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Parkland Fuel Corporation Posts Another Record in Third Quarter

- Traction on Parkland Penny Plan and Refining Margins Leads to Record EBITDA 
of $60.5 million - 
RED DEER, AB, Nov. 8, 2012 /CNW/ - Parkland Fuel Corporation ("Parkland" or 
the "Corporation") (TSX: PKI), Canada's largest independent distributor and 
marketer of fuels and lubricants, today announced the financial and operating 
results for the three and nine months ended September 30, 2012. 
Q3 2012 Operational Highlights: 


                  
                 For the three months ended For the nine months ended  
                       September 30,              September 30,
                  2012  2011       % Change  2012  2011      % Change
                                                                     

(in millions of                                                      
litres)

Total fuel       1,091 1,098            (1) 3,179 3,065             4
volume

Retail fuel        491   508            (3) 1,364 1,223            12
volume

Commercial fuel    343   403           (15) 1,120 1,308          (14)
volume*
                                                                     

(in millions of                                                      
Canadian
dollars)

Net earnings      31.8  24.5             30  75.2  36.5           106
                                                                     

EBITDA ((1))      60.5  43.0             41 157.8 114.9            37
                                                                     

Distributable     44.9  52.7           (15) 109.6 100.1             9
cash flow ((1)
(2))

Dividend to        38%   30%                  46%   44%              
distributable
cash flow payout
ratio

*Fuel volumes of 53.1 million litres and 154.2 million litres for the
three and nine months ended September
30 respectively were re-allocated from the commercial division to the
wholesale division in 2012.

Grow
    --  Volume down 7 million litres primarily due to planned closures
        in the Cango network that reduced Retail Fuel volumes by 10
        million litres partially offset by organic growth in other
        divisions;
    --  Diversification keeps commercial volumes relatively level with
        2011; and
    --  Subsequent to the quarter Shell lubricants distributor Magnum
        Oil was acquired adding approximately 6 million litres in
        annual lubricants volumes.

Supply
    --  Strong refiners' margins continued in the quarter;
    --  35 million litre (220,000 barrel) Bowden Terminal operational
        on schedule and on budget; and
    --  Three year (~30 million litres/year) terminal services
        agreement signed with Gibson Energy ULC for fracking fluid.

Operate
    --  34% year-over-year reduction in net unit operating costs due to
        reductions in operating costs, marketing general and
        administrative costs and improvements in non-fuel gross profit,
        with a third of the reduction due to the elimination of
        one-time items reported in 2011;
    --  Strong operating cash flow continues to improve balance sheet;
        and
    --  Give me Five! cost savings budgeted into 2013.

"Continued execution on Parkland's Penny Plan, coupled with strong refiners' 
margins, resulted in record earnings for the third quarter," said Bob Espey, 
President and Chief Executive Officer of Parkland. "Lower operating and 
administration costs and a seven percent increase in gross profit from our 
fuel marketing divisions led to great results for our base business."

"Organic volume growth has been lower this year due to planned retail 
closures, competitive pressures in certain markets, and lower drilling 
activity in Western Canada's oil and gas sector. However, we made progress 
this quarter on regaining lost volume from earlier in the year, adding net new 
volumes across all our divisions through the concerted efforts of our sales 
teams," added Mr. Espey.

Consolidated Highlights:
                    For the three months ended   For the nine months ended
                              September 30,                Sepember 30,

((in millions of
Canadian
dollars, except
volume and per )
(Share amounts))   2012    2011   % Change      2012    2011  % Change
    Income Statement Summary:

Sales and
operating
revenues         1,066.2 1,060.8          1   3,145.5 2,966.2         6

Gross profit       112.5   102.6         10     333.0   305.3         9

Operating costs     33.2    39.9         17     113.1   128.1        12

Marketing,
general and
administrative      18.5    20.6         10      57.8    64.5        10

Depreciation and
amortization
expense             12.3    14.3         14      38.7    51.7        25
                    48.5    27.8         74     123.4    61.0       102

