Superior Plus Corp T.SPB

Superior Plus - In Transition

[Schussing56]

Superior has bought back roughly 1.5 million shares since July 12th, under their NCIB. Seems like they will no longer be looking for bolt-ons for their propane business and will be focusing on green hydrogen moving forward. This could be a good strategy in the long term but, in the short term, I think Canada is a laggard in terms of hydrogen infrastructure, at least, compared to Europe so, I think it will be hard for Superior to be successful until there are more hydrogen filling stations.

[Shylock40]

You can run an NCIB and continue to bolt-on acquisitions.. especially as green hydrogen grows and brings in the ever increasing profits. As Oil prices continue to rise, more demand will turn to Propane/Green as an alternative... sky is the limit for SPB until it gets taken out by Brookfield (similar to IPL...). Best of Luck to All!

[Schussing56]

I think you're missing the point. The point is, according to TD research, Superior will no longer be looking to expand their propane business (ie. no more bolt-on acquisitions), and will be focusing on renewables in the future. The acquisitions and expansion of their propane and heating fuels business has been their strategy for almost as long as since Luc Desjardins took over so...Personally,

[Shylock40]

Your initial point was that they are focusing on NCIB vs. bolt-on acquisitions and now you mention that according to TD, they are no longer looking to expand their propane business due to focus on green future.. I am not the one missing the point here. Just my opinion. Best of Luck to All!

[Schussing56]

No, you've got it all wrong. My initial point was that they have repurchased and cancelled roughly 1.5 million shares under the NCIB, since July 12th, and, they are abandoning their strategy of buying Mom & Pop propane delivery businesses, in order to focus on Certarus. My suggestion for you is, work on your reading comprehension. 

[pennydredful]

imagine  where  the stock would  if  they  were  not  in there  supporting  with   all   this buying.  Nuclear  and Solar   are  the  way  to go. They may be  pausing  to  fully  integrate Certarus   before  resuming    absorbing more mom and pop .

[Shylock40]

Your suggestion is noted. In the end, you can run an NCIB, add on additional bolt-on acquisitions and focus on green energy, could care less what TD says, all those analysts are a bunch of over-priced fraudsters to benefit their banks bottom line... SPB has a bright future and I am continuing to add on signifcant down days, 2024 should bring solid tailwinds for us shareholders. Best of Luck to

[bttmfischer]

Shylock40 I think you are too charitable in characterizing the analysts.

[Shylock40]

So says my wife... maybe prioritization is warranted but SPB should keep all options on the table and deploy resources which will maximize the cash return on investment! Best of Luck to All!