Parkland Fuel Corp | StockChase
216
Parkland Fuel Corp (PKI-T)

Last Price Recorded: $26.7600 on 2017-12-12

ON STOCKCHASE SINCE Oct 2002

merchandising/lodging
216
Parkland Fuel Corp (PKI-T)

Last Price Recorded: $26.7600 on 2017-12-12

ON STOCKCHASE SINCE Oct 2002

merchandising/lodging

Parkland Fuel Corp


Signal Opinion Expert
COMMENT
Parkland Fuel Corp(PKI-T) 

November 24, 2017

Starting to look quite cheap. The cash flow profile going forward, from 2019 onward, should look fantastic. Just made a large acquisition, which came with a refinery in British Columbia. That will require a lot of capital in a turnaround early next year. The free cash flow profile doesn’t look particularly good for 2018, but beyond that it should look quite good. Refining margins in BC are at record spreads. They should be making a lot of money at the moment. A decent, steady business. Not a bad name to own. Dividend yield of 4.6%.

merchandising/lodging

Starting to look quite cheap. The cash flow profile going forward, from 2019 onward, should look fantastic. Just made a large acquisition, which came with a refinery in British Columbia. That will require a lot of capital in a turnaround early next year. The free cash flow profile doesn’t look particularly good for 2018, but beyond that it should look quite good. Refining margins in BC are at record spreads. They should be making a lot of money at the moment. A decent, steady business. Not a bad name to own. Dividend yield of 4.6%.

merchandising/lodging
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$25.250
Owned Owned
No

BUY
Parkland Fuel Corp(PKI-T) 

November 22, 2017

A consolidator in gas stations, mostly in Canada, but is more diverse than just gas stations, having propane distribution and wholesale fuels. Earlier this year, they made 2 major acquisitions; the Canadian assets of Ultramar which gives them a lot more gas stations in eastern Canada and Chevron operations in Canada which were largely in BC as well as a refinery in BC. Took on a lot of debt to do this. The refinery has a big maintenance schedule ahead of it, and investors are a little nervous as to whether they can pull off these 2 big acquisitions at the same time. Their history has shown they’ve been very good acquirers.

merchandising/lodging

A consolidator in gas stations, mostly in Canada, but is more diverse than just gas stations, having propane distribution and wholesale fuels. Earlier this year, they made 2 major acquisitions; the Canadian assets of Ultramar which gives them a lot more gas stations in eastern Canada and Chevron operations in Canada which were largely in BC as well as a refinery in BC. Took on a lot of debt to do this. The refinery has a big maintenance schedule ahead of it, and investors are a little nervous as to whether they can pull off these 2 big acquisitions at the same time. Their history has shown they’ve been very good acquirers.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$25.240
Owned Owned
Yes

BUY
Parkland Fuel Corp(PKI-T) 

November 2, 2017

Since their acquisition and their deal with ATD.B-T, when it got below $25 it seemed pretty interesting.  He owns the corporate bond which pays quite well.  The acquisition is an accretive deal.

merchandising/lodging

Since their acquisition and their deal with ATD.B-T, when it got below $25 it seemed pretty interesting.  He owns the corporate bond which pays quite well.  The acquisition is an accretive deal.

merchandising/lodging
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$25.350
Owned Owned
Yes

WATCH
Parkland Fuel Corp(PKI-T) 

October 23, 2017

Everyone is doing the same thing and waiting to see what gets sold.  He is not in the sector.  This has been a pretty good sector and they have managed the company pretty well.  You have to see what they are going to lighten up on and what they are going to add to.

merchandising/lodging

Everyone is doing the same thing and waiting to see what gets sold.  He is not in the sector.  This has been a pretty good sector and they have managed the company pretty well.  You have to see what they are going to lighten up on and what they are going to add to.

merchandising/lodging
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$24.410
Owned Owned
No

HOLD
Parkland Fuel Corp(PKI-T) 

October 20, 2017

Doesn’t know why it’s down, but looks like a pretty good entry point. Made an acquisition earlier in the year, buying assets from Alimentation Couche-Tard (ATD.B-T). It might be a misunderstanding of being affected by lower energy prices, which they are not. It is down to an attractive level. He owns the bonds.

merchandising/lodging

Doesn’t know why it’s down, but looks like a pretty good entry point. Made an acquisition earlier in the year, buying assets from Alimentation Couche-Tard (ATD.B-T). It might be a misunderstanding of being affected by lower energy prices, which they are not. It is down to an attractive level. He owns the bonds.

merchandising/lodging
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$23.650
Owned Owned
Yes

HOLD
Parkland Fuel Corp(PKI-T) 

October 19, 2017

It has been quite weak.  There has been sector rotation and concern about refinery margins.  They have done nothing wrong.  They made a good acquisition. 

merchandising/lodging

It has been quite weak.  There has been sector rotation and concern about refinery margins.  They have done nothing wrong.  They made a good acquisition. 