Customer finance
income             (0.8)   (0.9)       (11)     (2.5)   (2.2)        14

Finance costs        4.6     8.9         48      16.1    26.2        39

Loss (gain) on
disposal of
property, plant
and equipment      (0.6)  (14.3)         96       0.1  (14.8)          

Realized risk
management loss      0.8       -                  5.3       -          

Unrealized risk
management loss      0.3       -                  1.5       -          

Earnings before
income taxes        44.2    34.1         30     102.9    51.8        99

Income tax
expense             12.4     9.6       (29)      27.7    15.3      (81)

Net earnings        31.8    24.5         30      75.2    36.5       106
    Net earnings per share

- Basic             0.48    0.41         16      1.14    0.62        85

- Diluted ((1))     0.44    0.36         23      1.08    0.57        87
                                                                       

Non-GAAP
Financial
Measures:                                                              

EBITDA((2)(3))      60.5    43.0         41     157.8   114.9        37

Distributable
cash flow((2)
(4))                44.9    52.7       (15)     109.6   100.1         9

Distributable
cash flow per
share ((2))         0.67    0.84       (20)      1.63    1.59         3

Dividends           17.1    16.0          6      50.5    44.2        14

Dividend to
distributable
cash flow payout
ratio ((2)(4))       38%     30%                  46%     44%          
                                                                       

Key Metrics:                                                           

Fuel volume
(millions of
litres)          1,091.0 1,098.0        (1)   3,179.0 3,065.0         4

Return on
capital employed
(ROCE)((2)(5))     23.9%   12.8%                                       

Net unit
operating cost
(NUOC)((2))         2.37    3.57         34      2.94    3.93        25

Employees          1,155   1,267        (9)                            
                                                                       

Fuel Key Metrics
- Cents per
litre:                                                                 

Average Retail
fuel gross
profit              4.36    4.69        (7)      4.77    5.09       (6)

Average
Commercial fuel
gross profit        8.54    7.30         17      9.55    8.48        13

Operating costs     3.04    3.63         16      3.56    4.18        15

Marketing,
general and
administrative      1.70    1.88         10      1.82    2.10        14

Depreciation and
amortization
expense             1.13    1.30         13      1.22    1.69        28
                                                                       

Liquidity and
bank ratios:                                                           

Net Debt:EBITDA
((2))               1.05    2.16                                       

Senior
Debt:EBITDA((2))    0.34    1.21                                       

Interest
coverage ((2))      7.06    2.90                                       

((1)) Diluted earnings (loss) per share can be impacted by an
anti-dilutive impact of conversion of
the debentures. Quarterly diluted earnings (loss) per share may
therefore not accumulate to the
same per share value as the year-to-date calculation.

((2)) Please refer to the Non-GAAP Measures section in the MD&A for
definitions.

((3)) Please see EBITDA discussion in the MD&A.

((4)) Please see Distributable Cash Flow reconciliation table in the
MD&A.

((5)) Please see ROCE discussion in the MD&A.



Parkland Penny Plan Update
The Parkland Penny Plan, announced on May 15, 2012, is targeting:
    --  Growth to seven billion litres in fuel volumes by 2016 through
        organic growth and acquisitions; and
    --  1 cent per litre in additional EBITDA margin by 2016 through
        economies of scale, better supply options, and efficiencies.

Penny Plan Scorecard Summary:

Area    Commitment     Analysis          2016       2012         2011
                                        Target
                       Regaining
                       Lost Ground
                       An 11 million
                       litre
                       improvement
                       over the
                       second
                       quarter. 
                       Year-to-date
                       base volumes
                       were down due
                       to planned
                       closures in
                       the Cango
                       network (10
                       million
                       litres), a
                       warm first
                       quarter, and  0.5        (15.7) YTD 224
        Organic        an early      billion    million    million
        growth         spring        litres     litres     litres
                       break-up in
                       the oil
                       patch. 
                       However,
                       strong sales


