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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 Schussing56on Mar 29, 2022 8:35am
131 Views
Post# 34554698

RE:RE:RE:Brookfield increases position.

RE:RE:RE:Brookfield increases position.Well, yeah, it could be a really good investment. Superior used to have 3 divisions (propane, specialty chemicals, and a construction segment), and they were seriously debt heavy. Luc Desjardins took over and he has reduced debt significantly and he sold off the construction business and is focusing the company on the propane and specialty chemicals. I think they want to become kind of like a second Parkland. I'm not sure how the specialty chemicals business is doing recently. I think one of the chemicals is/was used in the pulping process for papermaking but I don't think it is as widely used now. Of course, Brookfield Asset Management (BAM) is funding a lot of these new acquisitions so, I'm sure they have a sweet deal as far as sharing in the profits.
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