Analyst Sam Burwell from Jefferies maintained a Buy rating on Gibson Energy and increased the price target to C$30.00 from C$29.00.
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Sam Burwell has given his Buy rating due to a combination of factors tied to Gibson Energy’s latest strategic move. He views the Chauvin crude pipeline purchase as a well‑aligned addition to Gibson’s existing Alberta infrastructure, enhancing the company’s network while opening a meaningful runway for incremental organic projects and earnings growth over the medium term.
The planned Hardisty Connection development is expected to complete Gibson’s 2026 growth capital program and is characterized as having a compelling valuation relative to its construction cost. Although the associated equity financing and a weaker fourth quarter must be absorbed by the market, he believes the industrial logic, growth visibility, and attractive return profile of the transaction should ultimately support the stock and justify a Buy recommendation.
According to TipRanks, Burwell is a 5-star analyst with an average return of 15.6% and a 67.10% success rate. Burwell covers the Energy sector, focusing on stocks such as Enbridge, Pembina Pipeline, and Gibson Energy.