Parkland Corp T.PKI

Alternate Symbol(s): PKIUF

Energy Oil & Gas Refining & Marketing

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include renewable fuel sourcing, manufacturing and blending, carbon and renewables trading, solar power, and ultra-fast electric vehicle charging. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, it has developed supply, distribution and trading capabilities. Its commercial business provides commercial, industrial and residential customers with the essential fuels, propane, lubricants and services they need. Its Burnaby Refinery plays a critical role in supplying its customers in British Columbia with conventional and low-carbon fuels.

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Parkland Corp > Dean and Sarge nailed it

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Comment by DeanEdmontonon Dec 19, 2022 12:19pm

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Post# 35179882

RE:RE:RE:Dean and Sarge nailed it

I posted this 10 days ago, I haven't changed my mind.

DeanEdmonton wrote: DavidEEE - There is no penalty to management if they miss guidance in 2023. They have missed it in 2022 and 2021. I believe RESULTS, not their optimistic guesses. They ptrovided "Guidance" last quarter that they will hit between 1.6 and 1.7 billion for this year. They need to do over 600 million this quarter to hit that. I will believe it when I see it, and I have zero faith it will be there. What we will see is a litany of excuses from Covid, to supply chain, to staffing and pipeline issues to explain the miss, AGAIN. Both Sarge and I have said, neither of us would buy this stock at any price due to the massive debt and lousy leadership. It also doesn't fit in our portfolios. Others may see it different, but at this stage you would be betting on the pronouciations of a leadership team that has been consistently wrong. Given the pop in the stock, I guess there are still a core of true beievers. Everyone has to decide for themselves, I can only provide my perspective.
DavidEEE wrote:
Larrymartin77 wrote:
Have to admit Dean and Sarge were bang on with their analysis on this stock. Warning people since the stock price was at $45 about the balance sheet and the multiple acquisitions and management decisions etc. Always enjoyed your insightful posts, keep up the good work ....
Was thinking about starting a postion around this price but would appreciate Sarge and Deans analisis considering the updated guidance, Thanks in advance