Feb. 8 at 10:15 PM
$SPH reading the 10K from Suburban Propane, this company really has me interested.
It generates the majority of its revenue from propane, a by product of petroleum refining. I am thinking that propane fuel supplies should be in good order for decades.
I was also thinking that solar power, in a way, benefits Suburban Propane. With populations potentially dispursing more into undeveloped areas where nat gas isn't available, propane is a viable option. Solar power and propane is an ideal off-grid energy solution.
That business is well developed and
$SPH is in a strong position.
They are also in position to increase their business in natural gas and electricity markets. They currently serve around 25,000 customers in the deregulated markets of New York and Pennsylvania. Only eight states are currently deregulated in both electricity and natural gas. It makes sense that
$SPH could stand to gain significant business if energy markets deregulate nation wide.
