Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

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.

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Superior Plus Corp > Q3 Results

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Comment by bttmfischeron Nov 24, 2022 10:07am

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Post# 35124905

RE:RE:RE:RE:RE:RE:RE:Q3 Results

argon12, actually Brookfield, through BAM by holding Series1 Preferred shares of SPB already holds 15 percent of Superior Plus' pro forma, fully diluted shares.
These Series1 Exchangable Covertible shares can be converted to SPB common stocks at $11.63.
At this time, Brokkfield is unlikely to do the conversion though.
It is interesting to note that BAM and M&B each hold roughly the same percentage of SPB (as far as we know, since M&B being a private company are tight lipped) about it at this time.
What their future intentions are, hard to say.

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Rig Count Soars as Utilization Surpasses Industry Averages