Here me out. Don’t sell. A lot of people are going to be coming into a lot of money after all of this. Thinking ahead. If you want to invest to help yourself and hundreds of thousands of others you might consider $PCG. It’s a utility company (electric/natural gas) in CA. They recently signed a deal with $TSLA. The company came out of bankruptcy recently with a new law enacted (AB 1054) creating a 21 billion dollar fund to protect against future fire claims. This stock traded at $50 to $75 a share pre 2018 campfire which decimated a town. The victims of fires have a trust holding shares of PCG and need to sell them to be reimbursed for fire damages. While selling the shares will bring down the price, I believe this is a good investment. Dividends will be brought back on board and the company is a cash cow – It’s an electric company – things are moving towards electric and they were already making money – and they have gov backed insurance (billions of dollars worth now). Getting in soon, could mean quintupling (or more) your money. You help others and get richer. Sorry to be long winded, but it’s an option I wanted to throw out there. It’s up to you. Thanks – upvote if you’re a diamond handed bull!
I just covered my short position in $PCG. I apologize to anyone who may have gotten short based on the information I have provided in the past week. I still believe that the stock is going to test the $6 lows, but there is clearly something going on behind the scenes and I do not want to get squeezed up to $20 per share. I really have never seen anything like this in my life.
$PCG #PGE PG&E #CALIFORNIA 8K FILING ON DEFAULT LIKELY BY TUESDAY 30 DAY GRACE PERIOD ENDED TODAY. Voluntary Bankruptcy will become Involuntary #BANKRUPTCY
INITIAL NOTICE PG&E Shares, Bonds Plunge After Interest Payment Missed
PG&E Shares, Bonds Plunge After Interest Payment Missed In response to a request for comment, the company cited the SEC filing, which also noted that "Under the indenture governing the 2040 Notes, PG&E has a 30-day grace period to make the interest payment before triggering an event of default."
Why PG&E’s restructuring plan and reviving their stock value may help fuel $BE stock price!
PG&E’s stock is jumping today ( stock up today > 17%) based on its proposed settlement with the California fire victims..as a major part of PG&E’s restructuring plan ( there are Billions $ of their equity and board’s fiduciary duty at stake here) is to avoid another major wild fire at any cost.
PG&E officially stated that moving forward they would be shutting down the power even more frequently, as a precaution against high wind or dry conditions risking another such fire. So unfortunately more sad news for Californian businesses and residents ... but it doesn’t have to be, thanks to Bloom Energy and it’s micro grid solution.
I don’t expect California’s critical infrastructure like hospitals, stores, schools, offices, data centers, factories and even homes wanting to go back to 18th century living in darkness and without water ( and toilet)..risking lives and business revenues !! ( note: if you are living in those areas affected by the PG&E wild fires - my sincere sympathies..please do comment how you feel about the power cuts..)
Given that another major fire incident will be a kiss of death for $PCG stock value and for its management — $BE’s fuel cell power generation is ripe for an immediate and sustainable solution to power this critical infrastructure (locally using micro grids). The Bloom Energy fuel cell micro grid power generation solution is much cheaper, safer and cleaner than installing traditional generating sets ( with traditional generators and turbines - mechanical efficiency is much lower, and green house gas and particles emissions are much higher polluting communities near the traditional these generating sites..and by the way not everyone can afford and maintain a generator ...thankfully no such issues near Bloom’s fuel cell sites and existing local grid infrastructure can be used to distribute the power to everyone ).
Solar and Wind power may have an important role to play but these are a part of the solution with $BE fuel cell generation ( powered by natural gas or methane generated from community or farm waste sites) ..
Solar and Wind power sources can’t work alone all by themselves.. solar and wind source intensity changes daily and seasonably, requiring a Battery to store their power or to pump back the power in a grid.. There is no such Battery of that size in the world today and not expected at least for the next 5-10 years - to power this critical infrastructure for its peak load and its average load for hours and days!!! ...the largest battery for such utility use is made by Tesla and it is only used to balance peak loads for just seconds of the peak power loads variation !
In conclusion, I expect a huge order for $BE fuel cells in 2020 & beyond from California and many other states across the US ( and for that matter whole micro grid sector as a whole is expected to go up!) ..
As Utilities and their boards wake up to these expensive risks ( such as PG&E did , and it is just a start) , and State & Local Politicians better understand that they will be voted out of “power” if their voting residents are “out of power” ( as NY legislators recently allowed propane pipeline for Long Island) — $BE investors and clients will be handsomely rewarded !!
( BTW: $BE stock is severely underpriced at this time due to short sellers activity..for instance, $BE market value is even lower than its enterprise value..but I think short sellers did not expect the California wild fires and intensity of the regulatory changes propelling Bloom servers installations)
“New PG&E stock” is mentioned 20 times in docket #10 of the restructuring plan presented to the court (link below). If approved, current shares of $PCG would go to $0 and new shares would be issued.
