{"id":32065,"date":"2013-11-12T12:00:25","date_gmt":"2013-11-12T18:00:25","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=32065"},"modified":"2013-11-13T13:24:04","modified_gmt":"2013-11-13T19:24:04","slug":"canadian-fuel-supplier-buys-spf","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=32065","title":{"rendered":"Canadian Fuel Supplier Buys SPF"},"content":{"rendered":"<p>\u00a0<a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-32090\" alt=\"shortstopgas\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas-300x300.jpg\" width=\"300\" height=\"300\" srcset=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas-300x300.jpg 300w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas-150x150.jpg 150w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas-175x175.jpg 175w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2013\/11\/shortstopgas.jpg 480w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>(AP)\u00a0 A Canadian fuel supplier and reseller plans to enter the U.S. market with a $110 million purchase of a North Dakota fuel distribution business.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Red Deer, Alberta-based Parkland Fuel Corp. says it is buying all outstanding shares of SPF Energy Inc. for $89 million IN cash and about $21 million in common shares of Parkland.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The transaction is expected to close on Jan. 1.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Parkland CEO Bob Espey says the company&#8217;s strategy is to grow in areas with strong future prospects where it can add value through strong supply capability.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Minot-based SPF Energy is the parent company of Farstad Oil Inc. and Superpumper Inc.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The company supplies 300 million gallons of refined petroleum products including gasoline, distillates and lubricating oils throughout North Dakota, Montana, Minnesota, South Dakota and Wyoming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0(AP)\u00a0 A Canadian fuel supplier and reseller plans to enter the U.S. market with a $110 million purchase of a North Dakota fuel distribution business. \u00a0 \u00a0\u00a0\u00a0\u00a0 Red Deer, Alberta-based Parkland Fuel Corp. says it is buying all outstanding shares of SPF Energy Inc. for $89 million IN cash and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":32157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-32065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/32065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32065"}],"version-history":[{"count":4,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/32065\/revisions"}],"predecessor-version":[{"id":32158,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/32065\/revisions\/32158"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/32157"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32065"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}