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 hawk35on Feb 20, 2024 6:29pm

161 Views

Post# 35889839

Results

Nice to see 5% dividend increase. Payout ratio and debt levels continue to look good as expected.

They missed on EPS. Consensus estimate was .43 per share. They delivered .33 per share.

Nothing mentioned about extending existing contracts or signing new contracts for Gateway. This is a concern especially for institutional investors. Management will likely be questioned on this on the cc tomorrow. Likely another quarter or two will be required to see a favourable update on this.

Not sure how the market will react tomorrow. If the price drops I will likely buy more.

<< Previous

Bullboard Posts

Next >>

How to interpret movements in the price of gold