Parkland Fuel Corp (PKI.TO)

He likes the name, the dividend and management very much. They have been executing extremely well on their growth plan. Have hit every single target that they set for themselves. This is reflected now in the valuation. He thinks there is some risk to earnings potentially, so you will probably be able to get in at a better valuation.

Well-managed company. Did a fairly significant acquisition in the last year, which looks like it makes good sense for them to get the synergies and more scale.

It is a business in the energy space. They are the largest consolidator of non-urban fuel distribution centers in Canada. They are in a good situation to further consolidate the industry. They are well positioned. You get paid to wait.

(A Top Pick June 24/14. Up 101.07%. My records do not show Jason being on BNN on that day, so I am using the figures that BNN is showing.) ROE was not quite where he wanted it to be so he sold his position. A great company and a really smart CEO. This is now a Buy.

A fuel distributor which is now across Canada. Cold winters are good for them. Dividend is quite nice. Well-run.

Has been buying this over the last few weeks. They do some refining and basically run gas stations. Feels this is good, long term value and likes what management has been doing with their acquisitions.

Strong management. Great execution. They buy tuck in acquisitions as well as large acquisitions. This is all about the retail and the middle side of the oil processing such as fuel delivery. Lost the Suncor (SU-T) contract about 1.5 years ago, but have replaced it. Also, a conservative company from a payout perspective. Dividend is not only sustainable, but he wouldn’t be surprised, if they don’t do as much in acquisitions, they will increase their payouts.

A good yielder. Have grown their yield and are expanding their business. Made a fairly significant acquisition last fall, and there is more potential for them to buy more gas stations out west.

Fuel distributor. More recently he thinks they are looking at more price advantages. They lost their big supplier, but managed to step out and do quite well. With the temperatures we are having, he imagines that they must be having a heck of a quarter. Dividend has been quite good.

Actually a beneficiary of the oil situation. They are on the retail selling and distribution side of gasoline. When there is a price drop in gasoline, people buy more of it, which has been good for this company. He is hoping that it gets to $24-$25 over time. Likes management and the story. Doesn’t feel they are at huge risk. Well-managed.

Just met with management. They are not that affected by oil prices. Just made a huge acquisition of gas stations and convenience stores. He finds it expensive at these levels. He would look at it on a correction only.

Stock s. Stock. ATD.B-T vs. PKI-T. Similar but different businesses. He owns PKI-T. ATD.B-T is more in the convenience store business. They use fuel to bring people into the convenience store. PKI-T is just concerned with pumping fuel.

(A Top Pick Oct 18/13. Up 22.07%.) When he was looking at this, the ROE was over 20%, and this started to creep down a little to the 16%-17% range. Because of that, he sold his holdings. Good company. Likes the CEO.

Buying it for new clients. Likes the growth prospects. They acquired Pioneer. PKI-T is a gasoline retailer. They are looking for opportunities to grow. They may be raising the dividend in the future. It held tight when the market went down.

(A Top Pick Oct 18/13. Up 17.7%.) Sold his holdings at around $19.50, because the ROE was a little bit lower than what he was looking for. Just did an acquisition in Ontario and he may end up going back into the name.