"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
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.