RE:RE:RE:to expand its Canadian convenience and retail fuel network I wonder how much of the Western Canada gas is supplied by TWMs PGR refinery which has an agreement to supply husky until 2024. Similar to TWMs PGR deal it is at a reasonable post-close synergy multiple.
Wonder with the recent transactions if there are any properties (purchased with the stations) that could be sold in the future as development land; Couche sold a station in downtown Toronto roughly 1km away from Yonge Street a couple years ago for 73 million which was part of a bulk deal for stations at a book value of several million.
Excluding large conglomerates which are getting far lower rates the debt PKI has been getting is at reasonable rates compared to O&G. It is great that PKI is continuing to make reasonably priced transactions to build value.
I could understand the opposing thoughts against this of debt and dilution but management is saying under 10% of purchase prices have been equity.