                   efforts in
Grow                   the 


                       commercial
                       and wholesale
                       areas have
                       begun to
                       offset these
                       volume
                       losses,
                       despite
                       challenging
                       conditions in
                       certain
                       regions.
                       Additional    2.5
                       volumes       billion
                       identified    litres
                       While no
                       major
                       acquisitions                        425 million
        Major          have been                           litres
        acquisitions   signed to                -          (annualized 
                       date, the                           volumes)
                       mergers and
                       acquisitions
                       environment
                       has become
                       increasingly
                       active. 
                       On Track
                       Parkland
                       remains on
                       track to
                       replace the
                       average
                       normalized
                       profit
                       (†) of
                       its refiners`
                       margin        100%


    Supply         contract by   Normalized
Supply  Margins        2014 through  profit     On Track   N/A 


                       the           plus 1/3
                       negotiation   cent
                       of supply
                       contracts,
                       supply
                       management,
                       and terminal
                       options. No
                       problems are
                       foreseen in
                       replacing the
                       volume.
                       Deeper
                       efficiencies
                       Operating
                       costs have
                       improved 6.1%
                       on a cpl
                       basis
        Operating      relative to   3.60 cpl   3.69 cpl*  3.93 cpl(*)
        costs          normalized               TTM
                       2011 costs
                       that were
                       adjusted for
                       one-time
                       items and the
                       acquisition
                       of Cango
                       Slow but
                       steady
                       progress on
                       MGA
                       Normalized
                       twelve


                   trailing
Operate Marketing,     months MG&A 


        General and    costs have               1.81 cpl*
        Administration decreased     1.59 cpl   TTM        1.92 cpl*
        costs          5.7% on a cpl
                       basis
                       relative to
                       normalized
                       2011 MGA
                       costs that
                       were adjusted
                       for one-time
                       items.
                       Safety
                       improves
                       During the
                       third quarter
        Lost Time      Parkland had
        Injury         two lost time Less than  0.44 YTD   1.80
        Frequency      injuries      0.75
                       compared with
                       six injuries
                       in the third
                       quarter of
                       2011.

* Normalized for Cango and one-time costs; (†)The average
annualized benefit under this contract excluding performance from
outlier years
Note: 2016 cost targets will be updated in the event of a significant
change to Parkland's business mix.
Abbreviations:  
        CPL = Cents per litre
        YTD = Year-to-date
        TTM = Trailing twelve months

This five year strategic plan aims to double 2011 normalized EBITDA of $125 
million by the end of 2016. (Normalized EBITDA ignores one-time costs and 
irregular profits). $70 million is expected to be derived through a one cent 
increase in EBITDA margin, $55 million is expected to be derived through 
acquisitions.

A more detailed explanation of the Parkland Penny Plan and the full scorecard 
can be found in this quarter's Management's Discussion and Analysis.

Reduced Distributable Cash Related to 2011 Disposal of Long-haul Trucking 
Assets
Q3 2012 vs. Q3 2011
Distributable cash flow decreased 15% to $44.9 million in the third quarter of 
2012 compared with $52.7 million in the third quarter of 2011. The decrease 
was primarily due to $22.3 million in proceeds from the disposal of Parkland's 
long-haul trucking assets in the third quarter of 2011, partially offset by a 
$17.5 million increase in EBITDA during the third quarter of 2012. As a 
result, the dividend payout ratio for the third quarter of 2012 was 38% 
compared with 30% in the third quarter of 2011.

Year-to-date ("YTD") 2012 vs. 2011
Distributable cash flow increased 9% to $109.6 million for the nine months 
ended September 30, 2012 compared with $100.1 million for the same period in 
2011. The increase was due to a $42.9 million year-over-year increase in 
EBITDA, a $10.1 million decrease in finance costs partially offset by a $20.1 
million decrease in proceeds on disposal of capital items, a $14.4 million 
increase in current income tax expense, and a $5.2 million increase in 
maintenance capital expenditures.

