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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 philip469on Jul 14, 2024 3:40pm
186 Views
Post# 36132228

Fund managers

Fund managersWhen looking at the share price we have to think about fund managers . They are compensated on fund performance , some do work on salary but they still want the fund to perform well . Even though these funds have mandates they have lots of pressure to be concentrated in tech cause that's where the gains are. Interest rate pressure as well . You were getting almost 5% in a money market fund where SPB a couple months ago was giving you a 6.5%-7% divy . Wouldn't make sense to take the risk. With rates coming down we might see people chasing yield to supplement the cash position  fund managers are looking to deploy . At the same time there is an extremely bearish view on the Canadian economy especially when 60% of mortgages renew mid to end of 2025. We are top 3 in household debt to GDP and likely people over extended themselves buying new home 2020-21. Our dollar is gonna take the brunt of it as we cut rates and the US has less urgency than we do. Take it all with a grain of salt , I'm just some guy on a Canadian equity platform and we could engineer a soft landing but I'm not beting on it .States could pull it off though 
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