Pacific Gas & Electric Co. (NYSE:PCG)

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  • AndStars: ...
    I've owned Bitcoin and Ethereum in the past, some via purchase on Coinbase ($COIN) and some by direct mining. (I curtailed all mining activity a few years ago due to high production costs: My rig had 8 $NVDA GPUs and used a LOT of 240V mains electri ...
  • jwk567: Any thoughts or observations on $MRK and $PCG? Thank you.
  • scottrades: @jwk567 $MRK $PCG I posted a chart on MRK below. Nice flag and Earnings reaction
  • jwk567: @scottrades $MRK $PCG Thank you Scott! Great to have you back.
  • scottrades: Some #earnings for the week: $SQ $PFE $ROKU $MRNA $PINS $ON $DKNG $UBER $COIN $APPS $QCOM $CRSR $PENN $SKLZ $PCG $CVS $TRVG $CRNT $ABNB $ATVI $MRO $MELI $DVN $FANG $BP $PTON $CGC $VIAC $AMG $FSLY $UAA $EPD $ET $NET $AKTS $ZG $GNRC $ALX $CNA $TMUS $SKC $RIG
  • Ajax4Hire: On $TSLA,$GNRC,$PCG,$TAN,$ENPH,$SEDG,$FSLR...
    CA-California government decrees that by 2035:
    California Will Phase Out Gasoline-Powered Cars(Electric Vehicles only).

    Last year, 2020(kinda low usage)
    CA used 31.64 million gallons gasoline/day which i ...
  • scottto_2: #InsideBarList - My OCD kicked in hard on this one - Thanks Sir @Aragorn - $AAL $AAOI $AAPL $ABC $ABT $ABUS $ACAD $ADI $ADS $AEM $AES $AFL $AGCO $AGIO $AIG $AKAM $AKTX $ALE $ALGT $AMCX $AMN $AMP $AMT $AMZN $AN $ANET $ANGI $ANTM $AON $APA $APD $APRN $ ...
  • phgruver: ...
    We aren't going to quit using electricity any time soon, and even though electric utilities tend to be political footballs, they are consistently profitable, and pay their dividends with amazing regularity. Many pension plans depend of utilities to ...
  • cmaxwel1: @phgruver $SO $XLU $PCG ($so 59.57 would need to hold to add). I am long on this from 53.91 cost basis.
  • mharps: @phgruver $SO $XLU $PCG Look at $so on a weekly-next div not till maybe August-seems to be no hurry
  • phgruver: @cmaxwel1 $SO $XLU $PCG $so I'm not that generous. I want $60 to hold! I'm in from around $50, but this is my most recent utility. I'm not looking to add very much. I've been trying to diversify into the strongest of the utilities, but I don't want to be too dependent on one sector for income.
  • Ajax4Hire: @phgruver $SO $XLU $PCG Epiphany. $PCG-PG&E will never thrive. Californians either hate $PCG for what it does or hate for the monthly bill $PCG extracts. Large scale electric power will be legislated, hated into oblivion(in CA first). What will comes after? Current "green" technologies(wind,solar,perpetual motion) can never supply enough power for a growing population and growing demand. Moving forward, the solution will be small, local, neighbor power plants(like a larger scale $GNRC solution). I have more on this idea but too long for this forum. My personal situation: 42home neighborhood $10k/home extra cost for 25kW/home, doable today with today's technology.
  • DAN: @dpierce3326 $PCG Great job! 8-)
  • dpierce3326: Thank you to @scottrades for the $PCG mention! Played this both ways for a nice 6.4% gain! Bought at $11.23 and $11.63 and sold all at $12.01. Then turned around and shorted at $12.26 and $12.50 and sold at $11.76 and $11.66. Felt good with this trade, however could have managed it a little better. R1 and 200 DMA were both right in the $12.30-$12.40 range.
