Parallel Energy Trust 2013 Outlook

Parallel Energy Trust 2013 Outlook

In 2012, Parallel hit investors with one big headache after another. A host of challenges faced during the year took a heavy toll on the share price which fell below $4 down from a $9 yearly high. Now that the long anticipated dividend cut is in, where does Parallel go from here? Let’s take a look at the numbers.

Between its operational challenges and the collapse of liquids pricing in its area of operations, the company ended up cutting its distribution by 38% to $0.05 per share from $0.08. Parallel Energy is finally on the road to recovery but it’s going to be long road in my opinion.

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