Insiders Are Buying Parkland Fuel

Oct. 8.13 | About: Parkland Fuel (PKIUF)

In this article, I will feature one fuel distributor that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

The stock is purchased by three or more insiders within one month.

The stock is sold by no insiders in the month of intensive purchasing.

At least two purchasers increase their holdings by more than 10%.

Parkland Fuel Corporation (OTCPK:PKIUF) engages in marketing and distributing refined petroleum products to retail, commercial, wholesale, and home heating fuel customers in Canada.

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Insider buying during the last 30 days

  • Allan Willms purchased 136 shares on September 13-27, pursuant to a purchase/ownership plan. Allan Willms currently controls 3,222 shares or less than 0.1% of the company. Allan Willms is vice president, commercial fuels division, west. Allan Willms increased his holdings by 4.4% in September.
  • John Bechtold purchased 74 shares on September 13, pursuant to a purchase/ownership plan. John Bechtold currently holds 58,911 shares or less than 0.1% of the company. John Bechtold serves as a director of the company. John Bechtold increased his holdings by 0.1% in September.
  • Andrew Cruickshank purchased 122 shares on September 13-27, pursuant to a purchase/ownership plan. Andrew Cruickshank currently holds 1,020 shares or less than 0.1% of the company. Andrew Cruickshank is vice president finance. Andrew Cruickshank increased his holdings by 13.6% in September.
  • James Dinning purchased 113 shares on September 13, pursuant to a purchase/ownership plan. James Dinning currently holds 104,568 shares or 0.1% of the company. James Dinning serves as a director of the company. James Dinning increased his holdings by 0.1% in September.
  • Robert Espey purchased 606 shares on September 13, pursuant to a purchase/ownership plan. Robert Espey currently holds 68,496 shares or less than 0.1% of the company. Robert Espey is president and chief executive officer. Robert Espey increased his holdings by 0.9% in September.
  • Alain Ferland purchased 68 shares on September 13, pursuant to a purchase/ownership plan. Alain Ferland currently holds 60,909 shares or less than 0.1% of the company. Alain Ferland serves as a director of the company. Alain Ferland increased his holdings by 0.1% in September.
  • Bob Fink purchased 164 shares on September 13-27, pursuant to a purchase/ownership plan. Bob Fink currently controls 6,835 shares or less than 0.1% of the company. Bob Fink is vice president, general counsel, corporate secretary and human resources. Bob Fink increased his holdings by 2.5% in September.
  • Peter Kilty purchased 169 shares on September 13-27, pursuant to a purchase/ownership plan. Peter Kilty currently holds 2,971 shares or less than 0.1% of the company. Peter Kilty is vice president, retail. Peter Kilty increased his holdings by 6.0% in September.
  • Michael Lambert purchased 222 shares on September 13-27, pursuant to a purchase/ownership plan. Michael Lambert currently holds 6,043 shares or less than 0.1% of the company. Michael Lambert is senior vice president and chief financial officer. Michael Lambert increased his holdings by 3.8% in September.
  • Michael McMillan purchased 120 shares on September 13-27, pursuant to a purchase/ownership plan. Michael McMillan currently holds 999 shares or less than 0.1% of the company. Michael McMillan is vice president and treasurer. Michael McMillan increased his holdings by 13.7% in September.
  • James Pantelidis purchased 1,076 shares on September 13-18, pursuant to a purchase/ownership plan. James Pantelidis currently holds 240,512 shares or 0.3% of the company. James Pantelidis serves as a director of the company. James Pantelidis increased his holdings by 0.4% in September.
  • Irfhan Rawji purchased 170 shares on September 13-27, pursuant to a purchase/ownership plan. Irfhan Rawji currently holds 1,056 shares or less than 0.1% of the company. Irfhan Rawji is vice president of strategy and corporate development. Irfhan Rawji increased his holdings by 19.2% in September.
  • Ronald Rogers purchased 940 shares on September 13-30, pursuant to a purchase/ownership plan. Ronald Rogers currently holds 59,422 shares or less than 0.1% of the company. Ronald Rogers serves as a director of the company. Ronald Rogers increased his holdings by 1.6% in September.
  • William Rouse purchased 137 shares on September 13-27, pursuant to a purchase/ownership plan. William Rouse currently holds 2,648 shares or less than 0.1% of the company. William Rouse is vice president, commercial fuels east and lubricants. William Rouse increased his holdings by 5.5% in September.
  • Jane Savage purchased 155 shares on September 13-27, pursuant to a purchase/ownership plan. Jane Savage currently holds 5,056 shares or less than 0.1% of the company. Jane Savage is vice president wholesale and supply. Jane Savage increased her holdings by 3.2% in September.
  • David Spencer purchased 91 shares on September 13, pursuant to a purchase/ownership plan. David Spencer currently holds 25,851 shares or less than 0.1% of the company. David Spencer serves as a director of the company. David Spencer increased his holdings by 0.4% in September.
  • Donna Strating purchased 156 shares on September 13-27, pursuant to a purchase/ownership plan. Donna Strating currently controls 7,043 shares or less than 0.1% of the company. Donna Strating is vice president, administration and chief information officer. Donna Strating increased her holdings by 2.3% in September.

Financials

Parkland Fuel reported the second-quarter financial results on August 7, with the following highlights:

Revenue $1.3 billion
Net income $20.3 million
Cash $4.3 million
Debt $250.2 million
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Outlook

Parkland Fuel's goal is to double its EBITDA by 2016 from the 2011 level.

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Competition

Parkland competes with major integrated oil companies, other commercial fuel and propane marketers, convenience store chains, independent convenience stores, gas station operators, large and small food retailers, discount stores and mass merchants, many of which are well-established companies. In recent years, several non-traditional retail segments have entered the motor fuel retail business, including supermarkets, club stores and mass merchants. These non-traditional motor fuel retailers have obtained a significant share of the motor fuel market and this could grow in the future.

Parkland's competitors include Superior Plus (OTC:SUUIF). Superior Plus has seen intensive insider buying in August.

Conclusion

There have been 17 different insiders buying Parkland Fuel and there have not been any insiders selling Parkland Fuel during the past 30 days. Three of these 17 insiders increased their holdings by more than 10%. Parkland Fuel has an insider ownership of 2%.

Parkland Fuel is trading at a P/E ratio of 14.2 and the stock has a dividend yield of 5.7%. The 200-day moving average is currently at $17.43, which could be a good entry point for the stock.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.