  • scottrades: Weird Day, right? My goal is to continue to trade small and keep my expectations in line. $SPXL Use a Stop Loss. $SPXS Use a Stop Loss. $TRIL Watch 4.35 $CATS No complaints. $WM Low volume, but trying to base. $AMT Pushing off the 50 Day $WYNN Broke above yesterday's high on good volume. $MAR looks like WYNN $CRM Alert at 153 $PHM Watch 26 $PCG Could have a follow through move tomorrow. $STOR Great volume today. Watch 17.10
  • JBed: $PCG made some decent money on this today. It has a path out of bankruptcy and just pleaded guilty to involuntary manslaughter in the Camp Fire case. Now it's pulled back to the VWAP and I'm watching for a new entry.
  • debeers: $PCG-So the governor who allowed the utility to neglect the trimming backof the overgrowth decided today that having plead guilty to involuntary manslaughter PCG had suffered enough. Stock rose 12% today. if i didn't see it, i wouldn't have believed ...
  • Wolf: $PCG Miss EPS, down 2% PM
  • DrScience: $PCG Noted on TOS Trade Flash: Stock was up 20% from the low. Don't know if that little tidbit was what caused the stock to drop back 10% to VWAP, but traders rushing for the exits on high volume.
  • champ: $PCG..up over 21%.
  • shoredriver: @Henry $I $CHK $PCG ...Gasbagarino...can't believe he is still hanging on....like you know what on a shoe......Glad np......
  • Henry: $I Pointstate capital is liquidating this according to Charlie Gasparino other stocks that are hurting hedge funds are $CHK $PCG np
  • debeers: @CdrJake $TMHC $RH -NO. You check your facts, sir. i was totaling the number of homes lost between the 2 fires as put out by $PCG this am at 2:31 am pacific.
  • phgruver: @rj7150 $BRKB Call me cynical, but I think he's looking for deep pockets. As it is, $PCG, down from $70/share in Sept. 2017 to $5/share Friday, will probably be forced into bankruptcy.
  • utex72: @Bridget $XLU $SMH $IYR $NKE $DK $CVX $LEN $BX $X $TIF $IR $CRZO $APC $PXD $CLR $LNG $PTEN $XEC $CXO $CTXS $LEA $CCL $RCL $ACN $DQ $DOV $PCG $EWW $KMX $TTD $SOI $GOOS $HOME $GDI $WTTR #Notes Thx you Bridget; hope you have a great weekend.
  • bigbartabs: $PCG ... PG&E starting to rise from the ashes?
  • debeers: $PCG- Goose was asking about this one. In any event, they reached a settlement on the damages for wildfires. NEWBIE NOTE: Hardly ever matters what a settlement is in a lawsuit. Shareholders are just relieved that there is one and that the damage can be quantified. NP
  • infocus: @debeers $PCG Right near the end of the day I took this position: $PCG STO Sep 13 2019 10 Puts @.15 Forgot to post. Planned to take the stock if put to me, and then sell covered calls against the stock. Looking like I won't have to do that :>)
  • brice: @GOOSE #Hear $PCG
  • CraigReynolds: @GOOSE #Hear $PCG A lot of Oct 13 calls in $PCG happening for some reason
  • GOOSE: @CraigReynolds $PCG #Hear Thank you Craig, thanks for the info.
  • debeers: @GOOSE #Hear -Darling Goosie absolutely $PCG- the most irresponsible, corrupt, hideous utility in the universe. Most folks who live in Cali have been victimized by it one way or another. Mommie
  • AndStars: Play on PG&E $PCG planned wildfire prevention blackouts of up to 1/3 of the most populous state in the USA. Millions will be out of power for days at a time: In my area I can't even get generator installers to answer the phone. They've never seen so many orders. BTO $GNRC 7/19/19 $55.00 Calls @ $5.74 http://bit.ly/LATimesWildFireBlackouts http://bit.ly/SacBeeWildfireBlackouts http://bit.ly/SantaRosaWildfireBlackouts http://bit.ly/MercuryNewsWildfireBlackouts
  • cwelsh1417: $PCG How can this stock possibly be worth $13+/share? Do the hedge funds think the shareholders won't be wiped out or ...???
