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Parallel Energy Trust T.PLT.DB


Primary Symbol: PEYTF

Energy Oil & Gas E&P


GREY:PEYTF - Post by User

Parallel Energy Trust > News: dropping distribution from 2.5 cents to 1.0 cents
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Comment by CaptainA999on Jan 15, 2015 8:53am
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Post# 23322124

RE:News: dropping distribution from 2.5 cents to 1.0 cents

RE:News: dropping distribution from 2.5 cents to 1.0 cents
Great move my the board to reduce the distribution and CAPEX!!! Love how we're not going to be drilling! Cause really - why should we be drilling when the price for the commodity is so dayum low?!?! Cuts to compensation is good to see as well! Even if commodity prices improve to say $70 WTI, we will see a significant reduction in the bank debt which will benefit the stock price significantly! Another benefit to PLT is the fact that they can stop drilling, and yet annual production guidance ain't that much lower. Good move by the company, was just a little slow with the change, but excellent news!!
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