t turtle likes this.
  6. dealmaker

    dealmaker

    [​IMG]
    PG&E receives $4B plan from investors to head off bankruptcy
    [​IMG]
    Billionaires and private investment firms are lining up with competing proposals to keep PG&E Corp. from filing for bankruptcy in the aftermath of California’s deadly wildfires. A consortium sent a proposal on Monday backed by $4 billion of bonds that could convert into shares of PG&E, one person with knowledge of the matter said. (U.S. News)
     
    #56     Jan 29, 2019
    murray t turtle likes this.
  7. %% The good news is the CEO says the'' power will stay on'' Glad to hear that
    The bad news is all most all the trends are still down,IBD [investors.com]is usually right, they note its a done deal=bankruptcy.50 billion in debt- dont blame them.

    Thats fine with me if any want to buy a dead cat/rat bounce ;
    but there is a reason most sell a dead cat/rat.:cool::cool:. Not a prediction ;may lose value again
     
    #57     Jan 29, 2019
    dealmaker likes this.
  8. dealmaker

    dealmaker

    #58     Jan 30, 2019
  9. dealmaker

    dealmaker

    #59     Jan 30, 2019
  10. dealmaker

    dealmaker

    [​IMG]
    Judge says PG&E has “clear-cut” pattern of starting wildfires
    [​IMG]
    A federal judge said the California utility giant has a “clear-cut pattern” of starting wildfires and needs “strong medicine” put in place before this year’s season begins. U.S. District Judge William Alsup is overseeing PG&E’s probation for safety violations that led to felony convictions for the 2010 explosion of one of its gas pipelines. (Insurance Journal)
     
    #60     Feb 1, 2019