RE:RE:WTF actually happenedEastbank wrote: What happened was that some Scotia Bank analyst picked this morning to downgrade PKI from $50 to $41, while commenting on the company's near flawless execution of its operation. That combined with the major decline in U.S. markets took the stock off a cliff. Yesterday was a ray of sunshine, prior to the disaster today!
Public markets dont seem to be valuing Parkland. Plenty of private infrastructure funds out there still adding various assets. Pretty funny that markets only seem to factor in negative analyst movements.
Just look at Couchetard after the Carrefour sell off. A short term no longer occuring event took half a year to recover. I suspect people dont like the recent events of Florida purchase and BC pipeline shutdown.