Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based company, which is a distributor and marketer of propane and distillates and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane), and Certarus Ltd. The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States, as well as the Midwest and California to residential and commercial customers. The Canadian Propane segment includes the Canadian retail propane distribution business and the wholesale natural gas liquid marketing businesses. The Wholesale Propane segment is a distributor and marketer of propane gas and other natural gas liquids.

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Superior Plus Corp

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Post by Roxy27on Jan 28, 2020 4:00pm

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Post# 30610575

Chemical sale premium

Does anyone have a sense of the share value premium that was attached to selling the chemical business?
The selloff seems unwarranted as it didn't seem teh market was factoring a sale premium.

TD set a $16 share value but their language implies a Chem sales could provide additional value.

Canaccord has a $14.50 value and at the then December share price of $12.09. the report noted the the Chem business was being valued at under 6.0X EBITDA at that share price vs. market of 7-8X EBITDA.
The point being, the share price didn't seem to factor in the sale of the Chem division so why the big sell off.
With the 6% dividend and growing earnings, I'm a buyer under $12.
Give me a reason to sell or buy?

Good luck

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