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Re: PG&E Corporation (PCG) Exits Bankruptcy 

By: Decomposed in 6TH POPE | Recommend this post (1)
Wed, 14 Dec 22 9:05 PM | 39 view(s)
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Msg. 38256 of 60008
(This msg. is a reply to 36139 by Decomposed)

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PG&E continues to advance, now at $16.23/share. Once the company exited bankruptcy, it struck me as an obvious STRONG BUY. It still does, in fact. You can see where it was in 2018, before the California wildfires.

If the state would just have a single wet year, I think the stock will fly.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: PG&E Corporation (PCG) Exits Bankruptcy
By: Decomposed
in 6TH POPE
Thu, 06 Oct 22 4:42 PM
Msg. 36139 of 60008

PG&E (ticker PCG) jumped last week when the company settled on the California wildfires for $117 million. It got off cheap.

PCG is currently $14.73. My purchases were at $9.04 and $9.40 two years ago, so I've had a 58% gain.

Based on other utilities, PCG should be north of $19. I think it'll get there if California ever has another wet winter and a lowered risk of wildfires.


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