  • DrScience: $PCG halted and $EIX spiking on news... BZ: Shares Of Edison International Spike Amid Reports That California Has Cleared PG&E For 2017 Wildfire
  • baronp0329: @DrScience $PCG $EIX received a PCG alert also. Trading open now. PCG jumped to 25%.
  • champ: $PCG up 77% ....but #Halted
  • Sher: @champ $PCG #Halted - Shoot... I let this one slip from my radar, yesterday! Are you in it?
  • champ: @Sher $PCG #Halted ---- No I missed it.
  • champ: @issues $LOW $HD $NFLX $BIDU $BABA #Day-Trades-only --- Know new Day-shorts this morning... but I did take a few new spec positions...this was one...$PCG
  • 1winkie: ...
    $PCG was downgraded to Market Perform from Outperform and the price target is now just $10 at Wells Fargo. This call is among many other analyst downgrades in recent days around the bankruptcy fears, and its shares were down yet another 17% at $6.91 ...
  • tjv821: @1winkie $APA $CPE $XEC $CZR $COLM $DELL $DVN $HPE $INCY $NTAP $JWN $MET $PCG $PTC $SC $SM $SNAP $VBIV $WFC ty for the list
  • DAN: $PCG -- There are some people here who are a lot more informed than I am about bankruptcy law. But...don't overlook PG&E's bankruptcy filing. The stock won't go to zero. Filing bankruptcy isn't the death knell of the company. It just might be the beginning of the...beginning. Very risky stock, and admittedly does not fit my desired trade parameters. But as a swing trade / oversold rebound? Might work for those who can stand the risk.
  • Sher: @DAN $PCG - Feb. $7 call volume 4,143 against OI of 157...
  • wijimmy: @DAN $PCG . Thought that back in may 2016 about Sandridge Engery $SD.. they filed for bankruptcy protection .. I believe it fell to ZERO was delisted, all stock holders lost everything (all their Shares),, had to do a class action suit to try and recoup a little coin and the case is still open today... But then some how Sandridge Energy started trading again under a new ticker and is listed again and sucking in new investors...
  • champ: $PCG.....this was a great short...but this looks like it is time to move on.
  • GOOSE: TRADES: $PCG BTC STOCK 8.97 ;>) $AMD STO 1/25/19 21.5 CALLS @.55 $AMD STO 1/25/19 22.0 CALLS @.42 $AMD STO 1/25/19 19.0 PUTS @.40 $ROKU STO 1/18/19 43.0 CALLS @.57 $ROKU STO 1/18/19 38.0 PUTS @,63
  • Forexpro: ...
    I haven't seen much in the news that really struck me as "news". S&P cut $PCG's debt from "BBB-" to the junk-grade "B", keeping it under potentially negative review. The company has, if I remember the piece accurate ...
  • bigbartabs: @Forexpro $PCG ... yes, they are in pretty big trouble out here. Being sued for the Camp Fire. I had a high school classmate, who married a college buddy of mine. The lost everything they had in Paradise, CA. Terrible mess, but they are on the me ...
  • bigbartabs: @DAN et al $PCG ... This just in: Pacific Gas & Electric (PG&E) has had it. They are moving to Texas.
  • Bob E: @bigbartabs $PCG That's great! But don't take their current employees with them!
  • Forexpro: @bigbartabs $PCG LOL, Bigbartabs, One of my childhood friends went to work for $PCG out of law school, although he subsequently moved into private practice in environmental law. His affection for the California Coastal Commission is inexpressible, at least in family newspapers. FWIW, I'm not seeing anything about a move; there are growing fears that wildfire liability, etc. will lead to a bankruptcy filing. Not the best chart I've ever seen, although it is managing to stay above the recent low. Hope that you're faring well as 2019 gets under way; all the best!
  • GOOSE: TRADES: $PCG STO 1/4/19 23.0 CALLS @.70 $DBX STO 1/4/19 20.5 CALLS @.60 $NRZ STO 1/18/19 14.0 PUTS @.60 Thanks @Jan 2138
  • GOOSE: Some TRADES: Yah, I know, I'm propabably nuts. $NRZ STO 1/18/18 15.0 PUTS @1.49, AND 14.0 PUTS @.70 Trying to buy the stock a little cheaper. $SFIX STO 12/28/18 17.5 CALLS @.35 $AMD STO 12/28/18 17.0 CALLS @.50 $PCG STO 12/28/18 23.5 CALLS @.55 $AMD STO 12/28/18 17.5 CALLS @.36 These expire Friday, this is a slow week, most of the BAD news has been baked in so.................
