IMPERIAL OIL LTD. $44

IMPERIAL OIL LTD. $44 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 847.6 million; Market cap: $37.3 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.3%; TSINetwork Rating: Average; www.imperialoil.ca) is selling its 497 company-owned Esso gas stations to independent operators for $2.8 billion. Following… Read More

IMO sells Esso stations

IMPERIAL OIL LTD. $44 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 847.6 million; Market cap: $37.3 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.3%; TSINetwork Rating: Average; www.imperialoil.ca) is selling its 497 company-owned Esso gas stations to independent operators for $2.8 billion. Following… Read More

Pat: I bought a few shares of Parkland Fuel in my RRSP back in 2009. It has given me a solid return. What is your recommendation on this stock going forward? Thanks.

Parkland Fuel Corp., $26.35, symbol PKI on Toronto (Shares outstanding: 82.6 million; Market cap: $2.2 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel-distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation… Read More

Hi Pat: Could you give us an update on Parkland Fuels? They are continuing to make acquisitions, and the stock continues to rise. Would you consider it a buy now? Regards.

Parkland Fuel Corp., $22.18, symbol PKI on Toronto (Shares outstanding: 75.0 million; Market cap: $1.7 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying… Read More

Hello again Pat: I bought Parkland Fuel Corp. about 18 months ago and have enjoyed the wonderful yield and am up 60% on the stock value. I am tempted to realize my capital gain. What are your thoughts on this stock?

A: Parkland Fuel Corp., $19.56, symbol PKI on Toronto (Shares outstanding: 67.7 million; Market cap: $1.3 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel distribution business, mostly in western Canada and Ontario.

The company was called Parkland Income Fund prior to its conversion to… Read More