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Parallel Energy Trust T.PLT.DB


Primary Symbol: PEYTF



GREY:PEYTF - Post by User

Post by petersterncanon Nov 12, 2012 11:07am
182 Views
Post# 20588580

From what I see...

From what I see...

My only complaint with this news release is the lack of a detailed balance sheet, cash flow and income statement. But fortunately, it can be seen right here:

https://www.parallelenergy.ca/images/parallel%20energy%20-q3%20fs.pdf

Between the higher production and recovering commodity prices, I wouldn't be surprised if operating cash flow is 50% higher in Q4... and that means they'll break even or make money... AND have enough cash flow to maintain the current 8 cent/share dividend.

If the pipeline curtailment was a long term issue with no resolution, then no doubt they would have had to cut the dividend.

But going forward, that doesn't look like the situation.

If the forward-looking production statements are 100% accurate, and if NG and NGL prices at least hold at the current levels (which I anticipate they will), then PLT is dirt cheap and I won't consider selling at anything less than $8.

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