  • infocus: @GOOSE $NRZ $SFIX $AMD $PCG Everyone knows you're nuts...good luck, it must be working for you ;>)
  • GOOSE: TRADES: $DBX STO 12/21/18 23.5 CALLS @.40 $DBX STO 12/14/18 22.5 CALLS @.40 Will cover if necessary. $PBYI BTO STOCK 23.77 $PBYI STO 12/14/18 25.0 CALLS @.55 $PBYI STO 12/21/18 24.0 CALLS @1.30 $PCG STO 12/14/18 27.0 CALLS @.30
  • GOOSE: TRADES: Down 2.5% this morning, almost flat now. ;>) . Checked out @Forexpro's $WFC post this morning, and Slinger that I am did a trade. Thanks @Forexpro. $WFC STO 12/14/18 150/145 BuPS @.80 $BTC 12/7/18 Short Calls in $PCG, $AMD, & WLL for .05. $DBX STO 12/14/18 23.5 CALLS @.50
  • Forexpro: @GOOSE $WFC $BTC $PCG $AMD $DBX You're Welcome, Goose, You wild and crazy contrarian, you. :) Hope you're well, and thriving!
  • 1winkie: ...
    $PCG was raised to Buy from Neutral but the target price was cut to $40 from $48 at Citigroup. PG&E shares were up 37% at $24.40 on Friday after news that regulators did not want PG&E to go bankrupt even if it did have a role in the record w ...
  • debeers: $PCG- On the stock-In California, among the top 3 contributors to the governor was PG&E. The idea that the utility will ever go bankrupt is folly. OT-Brown also will never acknowledge that when all the firefighters asked the governor to allow PG&E to remove already dead trees, he wouldn't allow it as the $$$ were already earmarked for the railroad that went nowhere. I have no idea how his conscience will fare for the now 63 dead with another 600 missing ---apparently, ignorance triumphs everything..
  • Kid2old: @debeers $PCG Politicians are not accountable.
  • Junior1: @debeers $PCG OT Santa Ana winds were the real culprit for the speed of the spread
  • debeers: @Junior1 $PCG -You are absolutely wrong. The DEAD trees + the wind caught fire. None of the power lines were secured away from the dead trees. I have tracked this in Cali for the past 3 years.
  • champ: @debeers $PCG --- @Junior1... didn't say the power lines started the fire, he only talked about the wind...... he is right about the wind, it did spread the fire.
  • jan2138: @debeers $PCG #OT That is unconscionable. Forest management is so important and with the history of forest fires in California, those dead trees should have been felled and moved. Hang down your head Gov. Brown.
  • KemoSabe: @DrScience $PCG #yieldhog There is no dividend with $PCG. It was discontinued last year. (correction)
  • DrScience: @KemoSabe $PCG Ah. You're correct. #TOS still showing .53 as last dividend, but 9/29/2017 (NOT 2018) as ex-div date.
  • DrScience: $PCG continuing to fall in the wake of California fire liability. The silver lining might be the 10% #yieldhog divvy... But, is it safe? Evidently... NO! Dividend suspended in late 2017. Thx to @KemoSabe for correcting my mistake.
  • Nepenthe: $PCG "59er?"
  • Nepenthe: $PCG Curious where this opens tomorrow as it's now 30-40% up post-market.
  • Nepenthe: @champ $PCG $ED #but #Day-Trades No, I definitely would not swing trade it. In an imaginary world, it would have been nice to buy it tomorrow morning at today's closing price, or thereabout, and then watch it go up 30+%. But, alas...so, as I say, it will be interesting to see where, indeed, it opens tomorrow after this after-hours action. And right you are about focus. I have but two stocks upon which I'm focused (other than a few in my IRA), and then the occasional bounce/59min. trade, and I allot myself but one of those per day. Cheers.
