RE:anybody call parallel.....
I emailed Curtis yesterday and this is what he sent back.
This is what I was asking him.
Hi Curtis..
Yield back up to over 30%...that didn’t take long.
Guess we have another dividend cut to look forward to?
Market is pricing in the worse for PLT, are we going to survive?
His answer,
As always, thanks for sharing your comments and thoughts. While the yield has moved up again, it is important to remember that the yield and unit price do not have a direct impact on our ability to manage a sustainable distribution. It is much more accurate to measure our sustainability based on Parallel’s total payout ratio, which is calculated as [(CAPEX + Distributions) / Funds Flow from Operations]. If we can successfully manage a total payout ratio of less than 100% then it is an indication that we are living within our cash flow and can manage a sustainable business model.
Let me know if you have any other questions or thoughts – thanks,
Curtis
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Curtis Pelletier
Manager, Investor Relations
P: (403) 781-7888 | F: (403) 781-7895 | Website:
www.parallelenergy.ca