Steven Richardson - Parkland Fuel Independent Director

PKI Stock  CAD 36.74  0.67  1.86%   

Director

Mr. Steven P. Richardson serves as Independent Director of the Company. Mr. Richardson is currently a Corporationrationrate Director. Prior to that, he was the Chief Financial Officer and director of Hudsons Bay Company. Prior to joining the Hudsons Bay Company in 2003, he was the Chief Financial Officer at Wells Fargo Financial Canada and Chief Financial Officer and director at Associates Financial Services of Canada and Beneficial Canada Inc. He began his career at Imperial Oil Limited, with various positions in the corporate finance and controllers departments. Mr. Richardson holds a Certified Management Accountant designation, is a graduate of the University of Toronto, and completed the Senior Executive Leadership Program at Columbia University. Mr. Richardson was a member of the Board of Directors of RONA Inc. from 2013 to 2016 and served as a member of the Audit Committee starting in 2013, the Human Resource and Compensation Committee starting in 2014, and various strategic review committees between 2013 and 2016. From 2010 to 2013, he was a member of the Board of Directors, as well as Chair of the Corporationrationrate Governance and Compensation Committee and a member of the Audit Committee of Sterling Shoes Inc., and a director of easyhome Ltd. From June 2011 to December 2011 including CoChair of its Compensation Committee, chair of its Special Committee and member of its Audit Committee. As a member of Parklands Audit Committee, Mr. Richardson is considered financially literate. since 2017.
Age 59
Tenure 7 years
Address 240-4 Avenue SW, Calgary, AB, Canada, T2P 4H4
Phone403-567-2500
Webhttps://www.parkland.ca

Parkland Fuel Management Efficiency

The company has return on total asset (ROA) of 0.0358 % which means that it generated a profit of $0.0358 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0754 %, meaning that it generated $0.0754 on every $100 dollars invested by stockholders. Parkland Fuel's management efficiency ratios could be used to measure how well Parkland Fuel manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Parkland Fuel's Return On Tangible Assets are very stable compared to the past year. As of the 29th of November 2024, Return On Capital Employed is likely to grow to 0.18, while Return On Assets are likely to drop 0.03. At this time, Parkland Fuel's Return On Tangible Assets are very stable compared to the past year. As of the 29th of November 2024, Fixed Asset Turnover is likely to grow to 6.90, though Net Tangible Assets are likely to grow to (685.7 M).
Parkland Fuel has accumulated 6.36 B in total debt with debt to equity ratio (D/E) of 2.03, implying the company greatly relies on financing operations through barrowing. Parkland Fuel has a current ratio of 1.11, suggesting that it may have difficulties to pay its financial obligations in time and when they become due. Debt can assist Parkland Fuel until it has trouble settling it off, either with new capital or with free cash flow. So, Parkland Fuel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Parkland Fuel sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Parkland to invest in growth at high rates of return. When we think about Parkland Fuel's use of debt, we should always consider it together with cash and equity.

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Parkland Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada, the United States, and internationally. The company was founded in 1977 and is headquartered in Calgary, Canada. PARKLAND FUEL operates under Oil Gas Refining Marketing classification in Canada and is traded on Toronto Stock Exchange. It employs 4635 people. Parkland Fuel (PKI) is traded on Toronto Exchange in Canada and employs 28 people. Parkland Fuel is listed under Other Specialty Retail category by Fama And French industry classification.

Management Performance

Parkland Fuel Leadership Team

Elected by the shareholders, the Parkland Fuel's board of directors comprises two types of representatives: Parkland Fuel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parkland. The board's role is to monitor Parkland Fuel's management team and ensure that shareholders' interests are well served. Parkland Fuel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Parkland Fuel's outside directors are responsible for providing unbiased perspectives on the board's policies.
Domenic Pilla, Independent Director
Steven Richardson, Independent Director
Tariq Remtulla, General VP
Ian White, Senior Vice President - Strategic Marketing & Innovation
Deborah Stein, Independent Director
Valerie Roberts, Director Relations
Lisa Colnett, Independent Director
Pierre Magnan, Interim Senior Vice President - Supply and Trading of Parkland
David Spencer, Independent Director
Stephanie McDonald, Senior Vice President - People & Culture of Parkland
Brad CFA, Director Markets
Marcel Teunissen, Chief Officer
Colin Kilty, Senior Projects
Darren Smart, Interim Chief Financial Officer, Senior Vice President - Strategy & Corporate Development
Simon Scott, Director Communications
Dirk Lever, Vice Markets
Ryan Krogmeier, Senior Vice President, Supply, Trading and Refining and Health, Safety and Environment (HSE)
Timothy Hogarth, Independent Director
CGMA ACMA, Vice Management
Donna Sanker, President of Parkland Canada
C Kilty, Vice President - Operations, Retail and Commercial Fuels
Uwe Stueckmann, Senior Innovation
Robert Espey, CEO and President and Non-Independent Director
James Pantelidis, Independent Chairman of the Board
Ferio Pugliese, Health, Culture
Douglas Haugh, President - Parkland USA
Christy Elliott, Vice President Senior General Counsel and Corporate Secretary
John Bechtold, Independent Director

Parkland Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Parkland Fuel a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Parkland Fuel

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parkland Fuel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parkland Fuel will appreciate offsetting losses from the drop in the long position's value.

Moving against Parkland Stock

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The ability to find closely correlated positions to Parkland Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parkland Fuel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parkland Fuel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parkland Fuel to buy it.
The correlation of Parkland Fuel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parkland Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parkland Fuel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parkland Fuel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Parkland Stock

Parkland Fuel financial ratios help investors to determine whether Parkland Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parkland with respect to the benefits of owning Parkland Fuel security.