GREY:PEYTF - Post by User
Post by
Markowitzon Dec 01, 2014 11:14pm
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Post# 23184174
Management team shake-up?
Management team shake-up? Looking across the sector, it appears no TSX-listed energy company has been so utterly devasted as PLT-UN.TO on the news of lower energy prices. The Globe and Mail sums it up well:
"Parallel Energy Trust closed sharply lower Friday, dropping $0.29 or 17.06% to $1.41. Over the last five days, shares have lost 44.05% and are down 64.84% for the last year to date. This security has underperformed the S&P TSX by 71.58% during the last year."
The last time we saw this degree of lost of confidence in PLT, the players got shuffled but no real change in Management.
What can we expect this time around?