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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy 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. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Comment by ol_grizon Aug 19, 2021 11:54am
131 Views
Post# 33730566

RE:RE:RE:Fluctuates with the Price of Oil

RE:RE:RE:Fluctuates with the Price of OilTD view on nat gas: spillover effect for propane?

Contrary to WTI oil, rising natural-gas prices have led to a sharp increase in the consensus estimate over the past several weeks (Exhibit 7). If prices remain well above the consensus estimate (presently +7.2%), we would expect to see further upward revisions to natural-gas price assumptions. This could also lead to positive cash-flow revisions for natural-gas producers. Strong seasonality is also favouring natural gas over WTI oil (Exhibit 8) along with low inventory levels (Exhibit 9), which are 17% below last year's levels. Past rallies in naturalgas prices have occurred when year-over-year inventories have declined below previous-year levels. Given these improving trends for natural gas and the recent pullback in share price, we are adding to our position in natural-gas producer NuVista to 3.0%. Relative cash-flow momentum also favours NuVista to Canadian comps Advantage Energy Ltd. (AAV-T, Exhibit 11) and Peyto Exploration & Development Corp. (PEY-T, Exhibit 12)

Schussing56 wrote: Ok, the pandemic recovery hasn't gone smashingly so far and, the Fed is talking about cutting back (tapering) on monetary stimulus.  Not sure what you mean by your "Afghanistan" reference?  Why would what is happening in Afghanistan lead to a stock market correction in Canada?  Then, you say, "get out of the market," but "stocks & commodities are the only place to be."  These comments seem to be contradictory.  I think people will still need to heat their homes so, Superior could be a fairly safe stock to be in, even during a down turn, however, never underestimate market irrationality.  Even great stocks whose products are needed, can sometimes be beaten down during a pullback.


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