Parallel Energy Trust (the Trust) is an unincorporated open-ended limited purpose trust. The Trust's objective is to create stable, consistent returns for investors through the acquisition and development of conventional oil and natural gas reserves and production with unexploited low risk potential, located in certain regions of the United States. The Trust is created to provide investors with a publicly traded, oil and natural gas focused and distribution producing investment. The Trust intends to indirectly acquire and hold, through Parallel Energy Commercial Trust (the CT), Parallel Energy Acquisitions LP (the Partnership), a limited partnership created by the CT for the purpose of acquiring assets. On April 12, 2012, it acquired the remaining 41% interest in the West Panhandle Field.
|Headquarters||4100, 350-7th Avenue SW|
CALGARY, AB, Canada T2P 3N9
|Executive Chairman of the Board of Parallel Energy Inc.||Henry Sykes|
|President, Chief Executive Officer, Director||Richard Alexander|
|Chief Financial Officer of Parallel Energy Inc.||Richard Miller|
|Vice President - Operations of Parallel Energy Inc||Donald Van Tetering|
|Vice President - Legal, Corporate Secretary of Parallel Energy Inc.||Nancy Dilts|
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|Shares Out.||52.8M||Book Value||$5.35|
|Annual Dividend Rate||$0.60||Price/Sales (TTM)||2.6|
|Ex-Div Date||5/29/13||P/Cash Flow (TTM)||--|
|Pay Date||6/21/13||Operating Margin||-92.59%|
*GAAP = prior to non-GAAP analyst adjusted earnings.