Gibson Energy will continue to divest non-core assets in the next two years as it transitions to a strictly midstream and infrastructure company. Gibson expects $275-375 million in proceeds from the sales and plans to invest between $150 million and $200 million in its core business. By YE19, Gibson plans to derive ~85% of its profits from oil infrastructure, with the Hardisty and Edmonton terminals representing ~75% of segment profit.Gibson plans to sell its......
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