Engine Capital backs Simpson Oil's call for strategic review at Parkland

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Parkland Corp. News

Simpson Oil Ltd.,Parkland,Engine Capital LP

CALGARY — An activist investor has sent a letter to the board of directors at Parkland Corp. backing a call from the company's largest shareholder for a...

CALGARY — An activist investor has sent a letter to the board of directors at Parkland Corp. backing a call from the company's largest shareholder for a strategic review at the fuel retailer.

-- UK inflation slowed less than expected last month as fuel prices crept higher, prompting traders to further unwind bets on how many interest rate cuts the Bank of England will deliver this year.

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.

 

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