Earnings
September 27, 2020 - CSH.UN
New! Chartwell Retirement Residences REIT - Q2-2020 Earnings, Price Target Updat .....
September 25, 2020 - PKI
Parkland Fuel Corp. Q2-2020 Earnings, Price Target Update .....
September 24, 2020 - BRE
Bridgemarq Real Estate Services - Q2-2020 Earnings, Price Target Update .....
September 23, 2020 - SPB
Superior Plus Corp. - Q2-2020 Earnings & Price Target Update .....
September 20, 2020 - NFI
NFI Group Inc. Q2-2020 Earnings, Price Target Update .....
September 18, 2020 - CU
Canadian Utilities Ltd Q2-2020 Earnings, Price Target Update .....
September 15, 2020 - EMA
Emera Inc. - Q2-2020 Earnings, Price Target Update .....
September 14, 2020 - FTS
Fortis Inc. Q2-2020 Earnings, Price Target Update .....
Recommendation Changes
BRE, SPB, NTR, CNQ, SU, more...

Superior Plus Corp. - Q1-2020 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Superior Plus Corp (SPB) operates in two segments; Energy Services and Specialty Chemicals. The significant portion of Energy Services revenues are earned from the sale of propane, heating oil and other refined fuels to residential, commercial, industrial and wholesale customers in Canada and the US. The Specialty Chemicals segment produces sodium chlorate for the pulp and paper industries and is a regional supplier of potassium and chlor-alkali chemicals to industrial customers and the upstream petroleum sector. Approximately 65% of earnings are from the fuels segment and 35% from chemicals. Approximately 40% of revenues are in Canadian dollars and 60% in USD. A greater portion of revenues are earned in the winter quarters for energy services. Revenues are spread evenly throughout the year for the chemicals segment. Canwest Propane was acquired from Gibsons Energy (GEI) for $400M in Mar-2017. The next largest acquisition has been NGL Propane for $1.2B in Jul-2018. In Nov-2014 the monthly dividend was increased by 20% to $0.06 per share from $0.05 per share.

On Jun-15-2020 Brookfield Asset Management(BAM.A) invested US$260M (C$350M) in a private placement of preferred shares paying monthly cash dividend of 7.25% per annum through to Jun-30-2027. The shares may be exchanged, at Brookfield's option, into Superior at a Canadian dollar equivalent price of $11.63 per common share. Brookfield will have the right to nominate one director to Superiors board so long as its ownership on an as-exchanged basis is greater than 7.5% of the outstanding common shares. If exchanged Brookfield would own 30M common shares or 17% of the outstanding common shares as of Jun-30-2020.

Acquisitions – Dispositions

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
September 25, 2020
New! Coverage Universe - Weekly Price Change: Sept 18-25, 2020
September 18, 2020
Coverage Universe - Weekly Price Change: Sept 11-18, 2020
September 11, 2020
Coverage Universe - Weekly Price Change: Sept 4-11, 2020
September 4, 2020
Coverage Universe - Weekly Price Change: Aug 28-Sept 4, 2020
August 29, 2020
Coverage Universe - Weekly Price Change: Aug 21-28 , 2020
August 28, 2020
BSR REIT - 5% Convertible Debenture New Issue
August 26, 2020
ECN Capital Corp. 6% Redeemable Debentures New Issue
August 21, 2020
Coverage Universe - Weekly Price Change: Aug 14-21, 2020