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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
Stock under-preformed this year. Margins under pressure with prices in energy rising. Would rather invest into energy companies or service companies.
BUY
Very attractive business. Jumped off the page earlier this year with its good valuation and positive business thesis. Valuation is the cheapest it's been in many years, materially underpriced. Great opportunity to own it. People are uncertain about convenience stores and gas stations in view of EVs. Great track record of redeploying capital.
WATCH
He's evaluating for purchase. Expect refinery asset in BC to be challenged, with uptick in commodity prices. May see decline in fuel volumes as prices rise and people reduce demand. Offset by reopening initiatives. Long term, solid business and trades at a discount to convenience store peers. Expects stock to migrate up from here.
COMMENT
PKI vs ATD'B They've done a good job rolling up fuel distribution. It's compared to ATD'B a lot, which he prefers because they're also in convenience stores as well as selling fuel--diversified. Also, ATD'B managers are phenomenal. PKI is too, but it's a different business. ATD'B allocates capital well in buying back shares and buying companies to create value--they have more levers to pull.
BUY ON WEAKNESS
Likes it, but prefers ATD'B. It's a good consolidator, mostly based in North America and is financially strong. It's a great total return compounder over time. Solid managers.
BUY
Very cheap. Investors are wary of the model going forward. History of accretive M&A. Looking at EV solutions. Decent dividend. You can buy more of it right now.
BUY
Good job rolling up smaller distributors and rebranding retail component. Excellent execution. Great business. Pace of acquisitions has slowed, so share price has just chugged along. He recently added. Time to build a position.
DON'T BUY
It's gotten into the refining business in BC and bought many gas stations in Canada and the US. Their business depends on volumes of gas sold and convenience store sales. Refining margins have been poor but showing improvement. EVs are a worry; will PKI offer charging stations. For now, stay on the sidelines until refining margins improve and more people drive.
TOP PICK
An industrial stock for them. A free cash flow generator where they roll up other businesses. Still has good run way, nice valuation and clean business model. Likes it for the space. The valuation is still depressed and has not yet participated in the rally. (Analysts’ price target is $50.14)
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has been a laggard this year, but has been significantly impacted by covid. Their convenience store and gas exposure saw some issues. However, it remains cheap and continues to find ways to grow. The low valuation with growth along with a decent dividend makes this a hold for now. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The pandemic resulted in a large drawdown. However, the share price has now bounced back from the March 2020 bottom. The company has proven track record and has returned 18% annualized returns 2011-2021. Should continue to be a good long term hold. Unlock Premium - Try 5i Free

BUY

Acquiring gas stations, competing with ATD.B as a global player. The business has become more competitive, and the move to EVs is causing concern. The response is that they'll put charging stations in. Any decline will be long and slow. Solid company.

HOLD

It is an interesting company because they have done a good job of building the business. She likes owning companies in different parts of the value chain, as apposed to ATD.B-T. It has been a challenging year for PKI-T but she thinks you should continue to hold it.

BUY

Great company. Likes it, but prefers Couche-Tard. Has grown nicely. Dividend higher than ATD.B. Both hinge on increasing electrification. Can buy it pretty comfortably here.

HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news to account for the sell off today. However, out of the past 8 days, the stock has risen 7 days with a total increase of $6 in two weeks. Unlock Premium - Try 5i Free

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