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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 Bigbear7405on Feb 23, 2022 11:51am
165 Views
Post# 34454040

RE:Nice if this went up so I can stop buying it.

RE:Nice if this went up so I can stop buying it.This drop is par for the course.  I first owned it in 2012 during its big drop.  It has done this drop multiple times over the last tens years you can almost expect it.   Selling off the chemical division was a bad move.  It was a cash cow and was never affected by warm weather.  People need chlorine for water treatment for drinking ever day of the year.  They had a warm Q4 which really affects its bottom line.  There was one year during the last ten where it never froze in the better part of eastern Canada.  No snow at all. The Rideau Canal wasn't able to be skated on for the first time in Ottawa since anyone could remember.    So if Q4 is bad enough you will get a massive correction because this company really only makes money in two quarters. Q4 and Q1. (Particularly Q4)  If it doesn't make its money in those its a loss for the whole year as Q2 is weak and Q3 is consistantly a bad one as there is no heating in the summer.  This is not to mention the world is continuously getting hotter.  The chemical division kept it uniform having solid profits 365 days a year.  Now this company is more succeptable to warm winters than every before, , which show no sign of abating in the decades to come.  It feels like a role of the dice every winter.  As i type it is 17 degrees Celcius in New York..   
Freezerburn wrote: .


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