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Parallel Energy Trust T.PLT.DB


Primary Symbol: PEYTF



GREY:PEYTF - Post by User

Comment by bjbearon Dec 11, 2013 10:24am
210 Views
Post# 21994023

RE:RE:SOME POSITIVES FOR PARALLEL ENERGY TRUST

RE:RE:SOME POSITIVES FOR PARALLEL ENERGY TRUSTThe website I use for propane and nat gas prices and charts is:
https://www.indexmundi.com/commodities/?commodity=propane&months=12 This website also shows pricing for most energy commodities and has great historical charts.

As for butane, pentane and condensate pricing they are very hard to find. I believe I found them a while back in the paper version of either Barrons or The Wall Street Journal in the commodities summary. There are energy websites that supply this info but they require an expensive subscription.

Below is the PLT.UN website latest presentation that shows that the energy split is 34% nat. gas, 24% condensate and 42% NGL'S (i.e. propane,ethane butane,etc.) while the revenue is only 19% for nat, gas the rest being for the much more valuable condensate and NGL'S! That is why I am more interested in where propane and NGL pricing is going as this is where the money is.

Also this presentation shows the netbacks moving up nicely in the last few years. This company has the lowest decline rate when compared to the other players in the field - only 8 -10% which is very low - means you don't have to drill like crazy to keep your production up. Also means that they don't have to spend a high percentage of their cash flow to maintain their production unlike many of their competitors. Check out their presentation here. It is quite informative.

https://redir.parallelenergy.ca/images/Presentations/corporate%20presentation%20-%20parallel%20-%20nov_2013.pdf

Anyway in summary as long as there are no production problems the company should do ok. The fact that there are several insider buys recently is encouraging.

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