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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

Comment by oilisswellon Nov 28, 2024 1:14am
72 Views
Post# 36335011

RE:Range bound

RE:Range boundThe SP does seem range bound, but only temporarily. The weather is getting colder and the demand for their products is increasing. After all it is the colder months that SPB makes the bulk of their sales.

It's not as if you can just replace them. They supply products that will be used for a long time to come. Electricity, be it hydro, solar, wind, or nuclear, will never replace hydrocarbons (natural gas) anytime soon. With demand for electricity ever increasing, without any real meaningful change in production, we will not be able to meet the demand. The automotive industry is already rolling back EV production, why?

I think SPB will be fine as long as they execute their plan. Cutting the dividend by 3/4 was drastic, but if they actually bye back shares, increase revenue and grow the business, then the SP will recover.
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