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Parkland Corporation (PKIUF)

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25.90-1.90 (-6.83%)
At close: 03:50PM EST
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  • R
    Roger
    1) Inv. day strenghtenned my confidence in the growth power of PKI. It also proved how good the
    managing team is. That was 3 hrs long and many analysts have emphasysed the strong points.
    CIBC wrote a 10 page report summing up the meeting and bumped up its TP from 50 to $53.

    2) I am convinced PKI is a top growth cy, so in a few months the share price will be up again.
    Growth is phenomenal in the 4 coming years. Earnings/share will more than double in 2022 !

    3) Burnaby refinery has a 2 week crude reserve (trans mountain closure). BC shareholders surely
    are more impacted by the road closures and all the bad luck last week; that could cause panick
    selling eventhough Burnaby Refinery is NOT in trouble, they can even bring in crude by boat.
    4) We saw graphs for LP, Jet fuel, diesel and gas volumes in 2030. This was provided by an
    independant cy. High demand will still be there.
    5) I apreciate reading opinions from other shareholders. (Desjardin) from Pat was real good Thanks.
  • R
    Roger
    TSX has approved PKI's notice to BUYBACK 15M shares. GOOOOD !
  • B
    BluHorseshoe
    Another storm coming, if pipeline reopening gets delayed, refinery gets further delayed - sp drops below $30cdn & I load up!
  • P
    Pat
    Another upgrade for the market maker to make some cling . Todays upgrade says $53 ..lol….watch it be negative on the day already down nearly a buck from highs today.. savage
  • P
    Pat
    Desjardins Securities analyst David Newman thinks shares of Parkland Corp. ( PKI-T -1.65%
    decrease

    ) have been “unduly punished,” believing it is “on the verge of an inflection point on the back of its proven business model and investments in Develop, Diversify and Decarbonize, which will drive robust growth, a fundamental shift in the portfolio mix and lucrative cash flow generation.”
    He raised his financial expectations for the Calgary-based company in response to a non-deal roadshow following its Nov. 16 Investor Day event.
    “Management laid out a highly compelling case that served to address many investor misperceptions while outlining its strategic plans for the next decade,” said Mr. Newman.
    He believes Parkland is “well on track” to achieve its “ambitious” target of $2-billion in earnings before interest, taxes, depreciation and amortization by 2025. He also emphasized its growing free cash conversion, the diversification strategy of its energy transaction and its ESG initiatives.
    Maintaining a “buy” rating for its shares, Mr. Newman increased his target to $54 from $50. The current average on the Street is $51.21.
    “We believe PKI trades at an unwarranted discount of 6.7 times on 2022 EBITDA, but 6.5 times on its $1.6-billion run rate, vs peers at 8.8 times (many at more than 10 times, including ATD at 10.3 times),” he said.
    “The stock price represents a compelling entry point for value investors.”

    Todays upgrade…having said that we should pop at the open a buck then end the day down 75 cents..lol…lol. I to,d you this is a gangster stock. Buy what you can sleep at night with not on margin this company stays this cheap will go private my fair value is $63 ..notice how the upgrades creep closer and closer to my number?
  • P
    Pat
    It’s confusing as my charts show less excitement. Unless we are all being taken for a ride I need it explained to me with all the upgrades in the last 6 months why is it over $200 million in money flow has left this circus? Chart sick. Unless like I said we are being played as my thinking is this company goes private in the next year let’s see..or else all those analysts need to visit the woodshed
  • R
    Roger
    The panick selloff seems to comme from road closures and gas stations closures in BC. This will end soon .
  • B
    BluHorseshoe
    Hopefully this temporary interruption presents a buying opportunity in the next couple days!
  • R
    Roger
    Inv. day webcast was fantastic. This cy will be printing huge $ once the covid hassle is over.
    Now let's see what message the analysts transmit to their clients.
  • M
    Matin
    I want to congratulate the entire Parkland team for delivering the strongest quarterly and year-to-date results in Parkland’s history,” said Bob Espey, President and Chief Executive Officer. “Underpinned by our quality brands and consistent ability to anticipate and meet the evolving needs of our customers, including meeting a growing need for low-carbon fuels, we delivered $1 billion of Adjusted EBITDA during the first nine months of the year, demonstrating the strength and growth trajectory of our company.”
  • P
    Pat
    No worries folks couple of more $50 upgrades we might rub $20..lol.. imagine these apples have of BC drowns where the pipeline is and stock hardly sinks. Couple of dudes in a country that breeds every disease known to mankind and the world loses over 2 trillion market cap in hours. Crazy stuff. I remember the Olympics in Brazil they tried to hype the sick virus. Had people shaking in boots to have sex..lol.where is it now? Still around folks been in Africa since the 1960’s. me started on Ebola.. It was Christmas at the open ..lol
  • P
    Pat
    This company is going private fair value in my books is $43/ share I am an accountant..
  • C
    Chris
    Averaged down at $35.50 CAD. Thanks for the cheap shares of this solid serial acquirer in a fragmented industry! 😀 👍
  • K
    Karen
    In the Globe and Mail today.
    * BMO Nesbitt Burns analyst Peter Sklar raised his Parkland Fuel Corp. (PKI-T +3.91%increase
    ) target to $52 from $49, topping the $50.36 average, with an “outperform” rating.
  • C
    Chris
    Are they issuing stock? Am I reading that right?
  • W
    Wotan
    I added a few more shares today to average down, but it’s a big frustrating that after great earnings and all markets going up, this stock drops
  • K
    Kat
    I expect upgrades by tomorrow morning and the SP to follow the momentum..
  • C
    Chris
    Bob Espey, CEO was on BNN Bloomberg today.
  • P
    Pat
    What happened today? Sklar the analyst/ cooler upgrade to $90?
  • m
    markn
    price action indicates earnings day didn't even happen