Superior Plus Corp T.SPB

How do high propane prices affect SPB?

[agoldbloom]

I would've thought that high prices would help, but maybe I'm wrong.  Does SPB produce anything or are they simply a distributor?

[Freezerburn]

Distribution and chemicals as outlined in description above. Prices are up 300% which should curtail some consumption. I don't think this whole energy crisis BS will last.

[Freezerburn]

Nat gas is now down 20% from it's high. Most price pressure was from exports and stockpiling in Asia which has abated.

[Niceneasydoesit]

Can you explain that? I see hi nat gas prices which I think is a cost input to Superior and propane prices seem to be stable. No?

[ol_griz]

Propane Jacks Over 300% Canadian propane prices surge 300% — and could climb higher as U.S. markets brace for 'Armageddon' Publishing date: Oct 21,    Propane inventories in the U.S. sat 21 per cent below the five-year average for storage in the middle of September, which Scotiabank noted was “concerning heading into winter.” To compound the problem, the bank noted

[itsalie]

I guess the real quesiton is why has this stock not followed the gas rally.. pays a great divvy.. 

[Baystboy07]

They do not produce....just distribute...assuming there is margin pressure...we will find out ina few days. GLTA

[Scarlada1]

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[Baystboy07]

Investor presentation says they have a cost plus pricing model...if that is cost plus a flat percentage then the increased propane price may actually be beneficial...we shall see..GLTA

[Scarlada1]

This post has been removed in accordance with Community Policy