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

2017-05-18

COMMENT
Parkland Fuel Corp (PKI-T)

This has grown like Topsy. He likes the way they picked up various gas stations from different sellers. Feels that they have good, long term growth prospects. With the situation in Alberta, he sold his holdings, but this company skated right through that. A good, long term growth company.

merchandising/lodging
David Cockfield

Managing Director, Northland Wealth Management

Price: $30.650
Owned: No

2017-05-16

COMMENT
Parkland Fuel Corp (PKI-T)

This is an operator delivering gasoline to retailers and corporations. A well-run company if you want a position in this space.

merchandising/lodging
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $31.500
Owned: No

2017-05-02

COMMENT
Parkland Fuel Corp (PKI-T)

This has been a good stock. They are money makers, but it is not exactly a big growth space. The absolute number of gas stations is shrinking both in Canada and the US. After their most recent acquisition, this company will not be able to grow in Canada any more. It will probably turn into more of an income vehicle at this stage.

merchandising/lodging
Daniel Lloyd

Portfolio Manager, Forge First Asset Management

Price: $29.770
Owned: No

2017-05-01

BUY
Parkland Fuel Corp (PKI-T)

He has been a long term holder for 15 years.  He still buys for new clients.  It is a different kind of stock because it grows by acquisition.  They distribute fuel at the retail and commercial levels.  They have recently been a big acquirer.  They are buying the Canadian assets of CST, Pioneer, and Chevron Canada.  This is a highly leveraged company, but uses it well.  They raise their dividend every year. 

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $29.640
Owned: Yes

2017-04-18

COMMENT
Parkland Fuel Corp (PKI-T)

Shares have been halted in that they are going to purchase Chevron’s Canadian assets. Chevron (CVX-N) has been a consistently really good operator. Overall that is probably a good thing. Parkland has been a good company for many years and has been a good dividend paying company.

merchandising/lodging
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $28.860
Owned: Unknown

2017-03-23

TOP PICK
Parkland Fuel Corp (PKI-T)

Big in the gas station business with some wholesale and commercial businesses as well as propane distribution.  They are going to buy CST assets in Eastern Canada.  There is room for a lot more acquisitions.  It has now broken out.  They raise their dividend modestly on a regular basis.  (Analysts’ target: $32.25).

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $28.990
Owned: Yes

2017-02-10

BUY
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) Bought a massive expansion of a gasoline infrastructure in the US, which is really going to drive their earnings forward.

merchandising/lodging
Craig Porter

Senior Portfolio Manager, LOGiQ Asset Management

Price: $27.530
Owned: Yes

2017-01-18

BUY on WEAKNESS
Parkland Fuel Corp (PKI-T)

Just made some great acquisitions, so their balance sheet is a little bit bloated. He sees really strong earnings growth because of their acquisitions, 30% over the next couple of years. 90% payout ratio which continues to come down. It is expensive at these levels.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $27.360
Owned: Unknown

2017-01-11

HOLD
Parkland Fuel Corp (PKI-T)

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)

merchandising/lodging
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $28.010
Owned: Unknown

2017-01-09

SELL
Parkland Fuel Corp (PKI-T)

He is short.  Fuel retailing without refining margin is not a great business.  He believes fuel volumes will decline.  With their last few acquisitions they moved into more urbanized regions and they took on a lot of debt. 

merchandising/lodging
Daniel Lloyd

Portfolio Manager, Forge First Asset Management

Price: $28.100
Owned: Yes

2016-12-30

PAST TOP PICK
Parkland Fuel Corp (PKI-T)

(A Top Pick Nov 14/16. Up 4.85%.) This has a 4% dividend, and he wouldn’t normally buy for his equity platform, but recently took a position because it seems to have broken out of a bit of a base. Even though it is an income stock, he feels it has a little bit of upside. He will probably sell it, but in the meantime, will earn a bit of a dividend.

merchandising/lodging
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $28.130
Owned: Yes

2016-12-07

WEAK BUY
Parkland Fuel Corp (PKI-T)

He prefers ATD.B-T.  PKI-T will benefit from a deal ATD.B-T.  It is not his favourite.

merchandising/lodging
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $27.360
Owned: No

2016-11-14

TOP PICK
Parkland Fuel Corp (PKI-T)

A longer term pick: it was going sideways forever.  It broke out and pulled back to the neckline ($28).  You will collect a 4.1% dividend.  Investment time horizon is one year or longer.  (Analysts’ Target: $32.03).

merchandising/lodging
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $27.010
Owned: Yes

2016-11-08

COMMENT
Parkland Fuel Corp (PKI-T)

This has been a great stock for his clients. Feels that it has a great future. It has grown by acquisition, mostly in the retail gasoline business. Earlier this year they bought Pioneer Fuels. Had a new stock issue, and he thinks it got ahead of itself with that. Feels it is still going to be good in the future.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $28.540
Owned: Yes

2016-11-07

SELL
Parkland Fuel Corp (PKI-T)

