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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 > Some ideas
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Comment by valuinvestoron Oct 07, 2015 11:48am
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Post# 24171595

RE:RE:RE:RE:RE:Some ideas

RE:RE:RE:RE:RE:Some ideasI'm not sure about that. The high interest rate relfects the risk. If they could obtain financing elsewhere at a better rate they would.  I'm guessing the banks have already written off part of this facilty / taken a reserve against it.  If someone wanted PLT's assets, why not just offer the banks 80-90cents on the dollar for the debt and eventually gain control that way, (should o&g prices not recover of course).
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