Gibson Energy initiated with an Underweight at Barclays

Barclays analyst Anthony Linton initiated coverage of Gibson Energy with an Underweight rating and C$25 price target. The analyst initiated coverage on the Canadian oil and gas space with a Positive view. Producers are well positioned in a volatile environment, Linton tells investors in a research note. He enters 2023 with "cautious optimism" on midstream names, saying the tailwinds of volume growth should support fee-based EBITDA growth and return of capital initiatives.