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Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

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

Comment by oceanelevenon Dec 13, 2021 10:07am
192 Views
Post# 34224656

RE:Insider Buying

RE:Insider BuyingThe Globe and Mail reports in its Saturday, Dec. 11, edition that the stock price of petroleum products marketer and refiner Parkland has lagged the S&P/TSX Capped Energy Index by almost 100 per cent over the past year. The Globe's guest columnist Ted Dixon writes in the Who Is Buying and Selling column that investors have likely worried that rising crude prices would affect margins. Meanwhile, logistical problems associated with the floods in British Columbia have also weighed on sentiment. However, Mr. Dixon says there are signals suggesting that pessimism toward Parkland's stock may be overdone. For example, trailing 12-months earnings before interest, taxes, depreciation and amortization per share is up. Importantly, insiders, including chief financial officer Marcel Teunissen, have been buying recently, perhaps betting a lot of bad news is priced in. The Globe reported on Nov. 22 that Desjardins Securities analyst David Newman had reiterated his "buy" recommendation for Parkland. The shares could then be had for $34.20.
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