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TSE:PKI

Parkland Fuel Corp (PKI.TO)

39.84
-0.14 (0.35%)
as of Nov 4, 2025, 9:00:00 pm Market Open.
321 watching
0
DON'T BUY
Impressed with its acquisitions. Got back into refining, which is highly volatile, a headache on margins. Debt load is an extra risk right now. Does better when energy names like SU are not as attractive as they are now.
WAIT
Successful serial acquirer. Tarred with same brush as non-investment grade, growth-by-acquisition stories. When refinancing, bonds cost more. He owns ATD, a better operator, more globally diversified, better in-store merchandising. There will be a time to nibble, but not now.
SELL
He's reduced his position significantly, probably should have reduced it completely. Lost its focus. ATD, for example, focuses on convenience stores, without ups and downs of the refinery business. Investors like pure play companies.
WAIT
Entry level price? He hasn't had a chance to review this morning's earnings news. Do that before jumping in. Well run. Broadly similar to ATD, but owns refining as well and it's excellent. Good job rolling up gas stations and stores. Cheaper than ATD.
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Beat expectations last quarter. Aided by strong distribution network. Acquisitions to remain primary growth driver. Trades at discount to history and peers.
Unspecified
The question was on the future of gas stations with the increasing number of EV's. He owns some Alimentation Couche-Tard. He also owns and prefers Parkland Fuels. They bought M&M's Meat Shops and are trying to make the gas station a destination where people can go to pick up food items etc. The changes coming to gas stations will not happen overnight and as EV stations, people will have to pay to charge their cars.
WATCH
Parkland vs. Chartwell He's been looking at both. PKI just finished buying their Caribbean business; their fuel distribution chain continues to grow. PKI and ATD could see PE expansion. CSH is completely different, but this is stable and boasts demand. Same with PKI. CSH's shares have been struggling post-Covid, but this could be a long-term secular opportunity. CSH faces labour and inflation challenges. Both are interesting.
BUY
Owns one of the only refineries in Canada, a jewel of an asset. Worth in excess of $50 a share. Market's concernced about how it's funding acquisitions. In the meantime, gasoline demand is strong. Attractive here.
TRADE
A good company that owns refining businesses and gas stations as well as supplies different fuels internationally and to the U.S. Investors are concerned about ESG and its future related to oil prices and usage. It should focus on integrating acquisitions and paying down debt. Very cheap.
WATCH
He's looking at it, looks attractive. Taken on debt for acquisitions. He likes the recent acquisition, but the market didn't. People are worried about integration of all the purchases. He wants to see debt paid down, dividend increased, and that's probably a couple of years away. Be patient.
BUY
Pluses: It has its own refinery, unusual for a small company, but good, which gives it access to cheap gas and diesels . It has many service stations in the Canadian west and US northwest in underserved areas with little competition. This helps profit margins. Some question what will happen when we transition to e-cars. People will still need to charge their cars, so PKI can install chargers. Strong dividend. This has room to move up.
BUY
Doing everything right. Raising dividend. Reports tonight. Apathy in the name, and he doesn't know why. Perhaps it's pace of issuing shares. Well on its way to almost double EBITDA by 2025. Lowest valuation ever, lots of value in the company. Not concerned about the leverage.
WATCH
Deal with M&M is good. Tough year last year. Investors want to see where it is going forward, perhaps suggesting it slow pace of acquisitions. Need debt decreased, free cashflow to improve. Well run. Likes the medium and long term outlook. Fundamentals are there for improved performance. He's looking at it.
DON'T BUY

Company is subject to refining margins which have been negatively affected by flooding on BC coast. Good name to own if refining margins pickup. However, doesn't own stock and would not recommend buying it.

BUY
Model price of $43.19, 22% upside. Yield is 3.5%. He'd buy this dip.
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