Parallel Energy Trust T.PLT.DB

RE:RE:RE:RE:Some ideas

[RTWODTWO]

Have full respect of your opinion Valueinvestor.

This company is just the tip of the ice berg and we will maybe see more of this. I have heard that some banks try to ignore similar situations to other oil and gas cos. They hope for a fast rebound. In my opinion it would be best to let some companies default. The problem is that there are no buyers even now when it's buyers market.

Problem for Parallel is that they produce gas. 34% natgas, 25% condensate and 41% NGL. The only valubable production right now is the 25% condensate. Natgas is so out of love right now.

I agree that there might not be anything left after an asset sale. Vultures are circling for sure, but it's cheaper to buy an oil/gas asset from a bank than from a producer.

With a little more insight I see this company as a lottery ticket or/and an option on natgas.