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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 > The distribution is in jeopardy
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Comment by Khersonon Mar 09, 2015 4:43pm
146 Views
Post# 23503686

RE:RE:RE:RE:The distribution is in jeopardy

RE:RE:RE:RE:The distribution is in jeopardy
CaptainA999 wrote:
We have to remember that at the current distribution and current exchange rate, this year the company will only need to fork out approximately $5.9M CDN for the distribution (assuming exchange rate remains the same)...plus PLT has eliminated the DRIP for the time being, so no share dilution for now...

Now, with management taking a 20% paycut and eliminating the executive chairman role, this is another $350K in savings. If they cut back on other admin costs and since there is no drilling and they are simply running on the wells they currently have, the Trust should be safe at current commodity pricing. Yes the payout ratio will still be high, but we should have no problem being under 80% for the year in my opinion after running the numbers.



I think Parallel should eliminate the distribution and apply those funds now to drilling. A lot more drilling can be had for $6 million today than a year ago...
Kherson


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