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Energy M&A image Energy M&A » By The Online Investor Staff, updated Thu., Mar. 28, 5:05 PM Recent mergers and acquisitions in the Energy M&A category.

Slide #22. Gibson Energy Inc. Cal-Gas Inc.

Acquirer: Gibson Energy Inc. (TSE:GEI.CA)
Acquiree: Cal-Gas Inc.
Details: Gibson Energy Inc. ("Gibson" or the "Company"), (TSX:GEI), is pleased to announce that it has entered into a letter of intent to acquire Cal-Gas Inc. ("Cal-Gas"), a retail propane company with operations across Canada. Complementing this proposed acquisition, on April 1, 2014, Gibson closed the purchase of Stittco Energy Limited ("Stittco"), a provider of propane equipment, service and delivery to commercial, industrial and residential customers in Northern Manitoba and the Northwest Territories.

Gibson Energy is a Canadian-based oil infrastructure company. Co. has two reportable segments: Infrastructure includes a network of oil infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other small terminals; and Marketing involves in the purchasing, selling, storing and optimizing of hydrocarbon products as part of supplying the Moose Jaw Facility and marketing its refined products as well as helping to drive volumes through Co.'s key infrastructure assets.

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Company Name: 
Gibson Energy Inc
Website: 
www.gibsonenergy.com
Sector: 
Oil & Gas Refining & Marketing
Number of ETFs Holding GEI.CA: 
1
Total Market Value Held by ETFs: 
$1.05M
 

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