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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.


TSX:PKI - Post by User

Parkland Corp
Bullboard Posts
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(18)
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Comment by Canoutchieon Mar 03, 2017 3:27pm
266 Views
Post# 25929221

RE:Poor Earnings and stock rises?

RE:Poor Earnings and stock rises?
divvy2 wrote:
Can someone explain to me why the stock didn't plummet on such poor earnings. 

Thanks
divvy2

4th quarter PKI earned $.03/share.  Streets expectation was for $.02/share.

Earnings beat street expectation, and same store organic growth of close to 4% in what was supposed to be a tough market with the oil market downturn in their home base of Alberta.  

All said, not surprising to see the stock up a bit on this earnings release.

I'm happy with results, and holding for now... it pays a decent dividend, and there should be some additional margin expansion thru cost savings as PKI integrates its latest acquisitions.  Also, improving margins (thru scale) from expansion into Ontario and Quebec.  To top it off, any improvements in the Alberta/Western economy should be added gravy to top line growth.

I may add a bit, but need to look more closely at financials over the weekend. 

Cheers and GLTA

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