Market Chatter: Parkland Top Riskless Return on Record Oil Gap; PKI Near Yr Highs

By Staff,

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"Parkland Fuel Corp. (PKI.TO), Canada's largest independent fuel distributor, has posted the best risk-adjusted return among the country's energy stocks as it reaps the rewards of the world's cheapest crude," Bloomberg reported.

It reported: "Parkland outperformed all other 61 members in the Standard & Poor's/TSX Energy Index in the 12 months through Feb. 8, returning 3% after adjusting for price swings according to the Bloomberg Riskless Return Ranking. The Red Deer, Alberta-based company, which sells gasoline, diesel, propane and lubricants, has surged 46% over the same period, the second-best performing stock in the energy index."

It reported: "Parkland has been taking advantage of the discount between Western Canadian Select crude and North American benchmark West Texas Intermediate, which reached as much as $42.50 last year. The company has also benefited from a contract with Suncor Energy Inc (SU.TO), in which it shares a portion of Suncor's refining margins."

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This article appears in: Investing Commodities
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