It is only going to earn $0.82 and they are paying out $1.13.  They can’t keep up with the dividend.  He expects $22 or $17.80, so exit the position.

merchandising/lodging
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $28.500
Owned: Unknown

2016-11-04

BUY on WEAKNESS
Parkland Fuel Corp (PKI-T)

This has made some major acquisitions recently. They have been big acquisitions in terms of the number of storefronts, fuel depots and propane distributions. He is not surprised that the stock has been held back a little. If he saw it pull back to the $25 level, that would be an entry point.

merchandising/lodging
Michael Sprung

President, Sprung Investment Management

Price: $29.210
Owned: Yes

2016-11-02

TOP PICK
Parkland Fuel Corp (PKI-T)

Couche Tard bought CFP for multibillion dollars, and Parkland is buying their Canadian operations, so they are expanding their presence in Eastern Canada to match Western Canada. They are driving down costs and margins are going up. Not a cheap stock, but it consistently performs with a consistent cash flow. Dividend yield of 3.66%.

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $30.710
Owned: No

2016-10-31

BUY
Parkland Fuel Corp (PKI-T)

A fuel retailer involved in an acquisition.  ATD.B-T will have to divest the Canadian part of an acquisition they just made and it will sell it to PKI-T.  It is all subject to review.

merchandising/lodging
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $31.250
Owned: Unknown

2016-10-28

HOLD
Parkland Fuel Corp (PKI-T)

They bought a piece of the gas stations from ATD.B-T.  He owns ATD.B-T and it moved.  PKI-T is pretty fully valued now unless it pulled back into the high $20s.  At $33-$34 it is a sell.

merchandising/lodging
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $31.250
Owned: No

2016-09-06

BUY on WEAKNESS
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) Made a good acquisition, but the stock has had a huge move in the last month, and a bit pricey for him.

merchandising/lodging
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $29.740
Owned: Unknown

2016-08-24

HOLD
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) This has had tremendous appreciation, especially in the last few days. He is tempted to scale back at current levels.

merchandising/lodging
Michael Sprung

President, Sprung Investment Management

Price: $29.120
Owned: Yes

2016-08-23

BUY
Parkland Fuel Corp (PKI-T)

Just acquired 500 Ultramar locations. That’s a great deal for them. There are big synergies in this business, and room for this to definitely move higher.

merchandising/lodging
James Telfser

Partner & Portfolio Manager, Aventine Management Group

Price: $29.230
Owned: Yes

2016-08-22

COMMENT
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) After its 15% move today, this would be a Hold or a Sell, because the move was too big.

merchandising/lodging
John Kim

Portfolio Manager, Aston Hill Financial

Price: $29.270
Owned: Unknown

2016-08-10

BUY
Parkland Fuel Corp (PKI-T)

Think of this company as the middleman for fuel. They buy fuel from the refineries, and then sell it to end consumers, plus they have a bit of a wholesale division as well. They own a lot of gas stations, and do a lot of commercial type stuff like propane to housing. As they get bigger, they get better at negotiating power with the people they are buying fuel from. A very good company. A good entry point. 4.6% dividend yield.

merchandising/lodging
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $24.630
Owned: Yes

2016-08-03

COMMENT
Parkland Fuel Corp (PKI-T)

Alimentation Couche-tard (ATD.B-T) or Parkland Fuel (PKI-T)? A tough call. Alimentation is in Europe making all sorts of acquisitions and is an acquisition driven story. This one is making smaller acquisitions, but their main thesis over the next 5 years is cost reduction in order to improve margins and is largely NA focused. He would choose large and safer over a smaller Canadian company, but there is nothing wrong with this company.

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $23.240
Owned: No

2016-07-25

BUY
Parkland Fuel Corp (PKI-T)

It is a fuel distributor.  Gas stations and other types of fuel distribution and transportation.  Earnings grow on acquisition.  Nice yield and the dividend grows.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $22.860
Owned: Yes

2016-07-18

BUY
Parkland Fuel Corp (PKI-T)

You need to be aware of fuel margins.  Oil costs are steady as are gasoline costs right now so they should be able to do a little bit better.  Things should be okay for them in this environment.

merchandising/lodging
Ben Cheng

President and Chief Investment Officer, Aston Hill Financial Ltd.

Price: $23.090
Owned: Unknown

2016-06-17

TOP PICK
Parkland Fuel Corp (PKI-T)

A fuel distribution business, mostly retail gas stations, but also wholesale and commercial. Largely in Western Canada although have made some Eastern Canadian acquisitions, such as Pioneer Fuels. They are a growth by acquisition company, and there are some big assets that will be coming up. Loblaw’s (L-T) has talked about putting their gas station assets up for sale. They raise their dividend a little bit every year. Dividend yield of 5.08%.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $22.330
Owned: Yes

2016-06-08

BUY on WEAKNESS
Parkland Fuel Corp (PKI-T)

Some of their business is fuel distribution and marketing, which has been under pressure a little. They also own a very large gas station/convenience store business. A pretty good stable growing business, and well-run. He would like to get this at a lower price.

