The Globe and Mail reports in its Saturday, Dec. 20, edition that drastic measures will be required to fix Parallel Energy Trust's (85 cents) balance sheet, says TD Securities analyst Aaron Bilkoski. The Globe's Darcy Keith, Jody White and Tim Shufelt write in the Eye On Equities column that Mr. Bilkoski says slumping oil prices, along with significantly reduced cash flow, are exacerbating Parallel's pre-existing balance sheet problems. "The recent downturn in commodity price [oil] has negatively affected our cash flow outlook and hindered the debt-reduction momentum we saw earlier in the year. ... Although Parallel had proactively cut the dividend mid-November, we believe that additional cuts are probable." He cut Parallel to "reduce" from "hold" and slashed his target to 75 cents from $3.25. Mr. Bilkoski downgraded Parallel to "hold" from "buy" in the Eye column on Nov. 13, 2013. In the item Mr. Bilkoski cut his price target to $4.25 from $4.75. Parallel Energy Trust units could then be had for $3.77. RBC analyst Shailender Randhawa cut his price target on Parallel to $2.50 from $4, while maintaining a "sector perform" rating in the Eye column on Nov. 29, 2014. The units were then worth $1.70.