Topic: How To Invest

Q: Pat, what do you think about Parkland Corp., and more specifically, its purchase of M&M Food? Thanks.

Article Excerpt

A: Parkland Corp., $33.01, symbol PKI on Toronto (Shares outstanding: 152.2 million; Market cap: $5.1 billion; www.parkland.ca), is a Calgary-based marketer, distributor, and refiner of fuel and petroleum products in Canada, the U.S. and internationally. The company’s Canadian segment supplies and supports a coast-to-coast network of 1,994 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, and Pioneer banners. It also operates convenience stores under the On the Run/Marche Express brand. Additionally, in Canada, it offers bulk fuel, bulk and cylinder-exchange propane, heating oil, lubricants, and other related products and services to commercial, industrial, and residential customers in various industries. The International segment operates 655 retail service stations under the Esso, Shell, and Sol brands; and delivers and supplies gasoline, diesel, fuel oil, propane, and lubricants to customers in various sectors, including power, oil and gas, and mining. The U.S. segment operates a network of 632 gas stations; and delivers bulk fuel, lubricants, and other related products and services under the Farstad…