Parkland Corp T.PKI

WTF actually happened

[mbuch]

from yesterday to today? I know the markets are weak today, but something is going on with this POS.

I was almost green yesterday and am kicking myself big time for not selling. I should have known. SMH

[Eastbank]

What happened was that some Scotia Bank analyst picked this morning to downgrade PKI from $50 to $41, while commenting on the company's near flawless execution of its operation. That combined with the major decline in U.S. markets took the stock off a cliff.  Yesterday was a ray of sunshine, prior to the disaster today!

[Defiance2050]

Public markets dont seem to be valuing Parkland. Plenty of private infrastructure funds out there still adding various assets. Pretty funny that markets only seem to factor in negative analyst movements.  Just look at Couchetard after the Carrefour sell off.  A short term no longer occuring event took half a year to recover. I suspect people dont like the recent events of Florida

[DeanEdmonton]

What happened is some analysts finally woke up, looked at this company in detail and figured out it is basically a refining operation, retiail is a truly insignificant part of its business. Feed stock prices increase, no hedging, margins shrink. Not a real hard concept.