Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Energy Oil & Gas Refining & Marketing

Parkland Corporation is an international fuel distributor and retailer. The Company’s segments include Canada, International, USA, and Refining. Canada segment owns, supplies, and supports a network of retail gas stations, frozen food retail locations, convenience stores, card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services. International segment includes operations in over 23 countries and territories predominantly located in the Caribbean and northern coast of South America. This segment operates and services a network of retail service stations under brands, including Sol, Esso, Mobil, Shell and Texaco. USA segment delivers fuel, lubricants, and other related products and services. Refining segment is responsible for the refining of fuel products, such as gasoline, diesel, and jet fuel, and is also engaged in renewable business activities, such as co-processing of bio-feedstocks and blending of low-carbon intensity fuels with gasoline and diesel.

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Parkland Corp

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Post by Tobuyornoton Jan 30, 2015 11:47am

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Post# 23382057

Ccord Imperial gassed

Imperial Oil* (IMO : TSX : $46.01), Net Change: -0.68, % Change: -1.46%, Volume: 578,524
Parkland Fuel* (PKI : TSX : $21.10), Net Change: 0.13, % Change: 0.62%, Volume: 176,870
PREPARE YOUR BIDS. Imperial Oil, Canada's No. 2 integrated oil producer and refiner, announced that it is considering selling 475 company-owned Esso gas stations. The rest of IMO’s 1700 Esso-branded retail fuel sites in Canada are already owned and operated by third parties. IMO, 69.6% owned by Exxon Mobil (XOM), would continue to supply fuel to the gas stations, and they would keep the Esso logo. IMO noted that this evaluation will include a non-binding bid process, which will begin in the coming weeks. Brad Merkel, Vice President of fuels and lubricants at IMO stated that it was too early to estimate how much capital the sale would raise if IMO chooses to go ahead with its plan. Could Parkland Fuel be one of the potential bidders if IMO decides to go ahead with the divestiture plan? PKI already operates 592 Esso sites in Canada.