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.

TSX:GEI - Post by User

Gibson Energy Inc

<< Previous

Bullboard Posts

Next >>

Post by Betteryear2on Dec 06, 2021 4:08pm

169 Views

Post# 34203652

2022 Capital Budget

All financial figures are in Canadian dollars unless otherwise noted

CALGARY, AB, Dec. 6, 2021 /PRNewswire/ - Gibson Energy Inc. announced today its target for growth capital expenditures in 2022 to be approximately $150 million, depending on the timing of the sanction of certain growth opportunities. Projects currently sanctioned by the Board of Directors comprise approximately one-third of the target capital figure. Additionally, the Board of Directors has approved the allocation of between $25 million and $30 million in replacement capital expenditures in 2022.

https://www.prnewswire.com/news-releases/gibson-energy-announces-2022-capital-budget-301438305.html

<< Previous

Bullboard Posts

Next >>

Nord Precious Metals reveals silver zone at Castle East