Bullboard - Stock Discussion Forum 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... see more

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Superior Plus Corp > Rail Strike

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Post by Tslayer on Aug 22, 2024 8:36am

Rail Strike

How will rail strike effect SPB? I believe most of their product is shipped by rail.

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Comment by Rocet98 on Aug 22, 2024 8:55am

Great question? I thought they had over 6000 delivery trucks? The bottle neck problem would happen at there loading hubs! But not sure how long there supplies last there? or if any are pipelines?? The news I seen on P.E.I. was a different propane company but supplies are good for 2-3 weeks. But would be a issue after that.

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Comment by InvestSmarter on Aug 22, 2024 10:04am

Superior has the largest delivery network, and can adjust to truck vs rail. The costs are passed on to customers. As it's "slow" season, they also have excess capacity to handle transportation changes.

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Comment by Apaulson on Aug 22, 2024 10:34am

The costs aren't passed on to the customer, at least in the short-term.....not without a surcharge and SPB won't due to that because it's a commodity and they don't want to lose customers to competitors. This will all hit the bottom line. Who are you trying to kid?

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Comment by ol_griz on Aug 22, 2024 10:45am

Also, there are buying groups who set their annual price before fall (I'min one). So, no, not passing on increases to customers with contracts.

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Comment by InvestSmarter on Aug 22, 2024 8:06pm

Will your buying group be stocking up on your propane ASAP after this even though you are not at your refill level yet? More delivery charges is good for Superior.

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Comment by Apaulson on Aug 22, 2024 8:49pm

Why would they? your comment doesn't make sense but good try. new 52 week low today. For some reason the market didn't agree with your analysis. Go figure....haha

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Comment by ol_griz on Aug 23, 2024 10:33am

Re: buyng group. Not sure whether the 24 - 25 price has already been set. I usually do try for a top up before the end of season if the price announced is going to be higher. Haven't heard yet but we've done well relative to the annualized market in recent years.

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Comment by InvestSmarter on Aug 22, 2024 10:52am

Superior would GAIN customers as they will be the only ones with a viable truck transportation network. Force majeure on any delivery contracts that involve rail.

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