Parkland Corp T.PKI

Great posts from DeanEdmonton and Sarge

[Jtpatrol1]

Thanks for your inputs guys, I took profits at $43.00 and move on but on further weakness might dip my toe in again.  Cheers

[DeanEdmonton]

Thanks for the compliment. I too watch this with the idea of maybe buying back in but given how fast oil prices are increasing, the fact Parkland has not laid on any hedges, increasing road and carbon tax and the demand for diesel, nav fuel and gas still being pretty flat it would have to get back under 32 before I was interested. All the best.

[GassXX]

agreed

[GassXX]

[GassXX]

Nice !!

[GassXX]

[Jtpatrol1]

  Thanks GassXX  

[Jtpatrol1]

[Jtpatrol1]

[DeanEdmonton]

Thanks giuys, appreciate the compliments.

[SargeX]

Hey Dean Looks like we were totally correct on our assessment of PKI. As mentioned, I sold the last of our PKI in Sept, 2020 and we made a $57k profit after holding for 7 years. We didn't quite average a sell price of $43 but did average a respectable ~$39.     Unlike JT, we will never buy PKI again as it doesn't fit our current sector allocation plan. Take her easy  

[Red_Deer]

Hey SARGE__Care to provide Some CLARITY with regard to Being ""TOTALLY CORRECT"" CORRECT about WHAT ??__That Parkland IS GOING to go into BankRuptcy as per Dean Edmonton Post ?__SURELY You are NOT THAT Negative eh !! Or CORRECT that Parkland HAS DROPPED ~~30% in the Past 12 Months now ??__Which would be IGNORING that the Past 2 days pretty much EVERY Utility, Bank, Pipeline

[SargeX]

At some point along the way, I realized that PKI was making way too many acquisitions for my liking and packing way too much debt. Then to top it off, it no longer fit our 5 sector approach - banks, utils, midstream, telcos, and REITs. That movtivated me to sell all our shares. AQN used to be a really fantastic compnay when Robertson was the CEO, The new guy has done a terrible job but AQN still

[Red_Deer]

Hey SARGE__UNDERSTOOD So JUST to BE CLEAR__You do NOT BELIEVE that Parkland is going to GO BANKRUPT as DeanEdmonton HAS Posted eh ????????

[SargeX]

No, I don't think it is going to go bankrupt BUT as I mentioned, I'd never buy it again no matter how low it gets. I'd rather just buy more of what we own already. Also, just to be clear, I have absolutely no plans to sell/trim any of the 16 stocks that my wife & I currently own. We'll just keeping adding to them with the extra dividend income we receive. Ciao   Sarge

[DeanEdmonton]

Sarge Good to hear from you. I know you don't think PK will go bankrupt, but given the huge debt they are packing and their very poor performance the last 3 years, they need to really improve performance or they are going to have a hard time making the interest and payments. Even if they stay a float, like you there is not a low enough price to convince me to buy back into this stock unless I

[Red_Deer]

So DeanEdmonton__Since You HAVE NOT RETRACTED Your Earlier POST Stating that YOU BELIEVE Parkland WILL GO BANKRUPT__This MEANS That YOU STILL DO SO BELIEVE eh!!!! SARGE__Being a MUCH MORE ASTUTE Investor OF COURSE Would NEVER MAKE Such Ridiculous STATEMENTS about Parkland__EVEN THOUGH Sarge has NO INTEREST in EVER Buying BACK Any Shares__As YOU HAVE ALSO Stated. AMUSING that YOU Stated That YOU

[Nakate]

 so many braggarts and shorts, ya got it right for once, lucky yous, don't be blinded by your arrogance!

[Jtpatrol1]

  Dean makes some excellent points

[GreyMoose]

[Karren411]

Thanks for your posts, you saved me a ton of money

[Jtpatrol1]

[Scarlada1]

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