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

www.marketwatch.com/story/pge-stock-plunges-toward-record-low-after-citi-warns-it-could-be-worthless-2019-10-25?siteid=yhoof2&yptr=yahoo

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

finance.yahoo.com/quote/PCG?p=PCG&.tsrc=fin-srch

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

They are becoming a mirror of Venezuela.

 

Now over 28% down today.

Panic selling

finance.yahoo.com/quote/PCG?p=PCG&.tsrc=fin-srch

 

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.

www.latimes.com/california/story/2019-10-27/pge-expands-power-outages-to-2-million-customers

This is going to lead to a mass exodus from CA

Texas and Florida get ready, cause here they come.

RR