The Globe and Mail reports in its Thursday edition that another shareholder is urging Calgary-based fuel retailer Parkland to put itself up for sale. The Globe's Jameson Berkow writes that New York hedge fund Engine Capital LP sent a letter to the company's board on Wednesday to express support for Simpson Oil's recent public request for a strategic review. Simpson Oil, which is Parkland's largest shareholder with a 19.7-per-cent ownership interest, called last week for the company to consider new ownership in what represents the latest salvo in a months-long governance dispute between the company and its most prominent investor. Parkland rejected Simpson's call for a potential sale in a statement earlier this week that said a strategic review was unnecessary. Engine, which owns roughly 2.5 per cent of Parkland and had previously led an activist campaign to convince the company to cut costs and sell assets, said that "Parkland has failed as a public company. We believe a sale of the company ... is likely to result in a transaction at a price that is superior to the present value of the current strategic plan," Engine said. "Parkland has simply not been able to achieve a proper valuation in the public markets."