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Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

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.


TSX:PKI - Post by User

Comment by Infirstmoneyon Oct 20, 2022 9:05pm
682 Views
Post# 35037938

RE:RE:Black Swan Event

RE:RE:Black Swan EventI have owned this stock,(in two different accounts), for about 10 years. Originally, I bought in low teens, around 2010, and then, mid-teens, a couple of years later. It didn't really take off until about 2018, when it went from the upper teens, to over 40 bucks. Over the years, it has always paid a nice dividend. I also liked it much better, when it was paid monthly. That said, they have made numerous substantial acquisitions since 2018 and are going through some "digestion" issues. I am confident that these issues are now behind them. They have stated their intention to slow down on deals and focus on bringing their debt down. Their cash flow and profitability will allow them to de-lever rather quickly, and then resume their growth and market consolidation. I believe that the International consildation of SOL, and the closing of the Husky and Crevier deals, will give them the increased cash that they needed. In addition, their stores with M&M included, have also outperformed, so as they keep adding these food options, the profitability per location will improve a lot.
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