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

Last Price Recorded: $25.2500 on 2017-11-23

ON STOCKCHASE SINCE Oct 2002

merchandising/lodging

Parkland Fuel Corp


Signal Opinion Expert
     

2017-11-24

COMMENT
Parkland Fuel Corp (PKI-T)

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 Management

Price: $0.000
Owned: No

2017-11-22

BUY
Parkland Fuel Corp (PKI-T)

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 Corp

Price: $25.240
Owned: Yes

2017-11-02

BUY
Parkland Fuel Corp (PKI-T)

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 InvMngmnt

Price: $25.350
Owned: Yes

2017-10-23

WATCH
Parkland Fuel Corp (PKI-T)

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

Price: $24.410
Owned: No

2017-10-20

HOLD
Parkland Fuel Corp (PKI-T)

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 InvMngmnt

Price: $23.650
Owned: Yes

2017-10-19

HOLD
Parkland Fuel Corp (PKI-T)

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.

Price: $24.360
Owned: Unknown

2017-10-18

DON'T BUY
Parkland Fuel Corp (PKI-T)

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 Council

Price: $24.710
Owned: Unknown

2017-09-27

BUY
Parkland Fuel Corp (PKI-T)

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 Corp

Price: $25.910
Owned: Yes

2017-09-14

COMMENT
Parkland Fuel Corp (PKI-T)

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 Investment Management Inc.

Price: $26.750
Owned: No

2017-08-23

BUY on WEAKNESS
Parkland Fuel Corp (PKI-T)

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 & Associates

Price: $25.360
Owned: No

2017-08-22

PAST TOP PICK
Parkland Fuel Corp (PKI-T)

(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.

Price: $25.140
Owned: No

2017-08-11

HOLD
Parkland Fuel Corp (PKI-T)

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 Management

Price: $25.700
Owned: No

2017-07-21

COMMENT
Parkland Fuel Corp (PKI-T)

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 Management

Price: $27.830
Owned: No

2017-06-16

PAST TOP PICK
Parkland Fuel Corp (PKI-T)

(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 Corp

Price: $30.310
Owned: Yes

2017-06-07

HOLD
Parkland Fuel Corp (PKI-T)

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 Management

Price: $29.880
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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