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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (56561)4/3/2019 10:07:40 AM
From: Goose94Read Replies (1) | Respond to of 203630
 
Gibson Energy (GEI-T) new 52 week high, $23.68



To: Goose94 who wrote (56561)5/10/2019 8:03:44 PM
From: Goose94Read Replies (1) | Respond to of 203630
 
Gibson Energy (GEI-T) top pick from Jason Mann on BNN.ca Market Call Friday May 10th @ 1200ET

Gibson is a midstream energy company, operating facilities and infrastructure. They’ve been completing some non-core asset sales and right-sizing their balance sheet (now back to investment-grade), with the ability to deploy capital to growth. They think they can do $200 to $300 million a year in growth projects, which should increase valuations further.

Valuation is reasonable for infrastructure company at 12 per cent return on equity, 10 times EBITDA and a 6 per cent yield that’s fully covered. Price momentum is strong as well. A key driver will be management’s ability to secure new projects to drive the growth, but it’s worth investing in on the basis they will.