December 4, 2018 / 9:42 PM / 2 months ago

BUZZ-Gibson Energy Inc: Raises 2019 capital budget

** Canada’s Gibson Energy Inc raises 2019 capital budget to a range of $200 mln-$250 mln

** Capex budget for 2018 was $120 mln-$150 mln

** “We expect that our sanctioned capital program will grow over the course of 2019 as we seek to sanction two to four tanks per year on a run rate basis and pursue additional infrastructure investment opportunities in both Canada and the U.S.”- CEO, Steve Spaulding

** GEI is oil and gas services company with its operations across Canada and the U.S.

** Company’s shares closed up 2.7 pct at C$20.28; up to Tuesday’s close, stock had risen 11.6 pct YTD (Reporting by Laharee Chatterjee in Bengaluru)

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