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 > Woah, what happened to this little dumpster fire today?

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Comment by Cheadle12on Feb 23, 2022 9:06pm

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Post# 34456186

RE:RE:RE:Woah, what happened to this little dumpster fire today?

Well I guess people who bought yesterday made out like bandits today.

Nice work BTD'ers. this one sure rebounded.

Cheadle12 wrote: Well judging by the report and the dividend increase, this stock will likely head back up again tomorrow.

Very likely a sell off in anticipation of a weak quarter, which never came.

antonaki1 wrote: All the value names in the energy infrastructure segment got hit hard along with the general market today due to the perceived Ukraine invasion. Not company specific at all but for sure fear and potential margin calls probably drove down everything today.

Gibson has been flying under the radar and will move up nicely along with the new dividend in tow and at least a decade of energy sector strength to come before the energy transition starts to take any meaningful bite. With today's close of 22.87 and with the new dividend the yield would equate to almost 6.5%.