There is no dividend cut, and Gibson is remaining mindful of the weak conditions in the energy sector, and focusing on core, stable cash flow-
generating assets. Gibson is using its debt facilities to fund part of the program, thereby increasing its leverage, but we expect it will stabilize
its debt at ~3.7x EBITDA, below the covenant breach at 4.0x.
10 Dec 2015
Gibson Energy Inc. (GEI) Announces 2016 Capital Budget Range of $250 mm to $350 mm
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Gibson Energy Inc. (GEI) Announces 2016 Capital Budget Range of $250 mm to $350 mm
Gibson Energy Inc. (GEI:TSE) | 0 0 1.5% | Mkt Cap: 2,392m
- Published:
10 Dec 2015 -
Author:
Steven I. Paget -
Pages:
5
There is no dividend cut, and Gibson is remaining mindful of the weak conditions in the energy sector, and focusing on core, stable cash flow-
generating assets. Gibson is using its debt facilities to fund part of the program, thereby increasing its leverage, but we expect it will stabilize
its debt at ~3.7x EBITDA, below the covenant breach at 4.0x.