The dividend payout ratio for the nine months ended September 30, 2012 was 46% 
compared with 44% for the nine months ended September 30, 2011. The increase 
is principally due to a $6.2 million increase in dividend payments in the 
first three quarters of 2012 compared to the prior year.

Commercial Team Improves EBITDA despite Weakness in Oil and Gas Sector
Q3 2012 vs. Q3 2011
For the three months ended September 30, 2012, Parkland Commercial Fuels' 
volumes decreased 15% to 343 million litres compared with 403 million litres 
for the same period in 2011 primarily due to the reallocation of 53 million 
litres of high volume low margin accounts to the Wholesale, Supply and 
Distribution division, lower activity in the oil patch, partially offset by 
strong sales activities. When the reallocated wholesale volumes are added 
back to the Commercial Fuels results for a comparable basis with 2011, volumes 
are down by 2% in the third quarter.

Volatile commodity prices in Western Canada for natural gas and crude led to a 
draw back in oil field activity in the third quarter of 2012. The average 
rig utilization rate for the three months ended September 30, 2012 dropped to 
42% compared with 57% for the same period in 2011 according to the Canadian 
Association of Oilwell Drilling Contractors. However, strong sales activity 
helped Parkland Commercial Fuels maintain volumes, positioning Parkland well 
once commodity prices rebound in Western Canada.

Average net fuel gross profit on a cents per litre basis for the third quarter 
of 2012 was 8.54 cpl, an increase of 17% or 1.24 cpl compared with 7.30 cpl in 
the third quarter of 2011 due to the re-allocation of high-volume, low-margin 
accounts to the Wholesale, Supply, and Distribution Division.

YTD 2012 vs. 2011 
For the nine months ended September 30, 2012, Parkland Commercial Fuels' 
volumes decreased 14% to 1,120 million litres compared with 1,308 million 
litres for the same period in 2011 due to the reallocation of 154 million 
litres of high volume low margin accounts to the Wholesale, Supply and 
Distribution division, the loss of volumes during the first quarter due to 
warmer than normal weather, and a pullback in oil and gas activity resulting 
in reductions in same client sales.

Average net fuel gross profit on a cents per litre ("cpl") basis for the nine 
months ended September 30, 2012 was 9.55 cpl, an increase of 13% or 1.07 cpl 
compared with 8.48 cpl for the same period of 2011. The year to date increase 
is due to the same reasons described for the quarter.

Divisional Outlook
Lower realized pricing for natural gas and crude oil in the Western Canadian 
Sedimentary Basin continues to affect the exploration and production 
community. Overall, management continues to expect drilling activities to 
remain below 2011 levels for the remainder of 2012.

Strong sales efforts in other areas across Canada, and in other industries, 
are expected to offset further reductions in a similar fashion as they did for 
the third quarter. More than 145 million litres in annual new fuel business 
and 5 million litres in annual new lubricant sales have been added across 
Canada year-to-date.

Subsequent to the end of the third quarter of 2012, Parkland purchased Magnum 
Oil, a Shell lubricants distributor based in Manitoba, adding approximately 2 
million litres in direct sales volumes, and 4 million litres in Shell 
delivered business. This new branch will allow Parkland to better serve 
national customers.

Retail Team Delivers Improved EBITDA despite Margin Pressure from Rising Oil 
Prices
Q3 2012 vs. Q3 2011
For the three months ended September 30, 2012, Parkland Retail Fuels' volumes 
decreased 3% to 491 million litres compared with 508 million litres for the 
same period in 2011. The decrease was the result of a 10 million litre 
reduction in volume contribution from the Cango network due to site 
rationalization, temporary closures for the purpose of upgrades, competitive 
pressures in certain markets, partially offset by network growth in Parkland's 
company-owned and dealer network.

The third quarter of 2012 financial results for Parkland Retail Fuels were 
favourably impacted by lower costs that helped offset the contraction in 
volumes described above and the impact of rising crude prices on margins 
during the period.

