Is anybody else holding or watching Gibson Energy? I've been holding it for a little while now and wondering if I should be looking for an exit strategy but there has been a lot of news lately. They announced yesterday that they are pursuing two expansion opportunities and today National Bank boosted its price target to $25.50 (CIBC had previously valued the price target at $22.50 two weeks ago). I'm thinking I'll keep this in my portfolio a while longer and see where it goes.
I bought Gibson a few weeks ago, I don't expect any sudden moves up (or down), but I do believe that it is good long term investment. I will collect the dividend and hold it for a while to see what happensOriginally Posted by AGHFX
I bought in at their IPO a year or so ago. Lots of Gibson trucks around here. Then i compared their balance sheet to superior plus, and it was almost identical but it was trading for 4X SPB stock price.
So i sold out at $21.
I watch their news but not too interested in getting back in.
good luck with it though, always see their trucks on the hiways around here.
Seemed like a good idea at the time...
GEI 12-Month Price Target
Mean (CAD) 24.30
High (CAD) 27.00
Low (CAD) 22.00
Target vs. Current 6.3%
In this sector I hold PSN, imho PSN has higher growth potential, better fundamentals and higher yield...
http://community.nasdaq.com/News/201...storyid=181034
Anybody have thoughts on this?
Gotta love this stock. Strong quarterly earnings just reported and watch for a strong opening tomorrow.
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