|Bid||26.39 x N/A|
|Ask||26.40 x N/A|
|Day's Range||26.25 - 26.50|
|52 Week Range||16.90 - 26.56|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||23.70|
|Earnings Date||Mar 2, 2020 - Mar 6, 2020|
|Forward Dividend & Yield||1.32 (5.02%)|
|1y Target Est||27.77|
Gibson Energy Inc. (“Gibson” or the “Company”) (GEI.TO), announced today that its Board of Directors has approved a 2020 growth capital expenditure budget of approximately $300 million, comprised predominantly of sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $25 million in replacement capital expenditures. “Gibson’s ability to continue growing our long-term infrastructure businesses, ensuring we meet or exceed our distributable cash flow per share growth targets despite the egress challenges facing western Canada, speaks to the strength of our asset base and our transition into a commercial, execution-focused organization,” said Steve Spaulding, President and Chief Executive Officer.
The project announced this week that will supply more Canadian crude out into the market by rail involves an energy logistics company (US Development) (NYSE: USDP), a Canadian oil infrastructure company (Gibson Energy) (TSX:GEI.TO), a major oil company (ConocoPhillips) and two railroads (Canadian Pacific (NYSE: CP) and Kansas City Southern (NYSE: KSU)). Here's how it will work, according to an announcement by Gibson and USD. One of the limitations to how much Canadian crude by rail that can be sent into the U.S. is that the usually heavy crude after coming out of the ground needs to be blended with a diluent, a category of products that includes all sorts of light petroleum grades.
Some of Canada's sludge-like heavy oil will move in an even thicker form on railways in an effort to avoid pipeline bottlenecks and reduce risks. Gibson Energy Inc and US Development Group (USD) said on Tuesday they would build a diluent recovery unit at Hardisty, Alberta in a joint venture.
US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (GEI.TO) jointly announced today an agreement to construct and operate a diluent recovery unit (DRU) near Hardisty, Alberta, Canada. ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific (CP) (CP.TO) (CP.TO) and Kansas City Southern Railway Company (KCS) (KSU) to the U.S. Gulf Coast.
CALGARY, Alberta , Nov. 04, 2019 -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of.
CALGARY, Alberta, Nov. 04, 2019 -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today its financial and operating results for the three and nine months.
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CALGARY, Alberta, Oct. 07, 2019 -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today it expects to release its 2019 third quarter financial and.
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Moody's Investors Service (Moody's) assigned a Ba2 rating to Gibson Energy Inc.'s (Gibson) C$500 million senior unsecured notes due 2029. All of Gibson's other ratings remain unchanged, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, Ba2 senior unsecured notes rating and the SGL-3 Speculative Grade Liquidity Rating.
Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its outstanding $300 million 5.375% senior unsecured notes due July 15, 2022 (the “2022 Notes”), to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes. The Notes have been assigned ratings of “BBB–” by S&P Global Ratings and “BBB (low)” with a “Stable” trend by DBRS Limited.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gibson Energy Inc. Toronto, September 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gibson Energy Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The offering of the Notes is expected to close on or about September 17, 2019, subject to customary closing conditions. Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its outstanding $300 million 5.375% senior unsecured notes due July 15, 2022, to reduce outstanding indebtedness under its revolving credit facility and for general corporate purposes. This news release does not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any securities laws of any state of the United States and may not be offered, sold or delivered in the United States or to, or for the account or benefit of, United States persons.
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CALGARY, Alberta, July 24, 2019 -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced that S&P Global Ratings (“S&P”) has raised its long-term issuer.
CALGARY, Alberta, July 09, 2019 -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it expects to release its 2019 second quarter financial and.
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Gibson Energy Inc. (“Gibson” or the “Company”), (GEI.TO), announced today it has closed the sale of its Canadian Truck Transportation businesses to Trimac Transportation (“Trimac”) for gross proceeds of approximately $70 million prior to customary closing adjustments, with the potential for additional proceeds depending on the performance of the business over the next several years. As part of the sale of its Canadian Truck Transportation businesses, Gibson has also entered into an agreement with an entity affiliated with Trimac for the sale of a field office and shop facilities situated on 31 acres of land in Edmonton, Alberta for $30 million. Gibson expects this portion of the sale will close by the end of the first quarter of 2020, subject to the satisfaction of certain conditions, with Trimac utilizing the properties under a lease arrangement in the interim.