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 > GEN III OIL - A PRIMARY BUY OUT TARGET

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Comment by Red_Deeron Mar 29, 2021 2:31pm

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Post# 32899570

RE:GEN III OIL - A PRIMARY BUY OUT TARGET

NEWS today that GIII GenOil IS going places !!!!

LeoBelgicus wrote: For those not up to spead on the GIII story and the involvement of Parkland :
- GIII is leasing the Bowden plant in Alberta from Parkland
- GIII will be constructing a 2800 BPD plant re-refining plant converting used motor oil into saleable group II+ and group III base oils
- Elbow River, a Parkland subs, has an offtake agreement for 100% of production from the Bowden plant
- GIII getting increased visibility in the market with ongoing discussions with 2 international super majors, with already 1 LOI signed and nearing the signature of a definitive agreement
- Increasing strong investment appetite for ESG, clean energy type investments
- discussions on financing expected to close very soon, confirmed support from EDC and strong interest from First Nations Groups
- on 12 months operations, Bowden expected to generate 85 M in EBITDA and 65 M in FCF

Under the motto " Build it and they will come " , buyout interest is already increasing, multiple CA's have been signed and the plant is not built yet.

Keep an eye on this one.

Leo