  • champ: @Nepenthe $PCG ---- Maybe....this bounced in the AH's could continue....#but last time, when this dropped in 10/17, this continue into 2/18 before the turn....this drop could continue....but this is a great trading stock now, just like last time....b ...
  • champ: @Nepenthe $PCG $ED #but #Day-Trades --- #Market-Direction...if it happens ...I'm ready --- The focus... should be if you want to add and you need to answer that question now, not in the morning. However, the focus that I was referring about is....my ...
  • jwstich: @champ $PCG $ED #but #Day-Trades #Market-Direction #action #nothing I am wanting to better understand what you are saying. Are you saying you have already purchased stocks to trade in the morning or will you purchase in the morning premarket? Or maybe I am confused....do you purchase after the market opens? - Not sure what you mean by "late trader". - Not sure what you mean by "the smaller the open the larger my position size will be". I appreciate all you do on this board and am trying to learn from someone who is a very good trader. However it is so difficult to communicate these complex issues on this format. Thank you in advance for your knowledge and kind help. John
  • champ: @jwstich $PCG $ED #but #Day-Trades #Market-Direction #action #nothing --- Not really a complex issue, if you are referring about $PCG....there were a few buyer going into the close but after the close, is what I'm talking about, the stock started to ...
  • steve71: $PCG $BA Wrong and Wrong. Exiting PG&E with a loss. Thesis is probably still correct, they will get bailed out of potentially huge liability losses. But I was way too early.
    Boeing. Very disappointed. My thesis here was that there hasn't be ...
  • steve71: $PCG Down 40% in two days. PG&E lines are suspected to have caused the Camp Fire.
  • DT: $PCG Too late to get in now, but PCG would have been a beautiful 59 minute trade to catch this morning. Up 26 % from it's intraday low and maybe still climbing.
  • steve71: $PCG Long this morning at 33.10 and adding now at 34.38. Last year Gov. Moonbeam signed a utility "bailout" bill significantly CA protecting utilities from catastrophic event liability for the 2017 fires. Even our rainbow socialist legislature recognized that bankruptcy would cost customers far more. One way or another, the ratepayers are going to eat the costs.
  • phgruver: @steve71 $PCG ...what a surprise. That's why I'm adding to $DUK whenever headlines beat it down. As long as people want to be able to turn on the lights, $DUK ain't going out of business.
  • JJT1: $PCG $PPL $SSP $NYT So Market edge has 2 out of 91 industries as Strong and they are Utilities which $PCG and $PPL seem to be starting uptrend from bottom with 50 above 100 above 200 and now all are heading up, and Media with $SSP and $NYT in upper right hand corner of a daily chart...well, may have to look at weekly for $NYT to be there.
  • GOOSE: TRADES: Not timely. $ROKU STO 8/17/18 57.0 PUTS @.79 $TNDM BTO STOCK @31.76 To cover. $PCG STO 8/17/18 43.0 PUTS @.97 $PCG STO 8/17/18 43.5 CALLS @.58
  • GOOSE: A TRADE: $PCG STO 8/10/18 44.0 PUTS @.70 Risky, near the money.
  • GOOSE: A TRADE: $PCG STO 8/10/18 44.0 CALLS @.40 I figured since I just sold the 44.0 Puts for .70, I now have a 1.10 cushion on a Utility stock, with this Friday the expiration date. If it's Put to me, assigned, my cost basis will be 42.90. Current price is 43.78. 2 days and a cuppla hours to go. ;>) I MEAN, WHAT CAN HAPPEN?
  • bigbartabs: $PCG ... low risk buy point. Half position... hoping to get some of my money back from all the checks I have sent them for 45 years. Etrade shows zero dividend yield (which since a utility, presuming not right). If anyone shows a dividend % on their trading platform... let me know. Thanks...
