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.
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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.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »
Global refinery market weakness hits Parkland Corp.’s Burnaby facilityThe Calgary-headquartered company is experiencing similar challenges to refiners worldwide.
Источник: GlobalCalgary - 🏆 50. / 61 Прочитайте больше »
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.
Источник: PGCitizen - 🏆 65. / 51 Прочитайте больше »
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.
Источник: BurnabyNOW_News - 🏆 14. / 77 Прочитайте больше »
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
Источник: globebusiness - 🏆 31. / 66 Прочитайте больше »