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Gibson Energy Inc (GEI.TO)

GEI.TO on Toronto Stock Exchange

17.52CAD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Gibson Energy Announces Sale Of U.S. Energy Services Businesses For $125 Mln
Monday, 19 Mar 2018 08:00am EDT 

March 19 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES SALE OF U.S. ENERGY SERVICES BUSINESSES FOR $125 MILLION.GIBSON ENERGY - ‍ENTERED INTO 2 DEALS FOR DIVESTITURE OF U.S. ENERGY SERVICES BUSINESSES, INCLUDING U.S. ENVIRONMENTAL SERVICES AND U.S. SEISMIC ASSETS​.  Full Article

Gibson Energy Reports Q4 Loss Per Share Of $0.64
Monday, 5 Mar 2018 04:45pm EST 

March 5 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2017 FOURTH QUARTER AND YEAR-END RESULTS.GIBSON ENERGY INC - Q4 NEGATIVELY IMPACTED BY $7 MILLION FROM ONE-TIME REVENUE ADJUSTMENTS AND RECOGNITION OF ENVIRONMENTAL REMEDIATION COSTS AT HARDISTY.GIBSON ENERGY INC - QTRLY LOSS PER SHARE $0.64.GIBSON ENERGY INC - QTRLY REVENUE FROM CONTINUING OPERATIONS $1.77 BILLION VERSUS $1.41 BILLION.  Full Article

Gibson Energy Q4 Loss Per Share $0.64
Monday, 5 Mar 2018 04:45pm EST 

March 5 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES 2017 FOURTH QUARTER AND YEAR-END RESULTS.GIBSON ENERGY INC - QTRLY REVENUE FROM CONTINUING OPERATIONS $1.8 MILLION VERSUS $1.4 MILLION.GIBSON ENERGY INC - Q4 NEGATIVELY IMPACTED BY $7 MILLION FROM ONE-TIME REVENUE ADJUSTMENTS AND RECOGNITION OF ENVIRONMENTAL REMEDIATION COSTS AT HARDISTY.GIBSON ENERGY INC - QTRLY LOSS PER SHARE $0.64.  Full Article

Gibson Energy Announces Sanction Of $50 Mln Viking Pipeline Project
Wednesday, 21 Feb 2018 08:00am EST 

Feb 21 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES SANCTION OF $50 MILLION VIKING PIPELINE PROJECT AND REVISED 2018 CAPITAL GUIDANCE.GIBSON ENERGY INC - CO'S VIKING PIPELINE PROJECT IS EXPECTED TO BE IN SERVICE IN Q1 2019.GIBSON ENERGY INC - SEES 2018 TOTAL GROWTH CAPITAL $165 MILLION - $205 MILLION.  Full Article

Gibson Energy Announces Corporate Strategy For Transition To Focused Oil Infrastructure Growth Co
Tuesday, 30 Jan 2018 06:00am EST 

Jan 30 (Reuters) - Gibson Energy Inc ::GIBSON ENERGY ANNOUNCES CORPORATE STRATEGY AND ACTIONS TO ACCELERATE TRANSITION TO FOCUSED OIL INFRASTRUCTURE GROWTH COMPANY.GIBSON ENERGY - AS PART OF STRATEGY, CO WILL DIVEST SEVERAL NON-CORE BUSINESSES AND TARGET COMPETITIVE DISTRIBUTABLE CASH PER SHARE AND DIVIDEND GROWTH.GIBSON ENERGY - TARGETING 10% DISTRIBUTABLE CASH FLOW PER SHARE GROWTH WITH AIM TO INVEST $150 MILLION - $200 MILLION IN GROWTH CAPITAL/YEAR.GIBSON ENERGY INC - AGGREGATE PROCEEDS FROM SALE OF NON-CORE BUSINESSES ARE EXPECTED TO RANGE BETWEEN $275 MILLION AND $375 MILLION.GIBSON ENERGY - EXPECTS LONG-TERM GROWTH OF OIL SANDS PRODUCTION WILL CONTINUE TO INCREASE HEAVY OIL FLOWS INTO HARDISTY.GIBSON ENERGY - ENGAGED ADVISOR TO SUPPORT SALE OF NGL WHOLESALE AND EXPECTS TO PLACE ALL REMAINING ASSETS TO BE DISPOSED INTO MARKET BY END OF 2018.GIBSON ENERGY - BELIEVE THERE ARE OPPORTUNITIES TO REALIZE FURTHER COST EFFICIENCIES AT MOOSE JAW FACILITY.GIBSON ENERGY - OVER NEXT 12 TO 24 MONTHS, WILL SEEK TO RESTORE U.S. BUSINESS PROFITABILITY TO PRIOR LEVELS OF $10 MILLION TO $15 MILLION ON A RUN-RATE BASIS.GIBSON ENERGY - BELIEVE DISPOSITION PROCEEDS WILL FULLY FUND GROWTH CAPITAL EXPENDITURES THROUGH TO 2019-END.  Full Article

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

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: