CALGARY — Fuel retailer Parkland Corp. says the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of...
CALGARY — Fuel retailer Parkland Corp. says the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers .
The locations for sale include ones operated under the Chevron, Ultramar, Pioneer and FasGas brands as well as the On the Run convenience store banner. Parkland chief financial officer Marcel Teunissen says the company has seen interest from individual buyers looking to own one site, as well as potential purchasers of multiple sites.The sale of the gas station locations is part of Parkland's broader goal to divest $500 million in non-core assets by the end of 2025.
Diamondback Energy beat first quarter profit estimates on Tuesday as the oil and gas firm benefited from higher oil production and better prices. Crude oil prices in the quarter mirrored the previous year as production cuts by OPEC+ countries offset lower demand, helping oil producers like Diamondback Energy. Quarterly oil production was at 24.8 millions of barrels , up about 10% up from the previous year and prices for oil was up 2.7% at $75.06 per barrel for the same period.
Parkland Corp. Prospective Buyers Parkland The Canadian Press Calgary-Based Company Convenience Store Marcel Teunissen
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