PCG - WEEK CHART
Hi, today we are going to talk about Pacific Gas & Electric and its current landscape.
PG&E is poised to receive increasing attention from the market as relevant events are taking place. Early this year the company has filed for bankruptcy after been buried in processes over claims that a series of deadly wildfires on California was started by its equipment in 2017 and 2018, despite the company has reached settlements to extinguish this fire, and was starting to look ready to thrive again as the bankruptcy could bring some relief. However, now the California Governor Gavin Newsom stands on the path of the PG&E bulls, as the Governor rejected the bankruptcy reorganization proposal of the company. With this context in mind is hard to see the light for PG&E now, but if they manage to move with the bankruptcy process forward, the company might have hope to rebound.
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PG&E is poised to receive increasing attention from the market as relevant events are taking place. Early this year the company has filed for bankruptcy after been buried in processes over claims that a series of deadly wildfires on California was started by its equipment in 2017 and 2018, despite the company has reached settlements to extinguish this fire, and was starting to look ready to thrive again as the bankruptcy could bring some relief. However, now the California Governor Gavin Newsom stands on the path of the PG&E bulls, as the Governor rejected the bankruptcy reorganization proposal of the company. With this context in mind is hard to see the light for PG&E now, but if they manage to move with the bankruptcy process forward, the company might have hope to rebound.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
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