Gibson Energy Inc T.GEI

Alternate Symbol(s): GBNXF

Energy Oil & Gas Midstream

Gibson Energy Inc. is a liquids infrastructure company. The Company’s principal businesses consist of the storage, optimization, processing, and gathering of liquids and refined products. Its segments include Infrastructure and Marketing. The Infrastructure segment includes a network of liquids infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other small terminals. The Marketing segment is involved in the purchasing, selling, storing, and optimizing of hydrocarbon products as part of supplying the Moose Jaw Facility and marketing its refined products, as well as helping to drive volumes through the Company’s key infrastructure assets. The Marketing segment also engages in optimization opportunities. The Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and including a facility in Moose Jaw, Saskatchewan.

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Gibson Energy Inc > I'm out

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Comment by TickerTwiton Nov 06, 2021 5:20pm

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Post# 34096340

RE:I'm out

And I'm back in after swapping GEI for TRP in May. TRP has indicated they're dropping their dividend CAGR guidance so that it's almost as poor as GEI's now.

I think GEI might be a little stronger now than in May due to the DRU having more contracted capacity (and expansion possibilities) than we knew about back then. Even though I'm not satisified with GEI's dividend CAGR (only 3% despite DCF growing at 16% !!), the shares just dropped 7% since earnings and I see increased potential for capital gains in the coming year.

And who knows, maybe GEI will decide to let shareholders have more of that fabulous DCF growth before the next time I feel compelled to swap out.

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