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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (58932)5/28/2019 9:01:42 AM
From: Goose94Read Replies (2) of 203577
 
Gibson Energy (GEI-T) Desjardins Securities analyst Justin Bouchard, after meetings with Gibson Energy's chief financial officer Sean Brown last week, says, "Our conviction on the name is unwavering." Mr. Bouchard continues to rate Gibson Energy "buy" with a $26 share target. Analysts on average target the shares at $25.04.

Mr. Bouchard says in a note: "The company is primarily focused on building out its infrastructure assets (and continuing to high-grade its cash flows in the process). The marketing division has been an unexpected (and welcome) source of funding and we continue to view the U.S. assets as a low-cost/low-risk foray into the Permian which, if proven out, could be another growth platform in the coming years.

Given the strategic positioning of its asset base and the optionality inherent in its businesses, GEI has an extremely attractive organic growth runway under various commodity price scenarios."

April 4 that Mr. Cox continued to rate Gibson "market perform." The shares were then worth $23.26. The Globe reported on May 9 that Mr. Cox boosted Gibson to "outperform."
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