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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 Oct 20, 2023 8:17am
240 Views
Post# 35692587

Superior Plus - In Transition

Superior Plus - In TransitionSuperior has bought back roughly 1.5 million shares since July 12th, under their NCIB. Seems like they will no longer be looking for bolt-ons for their propane business and will be focusing on green hydrogen moving forward. This could be a good strategy in the long term but, in the short term, I think Canada is a laggard in terms of hydrogen infrastructure, at least, compared to Europe so, I think it will be hard for Superior to be successful until there are more hydrogen filling stations.
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