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Gibson Energy Inc (GEI.TO)

GEI.TO on Toronto Stock Exchange

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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 04:15pm EST 

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 04:16pm EST 

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

‍M&G Investments says believes Gibson Energy should commence strategic review of all options, including sale of co
Monday, 14 Aug 2017 11:02am EDT 

Aug 14 (Reuters) - M&G Investments::M&G Investments requests initiation of strategic review process for Gibson Energy Inc..Says ‍M&G currently manages funds owning approximately 19.4 percent of outstanding shares of Gibson​.Company should exit all lines of its trucking business that are not associated with core infrastructure assets of company.Says ‍Gibson Energy should sell Moose Jaw refinery and its affiliated lines of business and use proceeds to reduce debt.Believe Gibson Energy should commence a strategic review of all options, including sale of co, with help of independent investment bank​.On Aug 14, delivered letter to James M. Estey, Chairman of Gibson Energy's board discussing its views, measures Gibson should take ​.  Full Article

Gibsons announces change to board of directors
Monday, 19 Jun 2017 08:30am EDT 

June 19 (Reuters) - Gibson Energy Inc :Gibsons announces change to board of directors.Gibson Energy Inc says announced that incoming president and chief executive officer, Steve Spaulding, has been appointed to board of directors.Gibson Energy -Former president and CEO, Stewart Hanlon, has stepped down from board, effective today, as part of company's leadership succession.  Full Article

Gibsons reports qtrly loss per share $0.07
Monday, 8 May 2017 04:42pm EDT 

May 8 (Reuters) - Gibson Energy Inc :Gibsons reports financial results for first quarter 2017 and pending retirement of CEO.Says announces pending retirement of its president and Chief Executive Officer, Stewart Hanlon.Gibson Energy Inc says board commenced a search and hopes to be in a position to announce new president and CEO in near term.Gibson Energy - Qtrly loss per share $0.07.Gibson Energy Inc says Hanlon will continue in his current role until his successor has joined Gibsons.  Full Article

Gibsons announces pricing of senior unsecured notes
Wednesday, 8 Mar 2017 07:43pm EST 

Gibson Energy Inc : Gibsons announces pricing of senior unsecured notes .Gibson Energy-to issue & sell C$350 million aggregate principal amount of 5.25%, senior unsecured notes due July 15,2024 on exempt private placement basis.  Full Article

Gibsons commences cash tender offers for outstanding Canadian dollar notes due 2020
Wednesday, 8 Mar 2017 08:49am EST 

Gibson Energy Inc :Gibsons commences cash tender offers for outstanding Canadian dollar notes due 2020 and U.S. Dollar notes due 2021.  Full Article

Gibsons announces proposed private placement of senior unsecured notes
Wednesday, 8 Mar 2017 08:48am EST 

Gibson Energy Inc : Gibsons announces proposed private placement of senior unsecured notes . Gibson Energy Inc - intention to issue, on an exempt private placement basis, C$300 million senior unsecured notes . Gibson Energy Inc - cash tender offers to purchase any and all of its outstanding Canadian-dollar denominated 7.0% senior unsecured notes due 2020 . Gibson Energy Inc - intends to utilize net proceeds from private placement to repay certain indebtedness of company . Gibson Energy - also announced cash tender offers to purchase up to us$275 million of its U.S. dollar denominated 6.75% senior unsecured notes due 2021 .Gibson Energy Inc - tender offers designed to further refinance Gibsons' long-term indebtedness among other things.  Full Article

Gibson Energy qtrly loss per share from continuing operations $0.36
Tuesday, 7 Mar 2017 04:49pm EST 

Gibson Energy : Gibsons reports financial results for 2016 . "Decided to maintain our current dividend level" . "We are confident in our positive outlook for continued cash flow growth in 2017 and beyond" . Qtrly loss per share from continuing operations $0.36 .Qtrly revenue $1.4 million versus $1.2 million.  Full Article

Gibson Energy to sell its industrial propane business to Superior Plus LP for $412 mln
Monday, 13 Feb 2017 08:00am EST 

Gibson Energy Inc : Gibson Energy Inc- entered into an agreement to sell its industrial propane business for cash consideration of $412 million to Superior Plus LP . Gibson Energy Inc - as part of sale, Superior has agreed to 5-year wholesale supply and truck transportation agreements .Gibson Energy Inc- "transaction will allow us to strengthen our capital structure through debt reduction".  Full Article

BRIEF-Gibson Energy Board Approved 2018 Growth Capital Expenditure Budget Of $120 Mln To $150 Mln

* ‍ITS BOARD OF DIRECTORS HAS APPROVED A 2018 GROWTH CAPITAL EXPENDITURE BUDGET IN RANGE OF $120 MILLION TO $150 MILLION​