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.

TSX:PKI - Post by User

Parkland Corp

<< Previous

Bullboard Posts

Next >>

Post by retiredcfon Dec 08, 2023 6:43am

240 Views

Post# 35774420

Panic-Proof Portfolio

TOP PICK

Parkland Fuel Corp(PKI-T)

07/12/2023

Stockchase Research Editor: Michael O'Reilly

PKI has acquired attractive financing from the Canadian Infrastructure Bank to expand its EV charging network in western Canada. It trades at 17x earnings, 2.4x book and supports a 15% ROE and we like that cash reserves are growing with good cash flow from operations. Its dividend is supported by a payout ratio under 55% of cash flow. We recommend a stop-loss at $38, looking to achieve $52 -- upside potential of 16%. Yield 3.0%

(Analysts’ price target is $51.77)

Merchandising / Lodging

$44.425

<< Previous

Bullboard Posts

Next >>

Apolo IV Acquisition and Marviken Ontario sign merger agreement