PCG down again?
This is hard to say if this is the case or not but PCG is looking mighty tasty for another price implosion.
They have pushed their earnings not once, not twice, not three times but five times. They were supposed to happen on the 8th, it was rumored that they were going to happen on the 12th 15th 22nd and now the 28th. The longer they push them out the less likely they are painting a pretty picture...
Now we have Gavin Newsome stepping in to create his version of trumps plunge protection team; but he calls it a strike team to save PCG and to keep other utilities in the state from being held liable. Sounds like a bailout to me. It will be interesting to see what happens next.
They have pushed their earnings not once, not twice, not three times but five times. They were supposed to happen on the 8th, it was rumored that they were going to happen on the 12th 15th 22nd and now the 28th. The longer they push them out the less likely they are painting a pretty picture...
Now we have Gavin Newsome stepping in to create his version of trumps plunge protection team; but he calls it a strike team to save PCG and to keep other utilities in the state from being held liable. Sounds like a bailout to me. It will be interesting to see what happens next.
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