Average gross profit on a cents per litre basis decreased by 7% to 4.36 cpl in 
the third quarter of 2012 compared with 4.69 cpl in the third quarter of 2011 
due to an increase in the proportion of dealer operated sites versus company 
owned sites coupled with the impact of rising crude prices through the quarter.

The proportion of dealer operated sites increased in the quarter due to 
closures in company owned sites and the conversion of company owned sites to 
dealer operated sites. Rising crude prices impact margins by increasing the 
wholesale prices of petroleum products, which in turn creates increased 
pressure on the wholesale to retail marketing margin as increases in the 
"street" price for fuel products often lags increases in the wholesale price 
of petroleum products.

YTD 2012 vs. 2011
For the nine month period ended September 30, 2012, Parkland Retail Fuels' 
volumes increased 12% to 1,364 million litres compared with 1,223 million 
litres in 2011. The increase was the result of 130 million litres in 
additional fuel volumes attributable to the acquisition of Cango.

Retail Fuels' gross profit decreased by 6% to 4.77 cpl for the nine months 
ended September 30, 2012 compared with 5.09 cpl for the same period of 2011 
which reflects the addition of Cango`s Ontario locations to Parkland`s results 
in the first two quarters of 2012 and the impact of rising crude prices in the 
third quarter. Cango`s network is dominated by dealers, and its locations 
have higher volume throughput but lower margin compared to Parkland`s Western 
network.

Divisional Outlook
Margins, volumes, and cost management continue to dictate the performance of 
Parkland's Retail Division. The retail management team will continue to 
manage prudently, and will work towards signing additional business over the 
remainder of 2012.

Refiners' Margins Continued at Historic Highs in Third Quarter
Wholesale, Supply and Distribution is responsible for managing Parkland's fuel 
supply contracts, purchasing fuel from refiners, distribution through third 
party long-haul carriers, and serving wholesale and reseller customers. This 
division includes profits from Parkland's participation in refiners' margins, 
profits derived through superior supply management, and profits from wholesale 
fuel sales.

Q3 2012 vs. Q3 2011
For the three months ended September 30, 2012 Parkland Wholesale, Supply and 
Distribution fuel volumes (factoring out intersegment sales) increased 37% to 
257 million litres compared with 187 million litres for the same period in 
2011 primarily due to the reallocation of 53 million litres of high-volume 
low-margin accounts from Commercial Fuels and organic volume growth due to the 
division's sales activities.

Fuel gross profits for the three months ended September 30, 2012 increased 29% 
to $36.0 million compared with $28.0 million for the same period in 2011 
primarily due to increased refiners' margins, supply management activities and 
wholesale profits.

Parkland recorded a $1.1 million expense related to put option contracts put 
in place to hedge and secure a portion of the future economic benefit that 
Parkland receives on its refiners' margins based contract. This is expected 
to protect against the potential earnings volatility that would be caused by a 
normalization of refiners' margins from their current highs. Refiners' 
margins refer to the profit made between the cost of the crude oil required to 
produce fuel and the wholesale price received by refiners for the fuel they 
sell.

YTD 2012 vs. 2011 
Fuel gross profits from Parkland Wholesale, Supply and Distribution for the 
nine month period ended September 30, 2012 increased 40% to $83.6 million 
compared with $59.8 million in 2011 primarily due to historically high 
refiners' margins in 2012.

Divisional Outlook
Fuel supplies are expected to be sufficient in all Canadian markets for the 
remainder of 2012.

Refiner's margins for gasoline continued to exceed the historical five year 
maximum during the first half of October. Diesel refiners' margins were 
below the five year maximum in the first part of October, but still in the 
upper half of the five year range.

Should conditions be favourable, Parkland may enter into additional protective 
put options to hedge and secure a portion of the future economic benefit that 
Parkland receives on its refiners' margins based contract for future periods.

