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United Kingdom

Gibson Energy Inc (GEI.TO)

GEI.TO on Toronto Stock Exchange

17.60CAD
22 Jun 2018
Change (% chg)

$0.21 (+1.21%)
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Latest Key Developments (Source: Significant Developments)

Gibson Energy Board Approved 2018 Growth Capital Expenditure Budget Of $120 Mln To $150 Mln
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2018 CAPITAL BUDGET.‍ITS BOARD OF DIRECTORS HAS APPROVED A 2018 GROWTH CAPITAL EXPENDITURE BUDGET IN RANGE OF $120 MILLION TO $150 MILLION​.‍HAS APPROVED ALLOCATION OF APPROXIMATELY $30 MILLION IN UPGRADE AND REPLACEMENT CAPITAL EXPENDITURES​.- CONTINUE TO EXPECT THAT CO WILL SANCTION ONE TO TWO TANKS PER YEAR ON A RUN RATE BASIS IN A FLAT OIL PRICE ENVIRONMENT.GIBSON ENERGY-ANTICIPATE CO WILL SECURE INCREMENTAL INFRASTRUCTURE GROWTH PROJECTS THAT WILL GIVE OPPORTUNITY TO INVEST $50 MILLION TO $100 MILLION IN 2018​.- COMPANY NEEDS TO FURTHER LEVERAGE ITS EXISTING ASSET BASE TO DRIVE ADDITIONAL GROWTH.- 2018 CAPEX REFLECTS THAT NEARLY ALL OF GROWTH CAPITAL BEING INVESTED AT HARDISTY AND EDMONTON TERMINALS UNDER LONG-TERM.  Full Article

Gibsons reports Q3 loss of $0.06 per share
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Gibson Energy Inc :Gibsons reports third quarter results and announces investor day.Qtrly revenue from continuing operations $1.4 million versus $1.2 mln‍​.Qtrly basic and diluted loss per share from continuing operations $0.06.  Full Article

Gibson enters agreement to divest industrial propane business for $412 mln
Monday, 13 Feb 2017 

Gibson Energy Inc - : Gibsons enters agreement to divest its industrial propane business for $412 million . Cash payment of $412 million is expected to be received by gibsons, concurrent with granting of option, no later than April 3, 2017 .Gibson will continue to operate business under direction of current management team.  Full Article

Gibson Energy confirms it received proposal for discussion from unknown foreign entity
Thursday, 11 Aug 2016 

Gibson Energy Inc : Confirms it received a non-binding, highly conditional proposal for discussion, from an unknown, unidentifiable foreign entity . Other than initiation of process to divest industrial propane business, gibsons is not seeking expressions of interest for its business . Board "seriously considered" proposal and retained independent legal and financial advisors to assist it in "careful deliberations" .Board unanimously concluded that proposal represented inadequate value to shareholders and was not in co's best interests to pursue.  Full Article

Gibson Energy expects 2016 adj growth capital spending of about $225 mln
Tuesday, 2 Aug 2016 

Gibson Energy Inc : Expects 2016 growth capital spending, excluding acquisitions, to be approximately $225 million . Confirms its preliminary estimate for growth capital spending in 2017 of between $200 and $300 million . Gibson Energy Inc qtrly adjusted EBITDA $ 44.3 million versus $ 75.6 million .Gibsons reports financial results for second quarter 2016 and confirms growth capital spending guidance for 2016 and 2017.  Full Article

Gibson Energy qtrly adjusted EBITDA $44 million
Tuesday, 2 Aug 2016 

Gibson Energy Inc : Gibsons reports financial results for second quarter 2016 and confirms growth capital spending guidance for 2016 and 2017 . Expects 2016 growth capital spending, excluding acquisitions, to be approximately $225 million .Gibson energy inc qtrly adjusted ebitda of $44 million in q2 of 2016.  Full Article

Gibson Energy to explore sale of its industrial propane business
Wednesday, 20 Jul 2016 

Gibson Energy Inc : Engaged RBC capital markets as a financial advisor to assist company with a potential sale . Gibsons to explore a potential sale of its industrial propane business . Anticipates it would reinvest net sales proceeds from this potential divestiture into growth opportunities within its infrastructure business .Making announcement of initiative after receiving certain unsolicited inquiries into possible sale of industrial propane business.  Full Article

BRIEF-Gibson Energy Posts Q1 Earnings Per Share $0.09

* GIBSON ENERGY INC QTRLY REVENUE FROM CONTINUING OPERATIONS $1.7 MILLION VERSUS $1.4 MILLION Source text for Eikon: Further company coverage: