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Gibson Energy Inc (GEI.TO)

GEI.TO on Toronto Stock Exchange

16.55CAD
20 Nov 2017
Change (% chg)

$0.21 (+1.29%)
Prev Close
$16.34
Open
$16.32
Day's High
$16.57
Day's Low
$16.23
Volume
305,588
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285,060
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$20.31
52-wk Low
$15.92

Latest Key Developments (Source: Significant Developments)

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

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
Wednesday, 3 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
Wednesday, 3 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
Thursday, 21 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

Gibsons Energy announces $200 mln equity financing and $100 mln debenture offering
Wednesday, 25 May 2016 

Gibson Energy Inc : Underwriters have agreed to purchase, on a bought deal basis 13 million common shares at a price of $15.45 per common share . Gibson energy inc says $100 million debentures will mature on July 15, 2021 . Gibson energy says net proceeds will be used to initially repay bank indebtedness, fund co's previously announced 2016 and 2017 growth capital program . Debentures will bear interest at a rate of 5.25% per annum .Gibsons announces $200 million bought deal equity financing and $100 million bought deal offering of unsecured subordinated convertible debentures.  Full Article

Gibson Energy Inc announces quarterlu dividend
Wednesday, 2 Mar 2016 

Gibson Energy Inc:Say approved a quarterly dividend of $0.33 per common share payable on April 15, 2016, to shareholders of record at the close of business on March 31, 2016.  Full Article

Gibson Energy Inc announces new chief financial officer
Wednesday, 3 Feb 2016 

Gibson Energy Inc:Sean Brown will be appointed Chief Financial Officer (CFO), effective March 2, 2016.Says Donald Fowlis, will retire from the CFO role.  Full Article

UPDATE 1-Gibson Energy lays off staff across Canadian operations

CALGARY, Alberta, Nov 2 Canadian oil and gas infrastructure company Gibson Energy laid off staff across its Canadian operations on Thursday, according to a company spokeswoman who declined to provide exact numbers.