Petro-Canada did up a good document for their investors outlining some of the key business drivers for their downstream business segment. Some of our more skeptical posters might want to call BS on it but keep in mind it's directed audience is investors who actually want them to make gobs of money. So there's little incentive to downplay margins.
http://www.petro-canada.ca/pdfs/inve..._April2008.pdf
Quote:
Rack to pump margins are generally very narrow, therefore a priority for Petro-Canada is
to increase revenue from non-petroleum products through leveraging its existing national
asset base. In addition, Petro-Canada continued to advance its position as a retail
market innovator with new offerings such as Neighbours and Glide Autowash.
Neighbours is a new retail concept that combines fresh food and coffee with
convenience products, services and fuel at a single location. Glide Autowash is a
completely re-engineered, high quality car wash offer that allows consumers to choose
between a touchless or cloth wash at the same facility.
|