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Last C$0.11 CAD
Change Today -0.01 / -8.33%
Volume 80.0K
As of 4:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

parallel energy trust-unit (PLT-U) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/21/14 - C$4.10
52 Week Low
07/27/15 - C$0.10
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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parallel energy trust-unit (PLT-U) Details

A company description is not available for PLT-U:CN.
54 Employees
Last Reported Date: 03/16/15

parallel energy trust-unit (PLT-U) Top Compensated Officers

Chief Executive Officer of Parallel Energy In...
Total Annual Compensation: C$375.0K
Chief Financial Officer of Parallel Energy In...
Total Annual Compensation: C$223.7K
Chief Operating Officer of Parallel Energy In...
Total Annual Compensation: C$318.7K
Compensation as of Fiscal Year 2014.

parallel energy trust-unit (PLT-U) Key Developments

Parallel Energy Trust Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015

Parallel Energy Trust reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported Revenue, net of royalties of USD 13,606,000 against USD 28,974,000 a year ago. Funds from operations were USD 4,057,000 against USD 11,492,000 a year ago. Net loss was USD 6,182,000 against net income of USD 731,000 a year ago. Capital expenditures excluding acquisitions were USD 2,014,000 against USD 6,325,000 a year ago. For the quarter, the company recorded average daily production of 6,684 boe/day (63% natural gas liquids and condensate) against 6,607 boe/day a year ago, consistent with production results in the first quarter of 2014 as the Trust's operating areas were impacted by severe winter weather during both periods. For the year 2015, the company is reconfirming its full year production guidance of 6,800 boe/day.

Parallel Energy Trust Announces Renewal of Credit Facility

Parallel Energy Trust announced that the revolving period of its credit facility will be renewed until September 30, 2015 at a revised amount $165 million, which is above the expected usage of the credit facility providing the Trust with sufficient liquidity to fund its operations. In addition to the reduction in the credit facility amount, Parallel's interest rate will be increased by 2% per annum and the Trust will be restricted from making cash distributions to unit holders until further notice.

Parallel Energy Trust To Suspend All Monthly Distributions to Unitholders Commencing with the Month of April 2015

Parallel Energy Trust announced the strategic alternatives process and in order to retain cash flow and accelerate debt reduction, the Trust will be suspending all monthly distributions to unitholders commencing with the month of April 2015 and continuing for the foreseeable future.


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