SA Transcripts • Nov. 5, 2014
Aug. 6, 2013, 5:59 PM
- Gibson Energy (GBNXF) and logistics provider U.S. Development Group plan to build a 140K bbl/day terminal in Hardisty, Alberta, to ship oil sands crude by rail.
- The project would be the largest terminal for western Canada, where demand to move crude by rail has been gathering pace as producers look for ways to ease congested export pipelines.
- Term contracts have been signed with four customers for ~100K bbl/day; the terminal, due to be operational by Q1 2014.
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GBNXF vs. ETF Alternatives
Gibson Energy, Inc. is a premier North American midstream company. Since 1953, they have played a significant role in the oil and gas industry by linking upstream producers with downstream refiners. Each year, they move millions of barrels of energy products to market through their facilities... More
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