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.

TSX:SPB - Post by User

Superior Plus Corp > Frustrated with this stock to say the least

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Comment by Schussing56on Apr 19, 2023 8:17am

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Post# 35402423

RE:RE:RE:RE:RE:Frustrated with this stock to say the least

As far as I can tell, Deltastream shares were 85% owned by ARC Energy. TVE purchased Deltastream using $300 million in shares, $825 million in cash (made up of credit facilities, a loan, and a bond issuance at 7.25%), and a $300 million deferred payment. I can't find any evidence of ARC receiving extra shares from a "secondary" issuance. Are you saying that Brookfield Asset Management or, Marqstrom & Bahls are getting some kind of sweetheart deal in the Certarus acquisition?

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