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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
PAST TOP PICK
(A Top Pick Oct 16/18, Up 7%) They have aggregated gas stations very well. They've bought a lot of companies, but he still sees life in it. Don't rush to buy at these prices, but hold it.
BUY

A mini-ATD'B, both well-run. You can own either. Earnings continue to be good. This will set new highs.

HOLD

ATD.B-T or PKI-T? He owns ATD.B-T as a pure consumer play. He owns bonds in PKI-T as it is a blend of consumer and energy and he likes the 6% yeild of the bonds. Holding both is fine.

BUY
They have a lot of great refining assets which has been hugely profitable. They grow by acquisition and do it well. The yield is safe. The shares are moving sideways after a big move, but that's normal and fine.
HOLD
Owns it in his income fund. Great dividend. In an uptrend. Going to find resistance. Cash flow is pretty good. Not a massive grower, so there may be other avenues to look at. It may stall out here. If you're happy with the dividend, that's great.
COMMENT
It got a little ahead of itself in the past six months. He likes its push into the US with some acquisitions there and are looking for US investors. He's amazed with the massive number of gas stations to buy out there. Concerned about the valuation, so he doesn't own this now.
PAST TOP PICK

(A Top Pick Oct 23/18, Down 5%) Unfortunately, this is painted with the same oil brush, and the oil sector is under fire. It's a mini-ATD'B. It's really a consumer discretionary stock and not energy.

BUY
It has done a really good job in the acquisition front. With interest rates low, they have done a good job of integrating acquisitions so they should continue t do well.
BUY
They're expanding their convenience stores to augment their commercial gas business. They're growing through acqusition. Trades at a reasonable 8.5x EBITDA. They're doing the right things and you're fine to hold this for the long term.
TOP PICK
Consistent high returns on equity. They are really good capital allocators. They refine fuel and ship it and sell it. They have convenience stores. What's most interesting is that they set up a nice platform in the US and internationally. They have a large runway of growth. They upped their guidance after releasing good results. They now have a loyalty program. (Analysts’ price target is $49.79)
BUY ON WEAKNESS
Pretty expensive. Increased dividend, modelling 15% EPS growth. Balance sheet is improving. Like a mini Couche-Tarde. Buy on any pullback. (Analysts’ price target is $49.00)
COMMENT

ATD.B-T vs. PKI-T. ATD.B-t is mainly retail. PKI-T also does commercial. They are not just retail. Both are good companies. Both are buying up gas stations. ATD.B-T gets 20% of gross profits from tobacco sales and that is a declining product category. PKI-T does not sell tobacco to the same extent.

PAST TOP PICK
(A Top Pick Jul 27/18, Up 21%) Quickly hit his target. As long as it holds above $40, he'll hold or buy some more.
PAST TOP PICK
(A Top Pick Mar 06/19, Up 13%) Also a top pick.
TOP PICK
They continue to make good acquisitions, including in the Caribbean. They get refineries in an area, like the Caribbean, which gives them wholesale pricing which they can run through their retail convenience stores at attractive margins. They generate great recurring cash flow. (Analysts’ price target is $48.91)
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