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 > Share Price is Dropping because Performance Sucks

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Comment by DeanEdmontonon Sep 28, 2021 3:38pm

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Post# 33931779

RE:RE:RE:Share Price is Dropping because Performance Sucks

Good to hear from you too Sarge. I sold off my PK when it hit $40 this spring. I got in when it was heavily discouinted in 2020, about $28 average, but it just got too far ahead of its fundmentals and it was clear that valuation would not hold longer term.

I too hold no pure renewable plays. They are far ahead of their actual performance and it will be a long time before performance warrants their share prices. There is also a lot of hair on renewables once you get an inside look at them. Did a lot of consulting in the Windmill side, not an industry I would invest in!. The amount of waste created when they age out and the fact the blades etc need to be landfilled after 20 years makes them a poor longterm investment. Same holds true for Solar panels, very little is recyclable.

Like you, midstreams still capture my attention long before the renewables. Last thing we need is to follow Eaurope. We don't have the luxury of not heationg our homes.

SargeX wrote: Hey Dean

What's new these days?

My wife & I sold all our PKI last year for a nice profit (more than a double) after having held from Oct, 2013. It actually was nothing personal against PKI but was totally because it no longer fit into our plans of holding only 5 TSX sectors - banks, utilities, midstream, telcos, and REITs.

More luck than anything on the selling timing but we'll happily take it.

The other one that is really working out well for us is selling all our pure renewables (BEP.UN, NPI) late last year and early this year and spreading it around to our other main holdings especially midstream and banks. I still think pure renewables are a croc and have a ton of "hidden" issues. On the flip side, I still think midstream have lots of room to run.

Take her easy
Sarge

DeanEdmonton wrote: Red Deer - If you don't know who their competitors are why would you actually own the stock.
To the rest, debt has gone from 1.76 Billion in 2016 to 6.8 billion now. Debt to non-current assets is almost 1 to 1 at .94/1, which ios really high leverage. Sales have gone from 6.3 to 14.0 and have been flat for 3 years while expenses keep growing. I don't see this turning around quickly.