So $pcg stock found buyers today because Aflac investment officer said they were “sticking with their PG&E bonds position despite $21 million in losses.” Well, 2 important points should be mentioned before getting too excited..point 1 is that Aflac owns PG&E bonds, not $pgc common stock - which in the case of bankruptcy means they are far, far more likely to get paid that common shareholders are....secondly, when you own $147 million in a bankrupt company bonds, you have NO choice but to stick with your position since no institution in their right mind will buy them from you this early in the PG&E BK/restructuring process...in other words, Aflac is trapped into their position...as is every other fund that owns $pcg debt, preferred stock and common stock. They can’t possibly sell at this point without cratering the market. So they are waiting, praying for a bailout.
M
The Big Bear is coming for #PCG !!!! Now we can short sell from a few brokers without paying extra. Which means Wall Street is expecting a big drop !!!
1) So far entire summer $pcg did not make any mistakes. 2) making payments part of settlements without significant hardship 3) board reorganized duties of individual and much more attention to public... 4) reached out significantly more customers with news-notices etc very good relationships and improving. 5) $PCG is still making money
$PCG #PGE Court has reserved 9:30 a.m. and 1:30 p.m. on the following dates for hearings on matters requiring a hearing. Dates will be added to the below calendar as matters are scheduled. PG&E February 12 13 26 27 March 12 13 26 27 April 9 10 23 24 2019 https://t.co/bTQL5bm6Nchttps://t.co/DN4ciLeTUo
San Francisco-based PG&E issued the warning of rising rates as part of a wide-ranging examination by the state Public Utilities Commission of the utility’s much-criticized safety culture.
San Francisco-based PG&E issued the warning of rising rates as part of a wide-ranging examination by the state Public Utilities Commission of the utility’s much-criticized safety culture.
$PCG As of 4/15 Shares sold short 4.61% Shares hold by institutions 78.59%
As of 4/30 Shares sold short 4.00% Shares held by institutions 78.88%
As of 5/13 PG&E Corp. Insitutional Ownership 83.20%
Shorts are slowly covering while institutions are slowly adding more as it gets closer to BK exit. With market tanked 600 points pcg is still close to $11, I think we are in a pretty good position once the flood gates open n pcg gets out of BK.
$PCG #PGE #CALIFORNIA PG&E took $11.5 billion in wildfire-related charges in the fourth quarter—including $10.5 billion related to the deadly Camp Fire in California—and said it may not be able to continue as a going concern https://t.co/D8R0OlFGjp via @WSJ
PG&E said its equipment will probably be found to be an “ignition point” of the Camp Fire in Paradise, Calif., last year that killed 85 people, and recorded total fire-related charges of $11.5 billion in the fourth quarter.
PG&E said its equipment will probably be found to be an “ignition point” of the Camp Fire in Paradise, Calif., last year that killed 85 people, and recorded total fire-related charges of $11.5 billion in the fourth quarter.
Dumas also stressed something that I think a lot of folks have not grasped: under the $13.5B deal, fire victims won’t get individual stock. The *trust* will and it will be liquidated for cash to pay victims. At least that’s the general idea $PCG
Diamond Handed Apes Hold Strong!
💎💎💎💎💎💎💎💎💎💎💎🚀🚀🚀🚀🚀🚀🚀🚀🔥 AMC army Stand Up! #amc #amcarmy $tsla $marps $pcg #gme
Thinking ahead. If you want to invest to help yourself and hundreds of thousands of others you might consider $PCG. It’s a utility company (electric/natural gas) in CA. They recently signed a deal with $TSLA. The company came out of bankruptcy recently with a new law enacted (AB 1054) creating a 21 billion dollar fund to protect against future fire claims. This stock traded at $50 to $75 a share pre 2018 campfire which decimated a town. The victims of fires have a trust holding shares of PCG and need to sell them to be reimbursed for fire damages. While selling the shares will bring down the price, I believe this is a good investment. Dividends will be brought back on board and the company is a cash cow – It’s an electric company – things are moving towards electric and they were already making money – and they have gov backed insurance (billions of dollars worth now). Getting in soon, could mean quintupling (or more) your money. You help others and get richer. Sorry to be long winded, but it’s an option I wanted to throw out there. It’s up to you. Thanks – upvote if you’re a diamond handed bull!
#FLMN #CVE #FRO #LBRT #PCG #RDS.A #RDS.BA
PG&E Corporation and Pacific Gas and Electric Company (19-30088)
COURT DOCUMENTS
READ DOCKETS DATED 02/15/2019
Pacific Gas and Electric
PG&E
https://t.co/CeDYrIZ4os https://t.co/dse7KxMem3
30 DAY GRACE PERIOD ENDED TODAY.
Voluntary Bankruptcy will become Involuntary #BANKRUPTCY
INITIAL NOTICE
PG&E Shares, Bonds Plunge After Interest Payment Missed
PG&E Shares, Bonds Plunge After Interest Payment Missed
In response to a request for comment, the company cited the SEC filing, which also noted that "Under the indenture governing the 2040 Notes, PG&E has a 30-day grace period to make the interest payment before triggering an event of default."
https://www.newsmax.com/t/finance/article/898350?section=markets&keywords=pg-e-interest-payment-bonds&year=2019&month=01&date=15&id=898350&oref=t.co
PG&E’s stock is jumping today ( stock up today > 17%) based on its proposed settlement with the California fire victims..as a major part of PG&E’s restructuring plan ( there are Billions $ of their equity and board’s fiduciary duty at stake here) is to avoid another major wild fire at any cost.