To date in 2012, weak mid-continent and Canadian crude prices relative to 
Brent crude prices have driven strong refiners' margins. This is primarily 
due to a bottleneck in transportation infrastructure, preventing mid-continent 
and Canadian crude from reaching international markets. Future pipeline and 
rail capacity may increase access to international markets for mid-continent 
crude, thereby reducing the price differential to Brent, and subsequently may 
narrow mid-continent refiners' margins. However, the timing of the approval 
and subsequent construction of pipelines remains a matter of speculation. For 
now, the cash flow from current refiners' margins is being used by Parkland to 
pay down debt, and prepare the balance sheet for future acquisitions.

Operating Costs Improve in Absence of One-time Items 
Q3 2012 vs. Q3 2011
Operating and direct costs decreased by 17% to $33.2 million (3.0 cpl) for the 
three months ended September 30, 2012, compared with $39.9 million (3.6 cpl) 
for the three months ended September 30, 2011. The three months ended 
September 30, 2011 included a $5.0 million charge for aging receivables and 
other provisions. In addition, operating and direct costs decreased due to 
Retail Fuels cost controls and the sale of the long-haul trucking assets, as 
Parkland no longer incurs the costs of maintaining a long-haul fleet.

YTD 2012 vs.2011
Operating and direct costs decreased by 12% to $113.1 million (3.6 cpl) in the 
nine months ended September 30, 2012, compared with $128.1 million (4.2 cpl) 
for the same period in 2011. Operating and direct expenses decreased 
primarily for the same reasons described above.

Steady Progress in Reducing Marketing, General and Administrative Costs 
Q3 2012 vs. Q3 2011
Marketing, general and administrative expenses decreased 10% to $18.5 million 
(1.7 cpl) in the third quarter of 2012 compared with $20.6 million (1.9 cpl) 
in the third quarter of 2011. Marketing, general and administrative costs 
decreased throughout the Corporation principally as a result of enhanced cost 
control.

YTD 2012 vs. 2011
Marketing, general and administrative expenses decreased 10% to $57.8 million 
(1.8 cpl) in the nine months ended September 30, 2012, compared with $64.5 
million (2.1 cpl) for the nine months ended September 30, 2011. The decrease 
in marketing, general and administrative expense is due in part to one-time 
expenses in 2011 of $3.3 million related to management changes and Cango 
acquisition costs. Auditing and consulting costs were also lower 
year-to-date in 2012 compared with 2011 due to activities related to IFRS 
conversion in 2011.

EBITDA Rises by 41 Percent 
Q3 2012 vs. Q3 2011
EBITDA for the third quarter of 2012 increased by 41% to $60.5 million 
compared with $42.9 million in the third quarter of 2011. The increase in 
EBITDA is the result of higher refiner's margins and cost reductions in the 
third quarter of 2012, compared with the third quarter of 2011.

YTD 2012 vs. 2011
EBITDA for the nine month period ended September 30, 2012 was $157.8 million, 
an increase of 37% compared with $114.9 million for the nine month period 
ended September 30, 2011 mainly due to higher fuel volumes, improved refiners' 
margins, and cost reductions.

Net earnings Increase to $31.8 million Establishing New Record
Q3 2012 vs. Q3 2011
Parkland's net earnings in the third quarter of 2012 were $31.8 million, an 
increase of $7.3 million compared with net earnings of $24.5 million in the 
third quarter of 2011. The increase in net earnings in the third quarter of 
2012 compared with the prior year was due to a $17.6 million increase in 
EBITDA, a $2.1 million decrease in depreciation and amortization and a $4.3 
million decrease in finance costs, partially offset by a $2.8 million increase 
in income taxes and a $13.7 million decrease in gains from the sale of assets 
which relates to the proceeds from the disposal of Parkland's long-haul 
trucking assets in the third quarter of 2011.

YTD 2012 vs. 2011 
Net earnings for the nine months ended September 30, 2012 were $75.3 million, 
an increase of $38.8 million compared with $36.5 million in 2011. The 
increase in net earnings was primarily due to $42.9 million in increased 
EBITDA, $10.2 million in decreased finance costs, $13.0 million in lower 
depreciation and amortization, partially offset by a $12.4 million increase in 
income taxes and a $14.9 million decrease in gains from the sale of assets.

