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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.


TSX:SPB - Post by User

Superior Plus Corp > BAM Conversion
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Post by Papertiger73on Jul 22, 2020 1:39pm
267 Views
Post# 31303029

BAM Conversion

BAM ConversionHi,

How much do you thik the BAM conversion will act as a ceiling to the stock price?

Given that the CAD value of the conversion fluctuates with the exchange rate (exchange rate price is $8.67 USD - if I am reading the documentation correctly).

Currently the stock is trading at the conversion price in CAD.

Will the share price continue to increase to drive down the yield? - Currently at 6.13% or will the conversion hold back the price since buyers would know if they run the price up too high then BAM could short the stock then convert Prefferreds to common to cover their position.

BAM tends to be a buy and hold company and not here for a quick flip, but on the other hand, if their profitability is threatened they might start adding new strategies to thier repitoire.

Thanks


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