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Gibson Energy Inc (GEI.TO)

GEI.TO on Toronto Stock Exchange

22.90CAD
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Gibson Energy Announces The Sale Of Canadian Truck Transportation
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Gibson Energy Inc ::PRESS RELEASE - GIBSON ENERGY ANNOUNCES THE SALE OF CANADIAN TRUCK TRANSPORTATION FOR AGGREGATE PROCEEDS OF APPROXIMATELY $100 MILLION, COMPLETING ITS NON-CORE DIVESTITURES, AND RECEIPT OF INVESTMENT GRADE CREDIT RATING.GIBSON ENERGY INC - SALE OF SUBSTANTIALLY ALL ASSETS OF ITS CANADIAN TRUCK TRANSPORTATION BUSINESS FOR PROCEEDS OF APPROXIMATELY $70 MILLION.GIBSON ENERGY INC - SALE OF A FIELD OFFICE AND SHOP FACILITIES SITUATED ON 31 ACRES OF LAND IN EDMONTON, ALBERTA, FOR $30 MILLION..GIBSON ENERGY INC - CONTINUING BUSINESSES WILL RETAIN ACCESS TO TRUCK TRANSPORTATION SERVICES THROUGH A LONG-TERM AGREEMENT WITH TRIMAC.GIBSON ENERGY INC - CANADIAN TRUCK TRANSPORTATION BUSINESS DEAL HAS POTENTIAL FOR ADDITIONAL PROCEEDS DEPENDING ON PERFORMANCE OF BUSINESS.  Full Article

Gibson Energy Announces 2018 Fourth Quarter And Year-End Results
Tuesday, 5 Mar 2019 

March 4 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2018 FOURTH QUARTER AND YEAR-END RESULTS AND PROVIDES INVESTOR DAY WEBCAST DETAILS.GIBSON ENERGY INC - DISPOSITION OF CANADIAN TRUCK TRANSPORTATION CONTINUES TO PROGRESS.GIBSON ENERGY INC - AGGREGATE PROCEEDS FROM DISPOSITION OF CANADIAN TRUCK TRANSPORTATION EXPECTED TO BE AROUND MIDPOINT OF COMPANY'S TARGET RANGE.  Full Article

Gibson Energy Announces 500,000 Barrel Expansion At Hardisty Terminal
Friday, 1 Mar 2019 

March 1 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 500,000 BARREL EXPANSION AT HARDISTY TERMINAL, AND PROVIDES UPDATE ON INFRASTRUCTURE GROWTH PROJECTS AND NON-CORE DISPOSITIONS.GIBSON ENERGY INC - NEW 500,000 BARREL TANK IS EXPECTED TO BE IN SERVICE IN Q4 OF 2020.GIBSON ENERGY - CONTINUES TO PROGRESS SALE OF CANADIAN TRUCK TRANSPORTATION; EXPECTS THAT NON-CORE DISPOSITION PROCESS WILL BE COMPLETED BY MID-2019.GIBSON ENERGY - EXPANSION OF MOOSE JAW FACILITY EXPECTED TO INCREASE THROUGHPUT CAPACITY BY APPROXIMATELY 30% AT A CAPITAL COST OF $20 MILLION TO $25 MILLION.GIBSON ENERGY - CONTINUES TO ADVANCE EXPANSION OF MOOSE JAW FACILITY, EXPECTED TO ENTER SERVICE AHEAD OF SCHEDULE IN Q2 2019.GIBSON ENERGY - MOOSE JAW FACILITY EXPANSION EXPECTED TO INCREASE THROUGHPUT CAPACITY BY ABOUT 30% AT CAPITAL COST OF $20 MILLION TO $25 MILLION.GIBSON ENERGY INC - EXPECTS THAT NON-CORE DISPOSITION PROCESS WILL BE COMPLETED BY MID-2019.GIBSON ENERGY - EXPECTS AGGREGATE PROCEEDS FROM NON-CORE DISPOSITION PROCESS NEAR MIDPOINT OF $275 MILLION - $375 MILLION TARGET RANGE.  Full Article

Gibson Energy announces 2019 capital budget
Wednesday, 5 Dec 2018 

Dec 4 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2019 CAPITAL BUDGET.APPROVED A 2019 GROWTH CAPITAL EXPENDITURE BUDGET IN RANGE OF $200 MILLION TO $250 MILLION.BOARD OF DIRECTORS HAS APPROVED ALLOCATION OF APPROXIMATELY $30 MILLION TO $35 MILLION IN REPLACEMENT CAPITAL EXPENDITURES.COMPANY NOW EXPECTS 2018 CAPITAL EXPENDITURES TO BE BETWEEN $250 MILLION AND $275 MILLION.  Full Article

Gibson Energy Announces Exit From Non-Core Environmental Services North
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES EXIT FROM NON-CORE ENVIRONMENTAL SERVICES NORTH AND WHOLESALE PROPANE BUSINESSES FOR PROCEEDS OF APPROXIMATELY $100 MILLION.GIBSON ENERGY INC - DISPOSITION OF WHOLESALE PROPANE BUSINESS IS EXPECTED TO CLOSE IN Q4 OF 2018.GIBSON ENERGY - REMAINING DIVESTITURE OF CANADIAN TRUCK TRANSPORTATION BUSINESS IS AHEAD OF SCHEDULE RELATIVE TO INITIAL OUTLOOK OF MID-2019.  Full Article

Gibson Energy Reports Q2 EPS $0.10
Thursday, 9 Aug 2018 

Aug 8 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2018 SECOND QUARTER RESULTS.QTRLY EARNINGS PER SHARE $0.10.QTRLY REVENUE $1.76 BILLION VERSUS $1.42 BILLION.NON-CORE DISPOSITIONS REMAIN AHEAD OF SCHEDULE WITH PROCEEDS LIKELY TO BE AT OR ABOVE TOP END OF INITIAL EXPECTATIONS.  Full Article

Gibson Energy Board Approved 2018 Growth Capital Expenditure Budget Of $120 Mln To $150 Mln
Wednesday, 6 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
Thursday, 9 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

UPDATE 1-Gibson to load 225,000 bpd of Canadian crude-by-rail by summer's end - CEO

CALGARY, Alberta, May 24 Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will rise to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday.