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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Post by Tobuyornoton Jan 30, 2015 11:47am

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Post# 23382057

Ccord Imperial gassed

Imperial Oil* (IMO : TSX : $46.01), Net Change: -0.68, % Change: -1.46%, Volume: 578,524
Parkland Fuel* (PKI : TSX : $21.10), Net Change: 0.13, % Change: 0.62%, Volume: 176,870
PREPARE YOUR BIDS. Imperial Oil, Canada's No. 2 integrated oil producer and refiner, announced that it is considering selling 475 company-owned Esso gas stations. The rest of IMO’s 1700 Esso-branded retail fuel sites in Canada are already owned and operated by third parties. IMO, 69.6% owned by Exxon Mobil (XOM), would continue to supply fuel to the gas stations, and they would keep the Esso logo. IMO noted that this evaluation will include a non-binding bid process, which will begin in the coming weeks. Brad Merkel, Vice President of fuels and lubricants at IMO stated that it was too early to estimate how much capital the sale would raise if IMO chooses to go ahead with its plan. Could Parkland Fuel be one of the potential bidders if IMO decides to go ahead with the divestiture plan? PKI already operates 592 Esso sites in Canada.