Amanda Stephenson, The Canadian PressBill Harris, partner and portfolio manager at Avenue Investment Management, joins BNN Bloomberg to discuss Canadian large and mid-caps.
He said this was in spite of Parkland’s Burnaby refinery operating smoothly, with a strong utilization rate. “In terms of the dynamics that are causing the crack spreads to come down, there is a period here where we’re seeing lots of supply, so the market is sloppy,” said Espey. For its own third quarter, Parkland reported its earnings declined by 60 per cent year-over-year, from $230 million in 2023 to $91 million in the third quarter of 2024.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Global refinery market weakness hits Parkland Corp.'s Burnaby refineryCALGARY — Fuel retailer Parkland Corp. lowered its full-year earnings forecast Thursday, as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Global refinery market weakness hits Parkland Corp.’s Burnaby facilityThe Calgary-headquartered company is experiencing similar challenges to refiners worldwide.
Herkunft: GlobalCalgary - 🏆 50. / 61 Weiterlesen »
Global refinery market weakness hits Parkland Corp.'s Burnaby refineryCALGARY — Fuel retailer Parkland Corp. has lowered its full-year earnings forecast as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.
Herkunft: PGCitizen - 🏆 65. / 51 Weiterlesen »
Global refinery market weakness hits Parkland Corp.'s Burnaby refineryCALGARY — Fuel retailer Parkland Corp. has lowered its full-year earnings forecast as sluggish market conditions continue to take a bite out of margins at the company's Burnaby, B.C. refinery.
Herkunft: BurnabyNOW_News - 🏆 14. / 77 Weiterlesen »
Parkland lowers full-year earnings forecast as global refinery market weakness weighsParkland is experiencing similar challenges to refiners worldwide, as the industry deals with a glut of fuel supply and weak global economic conditions that have reduced demand
Herkunft: globebusiness - 🏆 31. / 66 Weiterlesen »