PG&E officially stated that moving forward they would be shutting down the power even more frequently, as a precaution against high wind or dry conditions risking another such fire. So unfortunately more sad news for Californian businesses and residents ... but it doesn’t have to be, thanks to Bloom Energy and it’s micro grid solution.
I don’t expect California’s critical infrastructure like hospitals, stores, schools, offices, data centers, factories and even homes wanting to go back to 18th century living in darkness and without water ( and toilet)..risking lives and business revenues !! ( note: if you are living in those areas affected by the PG&E wild fires - my sincere sympathies..please do comment how you feel about the power cuts..)
Given that another major fire incident will be a kiss of death for $PCG stock value and for its management — $BE’s fuel cell power generation is ripe for an immediate and sustainable solution to power this critical infrastructure (locally using micro grids). The Bloom Energy fuel cell micro grid power generation solution is much cheaper, safer and cleaner than installing traditional generating sets ( with traditional generators and turbines - mechanical efficiency is much lower, and green house gas and particles emissions are much higher polluting communities near the traditional these generating sites..and by the way not everyone can afford and maintain a generator ...thankfully no such issues near Bloom’s fuel cell sites and existing local grid infrastructure can be used to distribute the power to everyone ).
Solar and Wind power may have an important role to play but these are a part of the solution with $BE fuel cell generation ( powered by natural gas or methane generated from community or farm waste sites) ..
Solar and Wind power sources can’t work alone all by themselves.. solar and wind source intensity changes daily and seasonably, requiring a Battery to store their power or to pump back the power in a grid..
There is no such Battery of that size in the world today and not expected at least for the next 5-10 years - to power this critical infrastructure for its peak load and its average load for hours and days!!! ...the largest battery for such utility use is made by Tesla and it is only used to balance peak loads for just seconds of the peak power loads variation !
In conclusion, I expect a huge order for $BE fuel cells in 2020 & beyond from California and many other states across the US ( and for that matter whole micro grid sector as a whole is expected to go up!) ..
As Utilities and their boards wake up to these expensive risks ( such as PG&E did , and it is just a start) , and State & Local Politicians better understand that they will be voted out of “power” if their voting residents are “out of power” ( as NY legislators recently allowed propane pipeline for Long Island) — $BE investors and clients will be handsomely rewarded !!
( BTW: $BE stock is severely underpriced at this time due to short sellers activity..for instance, $BE market value is even lower than its enterprise value..but I think short sellers did not expect the California wild fires and intensity of the regulatory changes propelling Bloom servers installations)
https://restructuring.primeclerk.com/pge/Home-DownloadPDF?id1=MTI5MTA2&id2=0
SHAREHOLDERS WILL PAY, NOT RATEPAYERS
THIS IS CLEAR AS DAY FOLKS
https://www.facebook.com/NBCLA/videos/248557336036768/
$1.95 next week
2) making payments part of settlements without significant hardship
3) board reorganized duties of individual and much more attention to public...
4) reached out significantly more customers with news-notices etc very good relationships and improving.
5) $PCG is still making money
PG&E
February 12 13 26 27
March 12 13 26 27
April 9 10 23 24 2019
https://t.co/bTQL5bm6Nc https://t.co/DN4ciLeTUo
$PCG #PGE #CALIFORNIA
https://www.mercurynews.com/2019/02/21/pge-says-company-split-is-doable-but-warns-bills-could-rise/
As of 4/15
Shares sold short 4.61%
Shares hold by institutions 78.59%
As of 4/30
Shares sold short 4.00%
Shares held by institutions 78.88%
As of 5/13
PG&E Corp. Insitutional Ownership 83.20%
Shorts are slowly covering while institutions are slowly adding more as it gets closer to BK exit. With market tanked 600 points pcg is still close to $11, I think we are in a pretty good position once the flood gates open n pcg gets out of BK.
Target Raised by Morgan Stanley Equal Weight USD 13 » USD 13.5
Target Raised by JPMorgan Chase Neutral USD 11 » USD 12
PG&E took $11.5 billion in wildfire-related charges in the fourth quarter—including $10.5 billion related to the deadly Camp Fire in California—and said it may not be able to continue as a going concern https://t.co/D8R0OlFGjp via @WSJ
https://www.quora.com/Why-did-the-PG-E-PCG-perform-bad-lately-in-the-stock-market