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PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.

 
Remedial_Rebel

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10/28/2019 02:36 PM

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PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.

Last Edited by Remedial_Rebel on 10/28/2019 03:32 PM
Remedial_Rebel  (OP)

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10/28/2019 02:42 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Well thank you so much Juan Star.

I wear that 1 star like a badge of honor.
Remedial_Rebel  (OP)

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10/28/2019 03:21 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Now over 28% down today.

Panic selling

[link to finance.yahoo.com (secure)]
Anonymous Coward
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10/28/2019 03:43 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
It should be illegal what they're doing
Remedial_Rebel  (OP)

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10/28/2019 03:51 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
SAN FRANCISCO — Pacific Gas & Electric expanded its power outages across Northern California to nearly 1 million customers, meaning well more than 2 million people are in the dark Sunday.


[link to www.latimes.com (secure)]


This is going to lead to a mass exodus from CA

Texas and Florida get ready, cause here they come.
Remedial_Rebel  (OP)

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10/28/2019 03:56 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
It should be illegal what they're doing
 Quoting: Anonymous Coward 77158128


Agreed, but remember the state is really responsible because of environmental regulations, they don't let power company properly clear foliage around the lines and preventative measures to prevent to fires to begin with.

This is why Trump resisted giving FEMA money last year.
nutmeg

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10/28/2019 04:06 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
I have PSEG on the east coast. I love it! I cannot remember when my power was out except one time. During Hurricane/Super Storm Sandy in 2012. I think the power was out, at the most, 8-10 hours. I just used my little emergency battery-operated radio to hear the news.

Last Edited by nutmeg on 10/28/2019 04:07 PM
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10/28/2019 04:21 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
GOOD - IDIOTS DESERVE IT AND MORE!!!!
Anonymous Coward
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10/28/2019 04:22 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
TESLAS POWER WOULD HAVE BEEN A NO WIRED SYSTEM!!!!!!!!!!!!!!!
Remedial_Rebel  (OP)

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10/28/2019 04:30 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


Cali has other power company's, but I don't think they'll even consider a take over until the state changes the environmental regs and liability laws.

Thanks for the pin.

Last Edited by Remedial_Rebel on 10/28/2019 04:33 PM
Remedial_Rebel  (OP)

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10/28/2019 04:32 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
I have PSEG on the east coast. I love it! I cannot remember when my power was out except one time. During Hurricane/Super Storm Sandy in 2012. I think the power was out, at the most, 8-10 hours. I just used my little emergency battery-operated radio to hear the news.
 Quoting: nutmeg


The east coast has their liberals, but they're not as insane as the west coast ones, well except for AOC.tounge

Last Edited by Remedial_Rebel on 10/28/2019 04:34 PM
semiamateur

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10/28/2019 04:37 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Isn't CA is going broke? They can get federal money by declaring a state of emergency. I don't remember fires like this decades ago or the rolling blackouts.

PG&E serves the greater portion of CA & the Sacramento area and they have been taking the brunt of the blame. Isn't a R0thchild on PG&E board? There are so many fires that I would guess some are deliberate.
semiamateur

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10/28/2019 04:44 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Isn't CA is going broke? They can get federal money by declaring a state of emergency. I don't remember fires like this decades ago or the rolling blackouts.

PG&E serves the greater portion of CA & the Sacramento area and they have been taking the brunt of the blame. Isn't a R0thchild on PG&E board? There are so many fires that I would guess some are deliberate.
 Quoting: semiamateur


just saw another pinned post answering my questions.
Thread: PG&E ROTHCHILDS MURDERERS 100'S IN CAL FIRES
Anonymous Coward
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10/28/2019 04:44 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Mark my words - PG&E rates are going up, up, up. They will not be permitted to lose money. It's happened before everywhere.
saved

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10/28/2019 04:51 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Mark my words - PG&E rates are going up, up, up. They will not be permitted to lose money. It's happened before everywhere.
 Quoting: Anonymous Coward 78103426


This is different PG&E are a team of deep state globalist fucktards like the rothchilds who were allowed by Pelosi and newsome to monopolize and can take the financial loss so long as commifornia is their base to allow the rest of the world to invade.naughty I can tell you this though, it isnt gonna be long and a lot of evil mother fuckers are going to perish.battleflag Why do you think Trump kicked China off of our coast line!??? Weve been at war already but its about to ramp up like you cant imagine.flag waverLand of the Free Home of the Brave, those who have forgotten are about to be reminded.dynamite

Last Edited by saved on 10/28/2019 04:52 PM
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Q33

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.
 Quoting: Remedial_Rebel


after 9.6 EQ in LA we can all sleep sound!
saved

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10/28/2019 04:54 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.
 Quoting: Remedial_Rebel


after 9.6 EQ in LA we can all sleep sound!
 Quoting: Q33


Hell at this point open up the flood gates because one way or another it will get dealt with. It wont be the first time in this country.1dpanic
Come And Take It!
Anonymous Coward
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10/28/2019 04:56 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
It's all liberal so it will be alright. Communist state absorbs it and then provides even worse service (somehow) and jacks the rates 300%. You don't like it, they foreclose if you can't pay and they own your home.
Anonymous Coward
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10/28/2019 04:57 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Mark my words - PG&E rates are going up, up, up. They will not be permitted to lose money. It's happened before everywhere.
 Quoting: Anonymous Coward 78103426


This is different PG&E are a team of deep state globalist fucktards like the rothchilds who were allowed by Pelosi and newsome to monopolize and can take the financial lost so long as commifornia is their base to allow the rest of the world to invade.naughty I can tell you this though, it isnt gonna be long and a lot of evil mother fuckers are going to perish.battleflag Why do you think Trump kicked China off of our coast line!??? Weve been at war already but its about to ramp up like you cant imagine.flag waverLand of the Free Home of the Brave, those who have forgotten are about to be shown.dynamite
 Quoting: saved


That should make it even worse. I'm still confident the rates are going up.

