Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Energy Oil & Gas Refining & Marketing

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include renewable fuel sourcing, manufacturing and blending, carbon and renewables trading, solar power, and ultra-fast electric vehicle charging. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, it has developed supply, distribution and trading capabilities. Its commercial business provides commercial, industrial and residential customers with the essential fuels, propane, lubricants and services they need. Its Burnaby Refinery plays a critical role in supplying its customers in British Columbia with conventional and low-carbon fuels.

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Parkland Corp

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Comment by bigbear4511on Jun 18, 2013 1:55pm

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Post# 21538240

RE: RE: Drop has nothing to do with dividend

Cimeco. I don't think they would have to much trouble building a refinery in Alberta and shipping the gas via rail cars. In many ways Parkland benefits from landlocked oil as they get a discount.

Here is my theory on why a small refinery would be a good investment

Remember before the great crash the price for gas in Victoria, BC (where I live) was $1.50 a liter. At that point it was $150 for a barrel of oil.

Now the price per litre is $1.35 in Victoria and yet a barrel of oil is what $95?!?! So the price per liter drops 10% when the price per barrel drops 37%. So who is making all this extra money. That is why they call this the golden age of refining.

Here Co-op gas stations which are supplied by Parkland are stripping market share from everybody else. Massive line ups to get gas all the time. Big reason why I desided to invest in Parkland.

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