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Investment Q&A

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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
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
Q: Good morning,

This question relates to the upcoming sale of PKI to Sunoco.

If a person held 1000 shares of PKI and elected to take the cash offer of $44 and was not granted the full cash allotment, and instead received $19.8 per share held and .295 shares of the new Company he would have $19.8k plus 295 shares of the new entity.

Or at least some configuration of shares depending on the choices of other shareholders.

That being said, if one wanted to dispose of these newly issued shares, how does one go about it, and are there any tax ramifications to be aware of when selling American shares?

My cost of PKI shares is approx $38 Can. There may be a small cap gain depending on the value of the SUN shares.

Or should one just bail out before the new shares are issued?

Finally, what is your best guess at the share price of PKI, just prior to the official delisting and the creation of SUN?
Read Answer Asked by Kelly on July 08, 2025
Q: Would appreciate your opinion on the following
Given the trade tensions between Canada and the USA what is the chance that Ottawa might not allow the takeover. And should Ottawa deny the takeover, what happens? I assume PKI shares could fall substantially.
Secondly, the current value of shares and cash, which most likely all PKI shareholders will get, is currently not $44 , but closer to $41.50 a share. Do you concur? And if so would you anticipate any top up to bring the offer closer to the $44 level.?
Based on your analysis, what is the best strategy: should Parkland shareholders continue to hold the shares or sell the shares and move on?
Thanks for your insight.


Read Answer Asked by John on June 09, 2025
Q: Good morning,

On May 5th the company announced that it has agreed to a takeover by Sunoco. The terms of the deal is cash and .295 shares of the new entity Suncorp.

My questions are two fold.

1. Is this new company, the old company renamed, or is this a spin off of the old company?

2. Assuming the deal goes through on June 24, how does the $44.00 price for each Parkland share work out, if the value of Suncorp is lower than the price of SUN at the time of the agreement?

3. That being said, do you expect the share price to rise to the value of the offer made, as the date of the vote nears?

4. Would you sell PKI if it gets to $44 or keep the shares of the new company?
Read Answer Asked by Kelly on May 20, 2025
Q: Dear 5i team.

Would appreciate your updated views on PKI with the recent news that Simpson is taking steps to field 9 new board members.
What is your educated guess on how this plays out?
I see the chart indicating a bounce opportunity as it's trading back to levels currently that look like triple bottom to my non educated eye.

Appreciate your assesment.
Read Answer Asked by Arthur on April 07, 2025
Q: Hello 5i Team,
I have been contemplating selling my PKI shares and putting the proceeds into CNQ to boost my dividend income in a non-registered account. Two questions: First, do you think this is a good swap based on the fundamentals/growth prospects of each company? Second, given yesterday's news regarding Simpson Oil's legal victory, should I wait to see if the rally in PKI's share price continues? Current market cap of PKI is $6.5B, but apparently PKI turned down an offer to buy the company last summer which would have valued the company at $8B. If another offer comes forward from Simpson following this legal victory, I'm thinking there may be significant more upside in the share price (the 52-week high for PKI is around $48). Your thoughts on selling PKI now vs. waiting?
Much appreciated,
Brian
Read Answer Asked by Brian on February 13, 2025
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