A huge factory here, a huge electric consumer, closed it's doors. The power company asked the PSC for a big increase to prevent their losses. PSC pulled their hamstrings jumping to sign the approval.

Derecheo hit in 2010(?), same power company asked for a rate increase to cover repairs and other lost revenue. PSC wasted no time.

Obviously the profits are never applied to operating expenses.
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10/28/2019 04:57 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
PG&E trucks are a common sight in SoCal for as long as I can remember. How did this company become such a turd?
Piercing my heart there is a golden dagger; that is God

Piercing God's heart there is a golden needle; that is me
Remedial_Rebel  (OP)

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10/28/2019 05:11 PM

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.
 Quoting: Remedial_Rebel


after 9.6 EQ in LA we can all sleep sound!
 Quoting: Q33


Hell at this point open up the flood gates because one way or another it will get dealt with. It wont be the first time in this country.1dpanic
 Quoting: saved


What bothers me most about the power issues is this.

I live on the west coast of Florida and 2 summers ago I noticed CA plates riding around town. Then I read all these articles there was a exodus of working/middle class leaving CA because it's unaffordable to live there. While TX is #1 state of migration, FL was #3.

With all this power shit, people will be leaving in hordes. Then they bring all their BS ideas with them and explode the cost of living here and turn FL to a blue state.

Not good.
Anonymous Coward
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10/28/2019 05:16 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Trump doesn't give a shit about these people.
saved

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10/28/2019 05:20 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.
 Quoting: Remedial_Rebel


after 9.6 EQ in LA we can all sleep sound!
 Quoting: Q33


Hell at this point open up the flood gates because one way or another it will get dealt with. It wont be the first time in this country.1dpanic
 Quoting: saved


What bothers me most about the power issues is this.

I live on the west coast of Florida and 2 summers ago I noticed CA plates riding around town. Then I read all these articles there was a exodus of working/middle class leaving CA because it's unaffordable to live there. While TX is #1 state of migration, FL was #3.

With all this power shit, people will be leaving in hordes. Then they bring all their BS ideas with them and explode the cost of living here and turn FL to a blue state.

Not good.
 Quoting: Remedial_Rebel


Im in New Mexico so I catch your drift. Corruption was already here and there, but now its receiving foreign support. Its why brute force will be absolutely necessary.yessir
Come And Take It!
Anonymous Coward
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10/28/2019 05:20 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


Anonymous Coward
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10/28/2019 05:21 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


the light from your bottom great leader
Anonymous Coward
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10/28/2019 05:23 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
SAN FRANCISCO — Pacific Gas & Electric expanded its power outages across Northern California to nearly 1 million customers, meaning well more than 2 million people are in the dark Sunday.


[link to www.latimes.com (secure)]


This is going to lead to a mass exodus from CA

Texas and Florida get ready, cause here they come.
 Quoting: Remedial_Rebel


they will be welcomed with open arms to the land of paradise.
saved

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10/28/2019 05:24 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


the light from your bottom great leader
 Quoting: Anonymous Coward 78112430


The only way you would know that is from down under you butt licking commie.fuckoff2popcorn
Come And Take It!
Callin

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Typical liberal MO...bankrupt everything they touch.


Oh well, the areas they serve in CA are mostly 'climate change' liberals, so they won't mind forgoing power permanently to save the planet.

Liberals show us how much you believe in 'climate change / global warming' and live without power. Think of all the carbon you'll be saving from being released into the atmosphere!!!
The further a society drifts from the truth, the more it will hate those that speak it - Orwell

If you’re backed by Hollywood, social media, the government, and practically the entire globalist system, you are not the resistance -- you're part of the problem
Anonymous Coward
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10/28/2019 05:38 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


burnitdance Truly seems like there must be a hidden endgame going on.
saved

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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
And this is how they socialize the power company in California...

If they go bankrupt who will provide power?
 Quoting: ^TrInItY^


burnitdance Truly seems like there must be a hidden endgame going on.
 Quoting: Anonymous Coward 73848670


Just not so hidden anymore....epiclol
Come And Take It!
Anonymous Coward
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10/28/2019 05:53 PM
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Re: PG&E (California power co) stock at record low. Citi warns it could be worthless. Down over 28% today alone.
Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless

[link to www.marketwatch.com (secure)]


It has dropped over 90% from this time last year.

[link to finance.yahoo.com (secure)]

California government must be really proud to bankrupt a major utility.

They are becoming a mirror of Venezuela.
 Quoting: Remedial_Rebel


after 9.6 EQ in LA we can all sleep sound!
 Quoting: Q33


Hell at this point open up the flood gates because one way or another it will get dealt with. It wont be the first time in this country.1dpanic
 Quoting: saved


What bothers me most about the power issues is this.

I live on the west coast of Florida and 2 summers ago I noticed CA plates riding around town. Then I read all these articles there was a exodus of working/middle class leaving CA because it's unaffordable to live there. While TX is #1 state of migration, FL was #3.

With all this power shit, people will be leaving in hordes. Then they bring all their BS ideas with them and explode the cost of living here and turn FL to a blue state.

Not good.
 Quoting: Remedial_Rebel


Stop worrying about it. The lefty fucks will stay right where they are - they love it.

The most of those leaving are the ones trying to make an honest living.





GLP