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 > GEN III OIL - A PRIMARY BUY OUT TARGET

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Comment by Red_Deeron Mar 29, 2021 2:31pm

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Post# 32899570

RE:GEN III OIL - A PRIMARY BUY OUT TARGET

NEWS today that GIII GenOil IS going places !!!!

LeoBelgicus wrote: For those not up to spead on the GIII story and the involvement of Parkland :
- GIII is leasing the Bowden plant in Alberta from Parkland
- GIII will be constructing a 2800 BPD plant re-refining plant converting used motor oil into saleable group II+ and group III base oils
- Elbow River, a Parkland subs, has an offtake agreement for 100% of production from the Bowden plant
- GIII getting increased visibility in the market with ongoing discussions with 2 international super majors, with already 1 LOI signed and nearing the signature of a definitive agreement
- Increasing strong investment appetite for ESG, clean energy type investments
- discussions on financing expected to close very soon, confirmed support from EDC and strong interest from First Nations Groups
- on 12 months operations, Bowden expected to generate 85 M in EBITDA and 65 M in FCF

Under the motto " Build it and they will come " , buyout interest is already increasing, multiple CA's have been signed and the plant is not built yet.

Keep an eye on this one.

Leo