Q: Does Parkland have any further upside
5i Research Answer:
There may be some; the acquisition is partly for SUN shares and these will be listed upon closing. There are some synergies, and new management may be able to show faster growth than historical levels. We would not say there is huge upside, however, but it has some potential over time. We will need to see how the company does under the new structure, but for now we would give it a neutral rating, and there are likely better growth opportunities in the sector.