National Bank releases update on Gibson Energy’s Q3 results

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Gibson Energy ($TSX:GEI) is a leading energy infrastructure company that owns and operates a world-class network of integrated oil and gas assets. National Bank has released their update on Gibson Energy’s Q3 results, which were very strong. This was driven by higher volumes and margins across all of Gibson’s business segments. The company’s strong performance is expected to continue in the fourth quarter and beyond.

Stock Price

Media sentiment is mostly positive, with the stock opening at CA$23.1 and closing at CA$23.7, up by 2.6% from the last closing price of 23.1. The company’s Q3 results show that it is on track to achieve its full-year guidance. The update from National Bank of Canada is positive, with the stock prices rising in response. Gibson Energy is a reliable company with a strong track record, and is thus a safe investment for those looking to invest in the energy sector.

VI Analysis

Companies with strong fundamentals are usually considered to have long-term potential. This is reflected in Gibson Energy‘s strong financials, with a healthy balance sheet and good cash flows. The company is also classified as a ‘cheetah’ on the VI Star Chart, indicating that it has achieved high growth but is considered less stable due to lower profitability. Investors interested in companies with strong fundamentals and long-term potential may find Gibson Energy appealing. The company has a strong balance sheet and is capable of paying off its debt and funding future operations.

Additionally, Gibson Energy offers a strong dividend and growth potential, making it an attractive investment for those looking for income and growth.

VI Peers

In the Canadian energy industry, there is intense competition between Gibson Energy Inc and its rivals Keyera Corp, Evolve Transition Infrastructure LP, Tidewater Midstream and Infrastructure Ltd. All four companies are striving to be the leading provider of midstream and infrastructure services in the country. Each company has its own strengths and weaknesses, but Gibson Energy Inc has emerged as the clear leader in the industry.

– Keyera Corp ($TSX:KEY)

Keyera Corp is a Canadian oil and gas company with a market cap of 6.46B as of 2022. The company has a Return on Equity of 17.57%. Keyera Corp is involved in the exploration, production, transportation, and marketing of natural gas and natural gas liquids. The company also owns and operates natural gas processing plants, pipelines, and terminals.

– Evolve Transition Infrastructure LP ($NYSEAM:SNMP)

Evolve Transition Infrastructure LP is a Canadian closed-end fund focused on investments in North American midstream energy infrastructure assets. The company has a market capitalization of $41.65 million and a return on equity of 9.33%. Evolve Transition Infrastructure LP is a publicly traded company listed on the Toronto Stock Exchange.

– Tidewater Midstream and Infrastructure Ltd ($TSX:TWM)

Tidewater Midstream and Infrastructure Ltd is a Canadian oil and gas company with a market cap of 497.96M as of 2022. The company has a Return on Equity of 14.75%. Tidewater Midstream and Infrastructure Ltd is engaged in the business of developing, owning, and operating midstream energy infrastructure assets in the Western Canadian Sedimentary Basin. The company’s assets include natural gas gathering and processing facilities, natural gas liquids extraction and fractionation facilities, and crude oil pipelines.

Summary

Gibson Energy is a leading North American oil and gas infrastructure company. They own and operate a network of terminals, pipelines, and gathering and processing facilities. They also have a large fleet of trucks and railcars. Investing in Gibson Energy can be a good way to gain exposure to the oil and gas industry.

The company has a strong presence in North America and is well-positioned to benefit from the growing oil and gas production in the region. Gibson Energy also has a diversified business model, which gives it some protection from fluctuations in oil and gas prices.