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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 > Thoughts on Parallel's Jan 2015 presentation...
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Comment by petersterncanon Feb 03, 2015 7:09pm
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Post# 23393438

RE:Thoughts on Parallel's Jan 2015 presentation...

RE:Thoughts on Parallel's Jan 2015 presentation...
bill_29 wrote: Sure - the low decline rate and high reserve ratios are interesting reading, and it's great to see that management has 25 years of experience, but the real question on everyone's minds is how is management addressing this situation today? 

This is the message we're looking for folks, but darn if we're seeing it here.

Bill


It's pretty obvious Bill... they chopped the payout per share to 1 cent and stopped all drilling.   Those are the two biggies.  They also give themselves a pay cut and did some other relatively minor other cost cutting... minor compared to the money saved by chopping the distribution and putting all drilling on hold.
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