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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 newcoinon Apr 27, 2022 9:20am
149 Views
Post# 34635088

RE:RE:SPB - Seems Like A No Brainer

RE:RE:SPB - Seems Like A No BrainerGreat information/perspective. Thanks.
Are you adding at this time or holding?

Schussing56 wrote: Well, SPB used to be significantly debt heavy. There's no doubt that Luc Desjardins has executed a remarkable turnaround, by reducing debt and streamlining the business but, I think there are still a few headwinds. Number 1 is that most of their recent acquisitions have been backed by a $250 million "loan" from Brookfield Asset Management so, I don't think all future revenues will go directly to SPB. Also, there have been some regulatory issues with some recent acquisitions. Finally, competition. Parkland is still much bigger and has a far larger market share than SPB. I'm sure Parkland could put some pressure on SPB if they wanted to.


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