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Gibson Energy Inc. (GEI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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21.72-0.15 (-0.69%)
As of 3:03PM EDT. Market open.
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Previous Close21.87
Open21.84
Bid21.72 x N/A
Ask21.72 x N/A
Day's Range21.58 - 22.20
52 Week Range10.96 - 28.34
Volume357,813
Avg. Volume477,066
Market Cap3.176B
Beta (5Y Monthly)1.58
PE Ratio (TTM)18.47
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.36 (6.22%)
Ex-Dividend DateSep. 29, 2020
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Gibson Energy Announces the Addition of Ms. Peggy Montana to the Company’s Board of Directors

    CALGARY, Alberta , Aug. 31, 2020 (GLOBE NEWSWIRE) -- Gibson announced today that Ms. Peggy Montana will join the Company’s Board of Directors effective August 31, 2020. “We are very pleased to have Peggy Montana join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson.  “Through her significant experience in various board and senior executive roles within the midstream and refined products sectors, predominantly at an international supermajor, Peggy brings a wealth of knowledge of global best practices in health, safety and the successful implementation of processes across an organization.  Her addition reflects the importance of continuously improving Gibson’s health and safety performance as well as the Board’s ongoing commitment to ensuring access to the right skillsets to continue to move the Company forward.”Ms. Montana was most recently a Board Member at Shell Midstream Partners GP LLC, having also previously served as Chief Executive Officer as well as Executive Vice President, U.S. Pipeline and Special Projects at the entity.  Prior to, Ms. Montana held various roles at Shell Downstream Inc., a subsidiary of Royal Dutch Shell plc, including Executive Vice President, Supply and Distribution and Vice President, Global Distribution.  Ms. Montana currently also serves on the Board of Kodiak Gas Services LLC, the Board of Trustees of the Missouri University of Science and Technology, and the Board of the Houston YMCA, and has previously also served on the Boards of KMG Chemicals Inc. and Contanda LLC.  Ms. Montana holds a Bachelor of Science in Chemical Engineering from the University of Missouri-Rolla, a leading engineering university in the United States.As part of joining the Company’s Board of Directors, Ms. Montana will also serve on the Health and Safety Committee.About Gibson Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI) is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products.  Headquartered in Calgary, Alberta, the Company’s operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and also include the Moose Jaw Facility and an infrastructure position in the U.S.Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.For further information, please contact:Mark Chyc-Cies Vice President, Strategy, Planning & Investor Relations Phone: (403) 776-3146 Email:  mark.chyc-cies@gibsonenergy.com

  • GlobeNewswire

    Gibson Energy Announces Normal Course Issuer Bid

    CALGARY, Alberta, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the initiation of a Normal Course Issuer Bid (“NCIB”). Gibson’s Board of Directors has approved a NCIB, and the Toronto Stock Exchange (the “TSX”) has accepted Gibson’s Notice of Intention to Make a NCIB, enabling the Company to purchase and cancel up to 10%, or 11,765,180, of the public float for the issued and outstanding common shares as of August 24, 2020 over the next 12 months commencing August 31, 2020 in accordance with the applicable rules and policies of the TSX and applicable securities laws. Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading platforms. In accordance with the rules of the TSX governing a NCIB, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 175,792 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended July 31, 2020. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. The NCIB will terminate at the earlier of August 30, 2021 and the date on which the maximum number of Common Shares that can be acquired pursuant to the NCIB have been purchased.The price that Gibson will pay for common shares in open market transactions will be the market price at the time of purchase. Gibson believes that the availability of a NCIB will enable the Company to maximize return to shareholders. The actual number of common shares that may be purchased, if any, and the timing of any such purchases, will be determined by Gibson based on a number of factors, including the continued adherence to its Financial Governing Principles.On or about September 4, 2020, the Company expects to adopt an automatic purchase plan with its broker, BMO Nesbitt Burns Inc., in order to facilitate purchases of its common shares. Once established and approved by the TSX, the automatic purchase plan would allow for purchases by the Company of its common shares at any time, including, without limitation, when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by Gibson's broker based upon the parameters prescribed by the TSX and the terms of the parties' written agreement.About Gibson Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products. Headquartered in Calgary, Alberta, the Company’s operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and also include the Moose Jaw Facility and an infrastructure position in the U.S.Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”) including, but not limited to, statements concerning the common shares which may be purchased under the NCIB and related matters. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘‘anticipate’’, ‘‘plan’’, ‘‘contemplate’’, ‘‘continue’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘propose’’, ‘‘might’’, ‘‘may’’, ‘‘will’’, ‘‘shall’’, ‘‘project’’, ‘‘should’’, ‘‘could’’, ‘‘would’’, ‘‘believe’’, ‘‘predict’’, ‘‘forecast’’, ‘‘pursue’’, ‘‘potential’’ and ‘‘capable’’ and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In addition, this news release may contain forward-looking statements and forward-looking information attributed to third party industry sources. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in “Forward-Looking Statements” and “Risk Factors” included in the Company’s Annual Information Form dated February 24, 2020 as filed on SEDAR and available on the Gibson website at www.gibsonenergy.com.For further information, please contact:Mark Chyc-Cies Vice President, Strategy, Planning & Investor Relations Phone: (403) 776-3146 Email: mark.chyc-cies@gibsonenergy.com

