Gibson Energy ( (TSE:GEI) ) has provided an update.
Gibson Energy Inc. and Baytex Energy Corp. have announced a strategic partnership to develop infrastructure in the Pembina Duvernay region, backed by a long-term take-or-pay agreement. This collaboration will enhance Gibson’s infrastructure footprint and cash flow quality while supporting Baytex’s asset development and market access. The agreement involves a $50 million investment from Gibson and is expected to be completed by the fourth quarter of 2025, potentially expanding future partnerships and infrastructure solutions.
More about Gibson Energy
Gibson Energy Inc. operates in the energy sector, focusing on liquids infrastructure and midstream services. The company is known for its strategic infrastructure assets, particularly its core Edmonton terminal, which supports the transportation and storage of energy products.
YTD Price Performance: -14.96%
Average Trading Volume: 21,924
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.42B
See more data about GEI stock on TipRanks’ Stock Analysis page.