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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

Post by Schussing56on Jun 23, 2023 8:26am
243 Views
Post# 35510840

Broader Market Factors

Broader Market FactorsThe one thing no one seems to be talking about in regard to the recent slump in SPB's share price is; broader market factors. US production is slumping, the Eurozone is already in a technical recession, and the China economic rebound after Covid lockdowns has been much weaker than expected. Analysts continue to be extremely bearish on China. According to Jing Roy, portfolio asset manager for TD, in Canada, bankruptcies are rising, consumer spending is weakening, and credit card payments and car loan defaults have increased. She expects a prolonged recession in Canada, maybe 6-9 months. One would think that SPB would be a good defensive stock to hold under such conditions but, when you have just bet the farm on a renewable energy co., all bets are off. Some say that Trudeau's Green Hydrogen deal with Olaf Schulz was little more than a photo op and besides, needed infrastructure wouldn't be ready until at least 2025 anyway. Tighten your belts and hang on folks, the roller coaster has started its descent!
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