MD&A and Financial Statements
Management's Discussion and Analysis, the unaudited Consolidated Financial 
Statements, and the Notes to the Consolidated Financial Statements for the 
three and nine months ended September 30, 2012 are available online at 
www.parkland.ca.

Conference Call Information
Parkland Fuel Corporation will host a webcast and conference call on Friday 
November 9, 2012 at 1:00 p.m. MST (3:00 p.m. EST) to discuss the results.

President and CEO Bob Espey and Senior Vice President and CFO Mike Lambert 
will discuss Parkland's financial results for the quarter and then take 
questions from securities analysts, brokers and investors.

Please log into the webcast slide presentation 10 minutes before the start 
time at: 
http://www.snwebcastcenter.com/custom_events/parkland-20121109/site/index.php

To access the conference call by telephone from within Canada dial toll free 
1-888-241-0394. International callers or callers from the Toronto area 
should use (647) 427-3413. Please connect approximately 10 minutes prior to 
the beginning of the call and quote the conference ID: 5145 7351.

The webcast will be available for replay two hours after the conference call 
ends. It will remain available at the link above for 90 days.

Forward Looking Information
Certain information included herein is forward-looking. Forward-looking 
statements include, without limitation, statements regarding Parkland's future 
financial position, business and growth strategies, including the manner in 
which such strategies will be implemented, budgets, projected costs, sources 
of growth, capital expenditures, financial results, taxes, future acquisitions 
and the efficiencies to be derived therefrom, effectiveness of internal 
controls, sources of funding for growth capital expenditures, anticipated 
dividends and the amount thereof, if any, to be declared by Parkland Fuel 
Corporation, and plans and objectives of or involving Parkland. Many of these 
statements can be identified by looking for words such as "believe", 
"expects", "expected", "will", "intends", "projects", "projected", 
"anticipates", "estimates", "continues", or similar words and include, but are 
not limited to, statements regarding the accretive effects of acquisitions and 
the anticipated benefits of acquisitions. Parkland believes the expectations 
reflected in such forward-looking statements are reasonable but no assurance 
can be given that these expectations will prove to be correct and such 
forward-looking statements should not be unduly relied upon. Forward-looking 
statements are not guarantees of future performance and involve a number of 
risks and uncertainties some of which are described in Parkland's annual 
report, annual information form and other continuous disclosure documents. 
Such forward-looking statements necessarily involve known and unknown risks 
and uncertainties and other factors, which may cause Parkland's actual 
performance and financial results in future periods to differ materially from 
any projections of future performance or results expressed or implied by such 
forward-looking statements. Such factors include, but are not limited to: 
general economic, market and business conditions; industry capacity; 
competitive action by other companies; refining and marketing margins; the 
ability of suppliers to meet commitments; actions by governmental authorities 
including increases in taxes; changes in environmental and other regulations; 
and other factors, many of which are beyond the control of Parkland. Any 
forward-looking statements are made as of the date hereof and Parkland does 
not undertake any obligation, except as required under applicable law, to 
publicly update or revise such statements to reflect new information, 
subsequent or otherwise.

About Parkland Fuel Corporation
Parkland Fuel Corporation is Canada's largest independent marketer and 
distributor of petroleum products, managing a nationwide network of sales 
channels. We are Canada's local fuel company, delivering gasoline, diesel 
fuel, lubricants, heating oil and other products to businesses, consumers and 
wholesale customers through community based operators who care.



For investor and media inquiries please contact Tom McMillan, Director  of 
Corporate Communications attom.mcmillan@parkland.ca or 1-800-662-7177 ext 
2533. To sign up for Parkland's investor  information services, please go 
tohttp://bit.ly/PKI-Info or visitwww.parkland.ca.

SOURCE: Parkland Fuel Corporation

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/08/c6395.html

CO: Parkland Fuel Corporation
ST: Alberta
NI: RET ERN CONF 

-0- Nov/08/2012 22:00 GMT


 
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