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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
COMMENT
It's always peaked out at 3.5x book value, $47 now. That's the ceiling.
BUY
He owns the stock and the debt. A growth by acquisition story but also well managed. He think $45-46 is still the target. He would be a seller before $50 (the Street target).
TOP PICK
If you missed ATD'B, then pick this up. They're just starting their expansion. Pays a nice dividend. Great potential as they expand into the States. (Analysts’ price target is $48.89)
COMMENT
Came with great numbers last quarter. They have mid-stream and front stores. They are great acquisition machine. They never bought based on valuation. market cap is around 600 Mill. Great company.
BUY
PKI-T vs. ATD.A-T. PKI-T and ATD.A-T are similar but ATD is more focused on convenience stores and PKI is more focused on gas stations. He owns both. PKI is a smaller company and so would not be so protected in a downturn. He thinks they will both continue to do well.
WEAK BUY
Had been on a really good run, but then the differentials ran out a year ago. Went from a sleepy name, to one with really attractive assets which boosted the stock. Could grow incrementally, with some small M&A. Not expensive. It's at an attractive level, and he wouldn't be against buying it here, though he doesn't have room for it in his portfolio.
HOLD
It was a big mistake selling this. Good management in a tough market in Alberta. It's pricey at current levels, trading at 20x forward earnings. It's in a competitive market. The new Alberta government is a question mark.
PAST TOP PICK
(A Top Pick Oct 16/18, Down 13%) He's holding to hold it, but he picked it when PKI was at its peak. He thinks it'll reach new highs. It's not exposed to price risk on oil; rather, it's an oil distributor, a retail play.
DON'T BUY
They came off a tremendous quarter. Their convenience stores are doing very well. But it trades above 3x book, so its valuation is too high for him. Trading at more than 20x earnings for the coming year. Pays a yield over 2%. Extremely well-managed though. He'd buy if this were much cheaper.
TOP PICK
Free cash flow has swung massively positive. Margins have doubled over the last year. They expect a 17% ROE. He expects a 9-19% upside. (Analysts’ price target is $47.38)
PAST TOP PICK
(A Top Pick Oct 23/18, Down 14%) Pressured along with the oil sector. They own gas stations/convenience stores as well as refineries. They just bought 75% in a Caribbean company to control gas distribution there. Well-diversified.
TOP PICK
It shouldn't be considered an oil stock. They're doing well operating (and integrating) convenience stores and gas stations. They also refine oil. They have a nice moat and pay a good dividend. (Analysts’ price target is $47.38)
BUY
They just reported blow out earnings. Their refinery made a lot of money last quarter. Well managed company. It has good assets. They have done a good job of making acquisitions. It is a great growth story. They are a dominant force in retail gas marketing in Canada.
WATCH
A great Canadian story. Managerment has executed on everything. They've been pushing into the US and Caribbean, buying asset, though he can't tell how that will effect their next report. They've been buying assets like gas stations that came with refineries. That's great because it creates vertical integration, but it comes with a crack spread, which creates positivity. So analysts built that into their estimates and the stock got a little ahead of themselves. He's excited to see how tomorrow's report is. He may buy. They've been shrewd buyers. A long-term buy.
BUY
They lowered their estimates due to weakening crack spreads due to Alberta's output reductions. Balance sheet is not bad. Still modeling 35% EPS growth. Cheap at 12.6 times 2020 earnings. They are a growth by acquisition.
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