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$24.360
Owned Owned
Unknown

DON'T BUY
Parkland Fuel Corp(PKI-T) 

October 18, 2017

A gas station operator.  They recently bought odds and end of CST brands.  They struck a sweetheart deal on assets that ATD.B-T has to cast off because of competition bureau reasons.  PKI-T is quite expensive compared to their profitability. 

merchandising/lodging

A gas station operator.  They recently bought odds and end of CST brands.  They struck a sweetheart deal on assets that ATD.B-T has to cast off because of competition bureau reasons.  PKI-T is quite expensive compared to their profitability. 

merchandising/lodging
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$24.710
Owned Owned
Unknown

BUY
Parkland Fuel Corp(PKI-T) 

September 27, 2017

Recently weakened following its 2 major acquisitions. A growth by acquisition company. Recently acquired Ultramar in eastern Canada and Chevron’s Canadian refinery and gas station business in Western Canada. It has become a “show me” stock, and is a great, long term buying opportunity. Dividend yield of 4.4%.

merchandising/lodging

Recently weakened following its 2 major acquisitions. A growth by acquisition company. Recently acquired Ultramar in eastern Canada and Chevron’s Canadian refinery and gas station business in Western Canada. It has become a “show me” stock, and is a great, long term buying opportunity. Dividend yield of 4.4%.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$25.910
Owned Owned
Yes

COMMENT
Parkland Fuel Corp(PKI-T) 

September 14, 2017

This has been growing over the last few years. He has it on his radar screen.

merchandising/lodging

This has been growing over the last few years. He has it on his radar screen.

merchandising/lodging
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$26.750
Owned Owned
No

BUY on WEAKNESS
Parkland Fuel Corp(PKI-T) 

August 23, 2017

It did quite well and came off more recently because of the whole energy space.  They also made significant acquisitions and they have to get through that.  They increased the dividend over time.  He is watching it and if it went down further he would be interested in buying it.

merchandising/lodging

It did quite well and came off more recently because of the whole energy space.  They also made significant acquisitions and they have to get through that.  They increased the dividend over time.  He is watching it and if it went down further he would be interested in buying it.

merchandising/lodging
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$25.360
Owned Owned
No

PAST TOP PICK
Parkland Fuel Corp(PKI-T) 

August 22, 2017

(Top Pick Nov 2/16, Down 15.89%)  It is just the sector right now.  They are a great company.  Nothing to worry about.

merchandising/lodging

(Top Pick Nov 2/16, Down 15.89%)  It is just the sector right now.  They are a great company.  Nothing to worry about.

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$25.140
Owned Owned
No

HOLD
Parkland Fuel Corp(PKI-T) 

August 11, 2017

Sold his position when he was concerned that their acquisitions were pretty big bites, creating a lot of debt. However, the company is well-run. He likes their business. A well-run company. He is watching this. Dividend yield of about 4.5%.

merchandising/lodging

Sold his position when he was concerned that their acquisitions were pretty big bites, creating a lot of debt. However, the company is well-run. He likes their business. A well-run company. He is watching this. Dividend yield of about 4.5%.

merchandising/lodging
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$25.700
Owned Owned
No

COMMENT

He likes this company. Extremely well-run. They just completed the acquisition of the BC assets of Chevron. Have grown very smartly through acquisitions. He doesn’t own this currently because he would sooner be paying in the low $20s rather than the high $20s.

merchandising/lodging

He likes this company. Extremely well-run. They just completed the acquisition of the BC assets of Chevron. Have grown very smartly through acquisitions. He doesn’t own this currently because he would sooner be paying in the low $20s rather than the high $20s.

merchandising/lodging
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$27.830
Owned Owned
No

PAST TOP PICK

(A Top Pick June 17/16. Up 42%.) Fuel distribution across Canada with a bit in the US. They are in the propane distribution business and home heating fuel business, and have recently just bought a refinery. They have even more room to grow, because there are a lot of urban markets that they are not in yet. Still a Buy.

merchandising/lodging

(A Top Pick June 17/16. Up 42%.) Fuel distribution across Canada with a bit in the US. They are in the propane distribution business and home heating fuel business, and have recently just bought a refinery. They have even more room to grow, because there are a lot of urban markets that they are not in yet. Still a Buy.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$30.310
Owned Owned
Yes

HOLD

This has been a good growth play. They have a leading market position. Have done very well with the acquisitions they have made. Feels this has a relatively good outlook from here. Trading at almost 45X forward earnings, which is pretty rich. Dividend growth continues.

merchandising/lodging

This has been a good growth play. They have a leading market position. Have done very well with the acquisitions they have made. Feels this has a relatively good outlook from here. Trading at almost 45X forward earnings, which is pretty rich. Dividend growth continues.

merchandising/lodging
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$29.880
Owned Owned
Yes

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1 Comment

hitch

August 14th 2017 at 5:50pm

I was reviewing TD’s Action Buy List and they put PKI on the list in the last few days. Interesting thinking I recall was the writer said they couldn’t understand the 20% drop in the share value


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