merchandising/lodging
Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $23.020
Owned: No

2016-06-03

HOLD
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) Fuel retailer. Good valuation, good volatility and a good yield at 4.9%. He has a small holding.

merchandising/lodging
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $23.290
Owned: Yes

2016-05-18

WATCH
Parkland Fuel Corp (PKI-T)

This has been stuck in a range lately. There were some concerns about fuel volumes in Western Canada, and also in North Dakota where they have a growing business. Recently made a nice acquisition of some fuel stations from Imperial Oil (IMO-T). They are becoming more of a retail fuel station operator, than a wholesale reseller of fuel. That should gather a higher multiple. You may see an acquisition in the next few months, that will probably come with an equity issue. That would be a great way to increase your position. Dividend yield of 5% is fairly sustainable.

merchandising/lodging
Steve Belisle

Senior Portfolio Manager & Managing Director, Manulife Asset Management

Price: $22.640
Owned: Unknown

2016-05-06

COMMENT
Parkland Fuel Corp (PKI-T)

(Market Call Minute.) A refiner and a retailer of gasoline. They are driving costs down. Last quarter was good and they continue to grow. Nice, steady growth. Making good margins.

merchandising/lodging
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $23.700
Owned: Unknown

2016-04-15

COMMENT
Parkland Fuel Corp (PKI-T)

Still looking at this, and is sort of liking what is happening. Has a reasonable yield and some reasonable growth because of the acquisitions they have made. If you can get 5%-7% growth, you should own it. Well diversified. It is just a matter now of digesting the acquisitions.

merchandising/lodging
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $22.120
Owned: No

2016-02-29

WATCH
Parkland Fuel Corp (PKI-T)

He is looking at them now.  They acquired Pioneer and he now sees them like ATD.B-T.  Good consistent dividend payer.  Attractive total return.

merchandising/lodging
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $20.750
Owned: No

2016-01-11

COMMENT
Parkland Fuel Corp (PKI-T)

Sees this as a good long term, growing, practical, well-managed company. Thinks it will do well over a long period of time.

merchandising/lodging
Michael Decter

President & CEO, Lawrence Decter Investment Counsel

Price: $21.990
Owned: Yes

2015-12-30

BUY
Parkland Fuel Corp (PKI-T)

Mostly in the fuel distribution business, from gas stations to loading oil onto railcars. For a long time it had a deal with first Petro Canada and then Suncor where they participated in the refining margin that Petro Canada earned. That ended at the end 2014 which hurt them a little. Likes the stock, yield and the business they are in. One problem is that a lot of their business is in Alberta. He likes the company.

merchandising/lodging
Norman Levine

Managing Director, Portfolio Management Corp

Price: $23.290
Owned: Yes

2015-11-26

COMMENT
Parkland Fuel Corp (PKI-T)

This shows a nice steady uptrend from 2013 followed by a break this year. It is showing either a base building or a bounce. Had a base building at around $18. Currently testing a Volatility Stop at around $22.45. If it breaks, it probably goes down to one of the significant averages, probably around $21. A good stock. He would like to see it get back up to challenge the $25 level, before he would feel the long-term trend is going to hold. Dividend yield of 4.7%.

merchandising/lodging
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $22.990
Owned: Unknown

2015-08-13

PAST TOP PICK
Parkland Fuel Corp (PKI-T)

(A Top Pick Aug 29/14. Up 12.91%.) There are 3 ways to have growth.  1) Acquisitions, 2) overall strong demand or 3) reduce expenses. They are acquiring assets and it is very much a scale business. They have built up a very good team. Just closed the acquisition of Pioneer which gave them a lot more gas stations in the East. Given the challenges in the energy space, there are a lot of assets that can potentially be up for sale, and that is their goal. She thinks this continues to go.

merchandising/lodging
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $22.370
Owned: Yes

2015-07-29

WAIT
Parkland Fuel Corp (PKI-T)

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.

merchandising/lodging
James Telfser

Partner & Portfolio Manager, Aventine Management Group

Price: $23.480
Owned: No

2015-07-16

HOLD
Parkland Fuel Corp (PKI-T)

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.

merchandising/lodging
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $24.200
Owned: No

2015-06-23

TOP PICK
Parkland Fuel Corp (PKI-T)

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. 

merchandising/lodging
Paul Taylor

CIO, Fundamental Equities, BMO Asset Management

Price: $25.810
Owned: Yes

2015-05-06

PAST TOP PICK
Parkland Fuel Corp (PKI-T)

(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.

merchandising/lodging
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $24.920
Owned: No

2015-04-10

COMMENT
Parkland Fuel Corp (PKI-T)

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

merchandising/lodging
David Cockfield

Managing Director, Northland Wealth Management

Price: $25.690
Owned: Yes

2015-04-08

COMMENT
Parkland Fuel Corp (PKI-T)

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.

merchandising/lodging
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $25.620
Owned: Yes

2015-03-31

COMMENT
Parkland Fuel Corp (PKI-T)

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.

merchandising/lodging
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $24.870
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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