  • GlobeNewswire

    Gibson Energy Announces Its Inaugural Submission to CDP and the Creation of Its Sustainability and ESG Board Committee

    CALGARY, Alberta, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the submission of its inaugural climate change questionnaire to CDP (formerly Carbon Disclosure Project) and the creation of its Sustainability and ESG Board Committee. Submission to CDP To provide increased transparency for the Company’s stakeholders regarding its environmental and climate-related performance, Gibson has submitted its inaugural climate change questionnaire to CDP. “Transparency is the foundation of our sustainability and ESG journey,” said Steve Spaulding, President and Chief Executive Officer.  “Our CDP submission is a critical part of this foundation as it will further enable even more meaningful collaboration with our stakeholders as we continue to manage climate-change risks, unlock opportunities and further enhance our resilience as a company as we move towards a more sustainable future.” The submission includes the quantification and verification of the Company’s Scope 1 and 2 greenhouse gas emissions and a partial quantification of the Company’s Scope 3 emissions.A copy of Gibson’s CDP climate change questionnaire is available at the Company’s website at the following URL:https://www.gibsonenergy.com/our-responsibility/sustainability/Creation of the Sustainability and ESG Committee Recognizing the importance of Board oversight of sustainability, the Board has established a stand-alone Sustainability and ESG Committee. “Dedicated governance and oversight are essential to the successful navigation of our sustainability journey,” said James Estey, Chairman of the Board.  “With a focused, stand-alone Sustainability and ESG Committee, we are better equipped to support management in its continued execution of the sustainability strategy of our company.”Chaired by Judy Cotte, a recognized expert on ESG and responsible investment, this new committee will provide dedicated oversight and support of the Company’s sustainability and ESG strategy, targets and management systems.Chaired by Jim Cleary, the Health and Safety Board Committee, formerly the Environment, Social, Governance / Health and Safety Board Committee, will be more operationally focused to provide oversight in the continuing development of Gibson’s health and safety program, including its Operations Management System.About Gibson Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude oil and refined products.  Headquartered in Calgary, Alberta, the Company’s operations are focused around its core terminal assets located at Hardisty and Edmonton, Alberta, and also include the Moose Jaw Facility and an infrastructure position in the U.S.Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.Forward-Looking Statements Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward-looking statements”) including, but not limited to, statements concerning the CDP submission, sustainability and ESG and related matters. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘‘anticipate’’, ‘‘plan’’, ‘‘contemplate’’, ‘‘continue’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘propose’’, ‘‘might’’, ‘‘may’’, ‘‘will’’, ‘‘shall’’, ‘‘project’’, ‘‘should’’, ‘‘could’’, ‘‘would’’, ‘‘believe’’, ‘‘predict’’, ‘‘forecast’’, ‘‘pursue’’, ‘‘potential’’ and ‘‘capable’’ and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In addition, this news release may contain forward-looking statements and forward-looking information attributed to third party industry sources. The Company does not undertake any obligations to publicly update or revise any forward looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in “Forward-Looking Statements” and “Risk Factors” included in the Company’s Annual Information Form dated February 24, 2020 as filed on SEDAR and available on the Gibson website at www.gibsonenergy.com.For further information, please contact:Mark Chyc-Cies Vice President, Strategy, Planning & Investor Relations Phone: (403) 776-3146 Email: mark.chyc-cies@gibsonenergy.com