RE: RE: Nice piece on PLT Your blind defensive manoeuver simply points out how invested you are in Parallel. I am sorry for your losses but try to be logical here...
1) The price of oil can drop substantially within a week. The global economy can trigger a meltdown at any second. So $90 is a fair assessment including hedging since this means an oil price between 80 and 100.
2) the new cooling equipment was installed to avoid losing condensate during the summer months...so no change to the scenario...
3) pretty much offset by the destruction of NGL pricing this year...(list their NGL hedges...)
4) the author did give them credit for working on their issues...I don't see your point.
Whether you like the analysis or not, that's a different story...
My bet is a dividend cut will be announced with the Q3 results, the only unknown is how much...