Gibson Energy renews long-term oil sands deals, shares up

Shares of Canadian energy infrastructure firm Gibson Energy GEI.TO rise 1.1% to $25.7

Company renews a 20-year take-or-pay refined products services agreement with a senior integrated oil sands customer at its Edmonton Terminal

It also extends a terminal storage take-or-pay agreement by an additional 10 years with another senior integrated oil sands customer

Adds that it has also sanctioned an infrastructure project in Texas to further support U.S. growth

Co expects 2026 growth capital at $150 mln, including about $50 mln for the Wink-to-Gateway integration project

"The scope of this project will include new tankage and upgrades at Wink and a connector pipeline at Gateway to enable concurrent Permian and Eagle Ford flows" - GEI

Including sessions move, shares up 5.3% YTD