  • Kid2old: @bigbartabs $PCG $PCG On December 20, 2017, the Board of Directors of PG&E Corporation determined to suspend the quarterly cash dividend on the Corporation’s common stock, beginning with the fourth quarter of 2017, citing uncertainty related to causes and potential liabilities associated with the extraordinary October 2017 Northern California wildfires. http://investor.pgecorp.com/shareholders/dividend-information/default.aspx
  • KemoSabe: @bigbartabs $PCG Back toward the end of last year, they suspended all dividends. Think this was done because of their potential liability in the California wildfires.
  • bigbartabs: @Kid2old $PCG ... thanks... I hadn't seen the news. I actually live in a California wildfire area... designated by the insurance industry. In 5 years... my homeowners insurance has gone up 475%. And, with no fires in the 36 years we have lived here.
  • bigbartabs: @KemoSabe $PCG ... thanks.
  • bigbartabs: $PCG ... I guess PG&E is not a fan of all new California homes requiring solar.
  • peppercorn: @Aragorn thanks for these #InsideMonths to consider and track for FEB 2018 - $ADXS $AGCO $AGX $ALNY $ALRM $APT $ATAI $AVAV $BCOV $BLUE $BMRN $CALA $CGNX $CLX $CRTO $DBA $DBD $EFOI $EQT $EYES $GBTC $GLUU $GNC $HQY $IBP $INVE $JJC $KMG $KSU $LAKE $LL $MBI $MDC $MEI $MMC $NTES $OAS $ONCE $ONVO $PAY $PCG $PRTA $PTLA $QRVO $SAIC $SDRL $SFUN $SNAP $SPWR $SWKS $T $TELL $TGI $TRIL $TROV $TROX $USCR $WATT $XOMA $XONE
  • gklee01: $PCG Wth?
  • GOOSE: TRADES: $INTC STO 1/12/18 45.0 PUTS @.57 $INTC BTC 1/12/18 42.50 PUTS @ .08 STO Yesterday @.39 Working, until it doesn't. $PCG BTC 1/12/18 43.0 PUTS @.25
  • GOOSE: OPTION EXPIRATION, 12/29/17 $PCG 12/29/17 43.5 PUTS EXPIRED $PCG 12/29/17 46.0 CALLS EXPIRED Wishing all a Happy, Healthy & Prosperous New Year. Keep yourselves safe. With Love, GOOSE.
  • etmagic: thoughts on $PCG?
  • Lou: @etmagic $PCG - My simplistic approach to this is based on an old country saying, "you don't put a healthy body into a sick bed." This is a sick puppy in the current fire ravaged environment in California.
  • GOOSE: TRADES: $PCG STO 1/12/18 43.0 PUTS @.51 Delta .25 Current stock price is 45.12. $PCG STO 1/12/18 47.0 CALLS @.45 Delta .28 This strangle is similar to one that I expect to expire tomorrow, if I don[t buy it back first. ;>)
  • steve71: @etmagic $PCG I now have a 50% position in $PCG, but with a tight stop. Looking for maybe $5 - $10 of upside because the selloff is so extreme. But PG&E may not return to $70 and resume dividends until the legal dust has settled, i.e. a couple of years.
  • champ: @steve71 $PCG ---- There is #negative news on that Fire....thats #Why they cut the dividend. This stock bounced because of that flash drop and has traded over 63m shares since that drop, anymore negative news and you will get, another #flash drop, from those 63m shares, that were bought and that will be the next #entry price, for the next trade, this is not an investment, at this time. Our governor, of California, is going to sue $PCG, make no-mistake about it...is my guess because California has no money at all...none...but they have plenty of attorneys.
  • phgruver: @champ @steve71 $PCG #negative #flash #entry Talk about "The Sword of Damocles" this stock has become a political football. That's why institutions are dumping it. As a value investor, I wouldn't touch this until there is some clarity. They could be forced into bankruptcy by unfavorable court rulings. A similar thing happened to $DUK back in 2015, driving them from $90/share down to $65. The bottom coincided with the Nov. election. That turned out to be a great buying opportunity. Be patient!
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Stock Price $16.85
Change 1.87%
Volume 10,302,500

PG&E Corporation engages in the businesses of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation, and storage.

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