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Parallel Energy Trust T.PLT.UN

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.PLT.DB

Parallel Energy Trust is an unincorporated open-ended limited purpose trust. The Trust is in the business of acquiring, developing and producing oil and natural gas reserves in the United States.
Price: $0.03 | Change: $-0.005 | %Change: -14.29%
Volume: 290,737 | Day High/Low: 0.035/0.03 | 52 Week High/Low: 3.69/0.025
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0 stars

One more quarter

If they can maintain production for one more quarter with out drilling , we got it licked.  rate and reply
0 stars

RE:RE:going to 0

ronstren wrote: magnus wrote: The next press release will probably announce bankrupcy and liquidation, seems like some posters are in denial here. Now you know how this Kherson clown got the nickname more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Some ideas

Oil&gas will rebound , that's a given , any dumb moves at this point will be just that , dumb.  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:RE:Some ideas

No action, at least until Sept 2016, at which point their loan comes due in full...then they are screwed...PLT is in no position to play hardball, due to the short-term nature of their debt more
0 stars

RE:RE:RE:RE:RE:RE:Some ideas

Nobody is sure of anything , plt's assets are half at 40.00 oil and 2.50 gas than at 80.00 oil and 5.00 gas , hence the banks worry. But you will see no action , as long as plt is servicing more
0 stars

RE:RE:RE:RE:Some ideas

Have full respect of your opinion Valueinvestor. This company is just the tip of the ice berg and we will maybe see more of this. I have heard that some banks try to ignore similar situations more
0 stars

RE:RE:RE:RE:RE:Some ideas

I'm not sure about that. The high interest rate relfects the risk. If they could obtain financing elsewhere at a better rate they would.  I'm guessing the banks have already written more
0 stars

RE:RE:RE:RE:Some ideas

Sure they want their money back , and they will get it back , as soon as prices get back and or plt find another lender and not before , in the meantime they'll have to settle for the outrages more
0 stars

RE:RE:RE:Some ideas

I beleive the issue is, property in the region PLT has assets is worth (or more percisely the bids being shown are ) considerably less than that, and this was likely discovered as part of more
0 stars

RE:RE:Some ideas

Pennwest to Cardinal asset sale. Price per flowing barrel is also pretty much depending on oil/gas production too.  rate and reply
0 stars

RE:Some ideas

Interesting , how do you come up with $40,000/flowing barrel?  rate and reply
0 stars

Some ideas

If we assume Parallel produce 6,800 boe/day on average this year. Sell 3,800 of that production for $40,000 per flowing barrel. That is $152,000,000 for low decline production and not an more
0 stars

RE:RE:RE:What is the short position on this?

Joe454 wrote: >.005 is the lowest it will go. 0 would be a wind up.  Zero is the lowest it could go.  Doesn't seem likely to me with draw downs about to begin and exports more
0 stars

RE:RE:What is the short position on this?

>.005 is the lowest it will go. 0 would be a wind up.  rate and reply
0 stars

RE:What is the short position on this?

wynner wrote: Anyone know? I don't get Stockwatch any more. I was just wondering what they do when there are no bids or asks. Do they drive the stock up? What if it goes to 0 ? Do they cover? How? more
1 star


The banks previously upped the interest rate to 12% , that is very high by todays standards , Plt is playing hard ball too and they can as long as they're not in default. Plt as buying time more
0 stars


Joe...I would tend to agree with you...but the delay is concerning... Target date for renewal was one week ago...its not like low commodity prices hit suddenly, so bank and Parallel had plenty of more
0 stars


I don't think the banks will do anything stupid.  rate and reply
0 stars


But what happens if Parallel is unable to reach agreement with current lenders, and is also unable to find a new syndicate of lenders?...then they have one year to pay of their entire more
1 star


gvixid wrote: I know its all speculation at this point, but what do you think of the following: 1) Assuming the loan has now been converted to a term loan, as mentioned by posters here, how more