Barry Schwartz Parkland Fuel Corp PKI-T HOLD Oct 24, 2024

Likes energy, and this is showing signs of improvement. Moved above 50-day MA for the first time since start of the year. Likes the setup, and seems to be turning around technically. If he's correct about our place in the cycle, this name should work at least till the end of the year and likely into the start of next. Yield is 3.91%.

It is an OK company with cash flow but has not received respect. It has tried to improve its operations and cut costs but it is a cyclical business. It is quite leveraged.

Correction for most of this year, gave back over half of its previous move and that's pretty significant. Started to pick up in last week or so, looks as though it wants to break out of a downtrend. Ideally, want to see it get above $40.

He has owned it. It's volatile, making tops and bottoms with breakdowns. It's now basing, which is good; maybe this will break above $36. Wait and see.

Sounds counterintuitive, but WFG and trees are going to be beneficiaries. US still needs them, just going to pay higher prices.

GRT.UN is a good name. PKI works well here. Materials sector, with a name like NTR. 

There's even a part of the TSX that does well with a falling CAD, as earnings get amplified.

(Note the short timeframe.) Trying to find a floor here. Part of his broader energy call.

Should work regardless of tariffs. It's being pushed to unlock value. A few $$ to be earned from low-hanging fruit. Market sees EPS growing 15% over next 2 years, trading at 9x. Idiosyncratic name, not tethered to news headlines, with a nice dividend. Yield is 3.8%.

A big shareholder is agitating for change, wanting management to enhance value. World-class assets. It's cheap.  Refining margins have been coming in and general malaise in economy may explain share price. Very undervalued and value will be realized somehow. Debt, but a lot of FCF. Yield is 3.96%.

The controlling shareholder wants to sell the gas stations and keep the refineries where the margins are higher and sit on lots of real estate. He doesn't own the shares, but the bonds which pay 6% during falling interest rates. Not investment-grade bonds, so the leverage is high.