Your propably right.
From what I have noticed (wich isn't academic or mathematicly proven) pet actually takes more dmg when Burnout is on than without.
The dps do go up a notch wich let me to believe the Str and haste part do work, and I am guessing that the added dmg the pet seems to takes might come from the fact that haste goes up - aka more attacks and more chances the mob will riposte.
Pet also seems to tank better if you do not hand it any weapons wich might trigger dual wield. (this migt be bogus as I'm not sure if higher lvl pets have auto DW enabled atm on P99)
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