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Opinion for Parkland Fuel Corp (PKI-T)

Signal Price Bias Subject Owned

Gas station and convenience stores operator. Its primary base has been in Western Canada, but are on the verge of a transformational deal. Alimentation Couche-Tard (ATD.B-T) is making a $4.5 billion acquisition of CST Brands (CST-N), and in order to allay the fears of the competition Bureau, Parkland is going to be buying a few hundred of the CST Brands Canadian stores. It looks like it is going to be about 13% accretive to earnings. His preferred way of playing convenience stores remains Alimentation Couche-Tard as it is larger and more geographically diverse with a better and more established management team. If you own this, he would Sell above $30. In the mid-$20, it looks more compelling. (See Top Picks)

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council

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