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 > Q3 Results

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Comment by bttmfischeron Nov 24, 2022 10:07am

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Post# 35124905

RE:RE:RE:RE:RE:RE:RE:Q3 Results

argon12, actually Brookfield, through BAM by holding Series1 Preferred shares of SPB already holds 15 percent of Superior Plus' pro forma, fully diluted shares.
These Series1 Exchangable Covertible shares can be converted to SPB common stocks at $11.63.
At this time, Brokkfield is unlikely to do the conversion though.
It is interesting to note that BAM and M&B each hold roughly the same percentage of SPB (as far as we know, since M&B being a private company are tight lipped) about it at this time.
What their future intentions are, hard to say.

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