Review of Parkland Corporation

JUL 16, 2024 - PKI has roughly 4,000 retail and commercial locations, and as part of a renewed corporate strategy, PKI is seeking to divest $500 million in non-core assets by the end of 2025. It has recently announced plans to divest its Canadian commercial
propane business, and we feel that a recentering and focus on its core business will be a net positive for the company. Its recent results were mixed, and we feel that we will need to see more evidence of margin improvement in future quarters, but we do like that the company is actively seeking ways to improve its margin profile. Due to its cheap valuation, we are maintaining our rating at ‘B+’.

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Parkland Corporation (PKI $38.61)
- $38.61 P/E (TTM): 22.9X Cap: $6.73B
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Q: In 2025 June, it was confirmed by AGM that PKI is being acquired by SUN:N for US$9.1-bil. SUN:N was offering C$44 or C$19.80 = 0.295 SUN:N units. At of today PKI:T is trading around C$38/-. Do you think that SUN:N will pay C$44 once the transaction related formalities is completed or its better to sell now as the price of C$44 might be lower. Your views appreciated.
Thanks
Piyush

Read Answer Asked by Piyush on August 19, 2025

Parkland Corporation (PKI $38.61)
- $38.61 P/E (TTM): 22.9X Cap: $6.73B
- View PKI Profile
- View Questions on PKI
- View Reports on PKI

Q: What happens to out of the money call and put options on PKI after the takeover?

Read Answer Asked by brent on July 29, 2025

Parkland Corporation (PKI $38.61)
- $38.61 P/E (TTM): 22.9X Cap: $6.73B
- View PKI Profile
- View Questions on PKI
- View Reports on PKI
Sunoco LP representing limited partner interests (SUN $53.22)
- $53.22 P/E (TTM): 40.96X Cap: $7.86B
- View SUN Profile
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Q: While very disappointed in what we will finally get for our PKI shares, I am thinking that the best option might be to take all SUN shares for my PKI shares and hope that the SUN shares go higher, perhaps closer to $44 over the next 6 months. I don't see anyone getting all cash for their PKI shares. What would you do with your shares? Also, I voted against the takeover and I am wonder when and how I will get the opportunity to indicate my choice of compensation? Thanks for your great service.

Read Answer Asked by Earl on July 17, 2025