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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: $0.24 | Change: $0.00 | %Change: 0.00%
Volume: 25,241 | Day High/Low: 0.25/0.24 | 52 Week High/Low: 4.64/0.21
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4 stars

RE:No more distributions...

Kherson, stay far from companies like HK, GDP, INA.V, CLL.T etc. You saw what happened with PRY.V, right?  rate and reply
0 stars

RE:RE:No more distributions...

I think this was expected. Stay far from indebted companies.  rate and reply
5 stars

RE:No more distributions...

I don't think a 2% jump was unwarranted, based on the risk. In fact I think it's bullish that they renewed the facility to the level they did. There must be some confidence the assets are worth that...read more
0 stars

RE:RE:RE:RE:best chance of recovery?

I agree, PLT looks better based on those metrics but it's important to note (and I believe the reason for the current spread between the unit prices) the make-up of the debt. I don't have the exact...read more
0 stars

RE:Anyone who thinks...

I disagree, if you bought them par, yes you lost on YLO debs, but id you bought them heavily discounted, before the restructure, and held the equity & warrants you received for 6 months, you did quite...read more
0 stars

Anyone who thinks...

debentures are safe, ask anyone who owned Yellow Media debentures how they made out when the company restructured and they took a beating! Cheers!  rate and reply
1.5 stars

No more distributions...

Now that we know that PLT.UN will no longer be paying a distribution and the interest rate has been raised, I am wondering if a Default or an Event of Default has occurred? What I find a tad murkey...read more
0 stars

Debentures

Hi, Any opinons on the PLT.DB. I am just wondering about the yield and maturity. To me it look quite attractive in comparison to the equity.  rate and reply
0 stars

RE:RE:RE:best chance of recovery?

On the surface it seems to be the worst of the three , 5000 boe/d for 2015 verses 6800 for plt , market cap 23m to plt 14m , 257 total debt verses plt 220 , they don't give the decline rate so you can...read more
0 stars

RE:RE:best chance of recovery?

Thank you for the analysis Joe. I agree that PLT is in better shape than SGL...any thoughts on AET.UN? gvixid  rate and reply
5 stars

RE:best chance of recovery?

In the future , stay away from a high debt to asset ratio , that's my lesson. Like you I was sucked in as well , all I can say is compare the market cap , boe/d , debt , decline rate , capX. I like...read more
0 stars

best chance of recovery?

Like many of you I got sucked into these OG trusts by the high yields, which are now gone. I am heavily under water in AET.UN, PLT.UN, and SGL I need to average down to try to recover my capital, and...read more
1 star

RE:RE:Stockhouse article...

gofx wrote: More reasons? Unless you know something that Mr. Market doesn't I'd look to the 0.25 stock price and try to figure out what the market is telling you. Gofx, you do raise a valid point. I...read more
0 stars

RE:RE:Stockhouse article...

It's telling you it's worth .25 , duh  rate and reply
0 stars

RE:Stockhouse article...

More reasons? Unless you know something that Mr. Market doesn't I'd look to the 0.25 stock price and try to figure out what the market is telling you.  rate and reply
1.5 stars

Stockhouse article...

I see that SH has just posted an article on N.G. demand from Mexico. More reasons to hold Parallel... Kherson  rate and reply
1.5 stars

RE:RE:Food for thought...

HarryHairy wrote: Kherson wrote: Before folks panic and sell their position in Parallel at these prices, take a good look at the future of both the Ethane market and the NGL markets in general...read more
5 stars

RE:Food for thought...

Kherson wrote: Before folks panic and sell their position in Parallel at these prices, take a good look at the future of both the Ethane market and the NGL markets in general. Presently there is too...read more
0 stars

RE:RE:RE:RE:RE:Todays Trading...

johnlives1 wrote: iawyll1 wrote: Kherson wrote: If anyone wants to short my holdings, go right ahead. I bought more stock in PLT.UN today because I feel that they are undervalued, no more and no less,...read more
1.5 stars

Food for thought...

Before folks panic and sell their position in Parallel at these prices, take a good look at the future of both the Ethane market and the NGL markets in general. Presently there is too much ethane...read more