LIBRARY · APR 2026 · $27.34No change in my view or rationale for holding GEI. The stock acts well in all kinds of market tapes, as it should as a boring infrastructure play that pays a ~6% dividend. My comments may be short, but my position is good-sized.
LIBRARY · MAR 2026 · $29.64No change in my view or rationale for holding GEI. Infrastructure names are catching a bid as the market gravitates towards defensible value and predictable cash flow stories in an uncertain market tape. GEI has been performing very well on market down days, which I take as a good sign. The yield is around 6% and the company expects to continue to grow its dividend for years to come.
LIBRARY · FEB 2026 · $28.99You can only come up with so many ideas on your own, and GEI is one that came to me from a good friend of mine out west. Gibson is boring... they own things like oil pipelines, tank storage, and terminals... everything you need to transport, store, and sell oil. What I really like about GEI is that they increase their dividend every year (including just last week) and the company has mapped out a high-single-digit annual growth path all the way to 2030. The yield is around 6% and the company's recently reported results were excellent. GEI is the second largest of my dividend paying positions and my plan is to hold it for the long run, but we'll see if I can do it. The thing I like about GEI is that it isn't very sensitive to the oil price... it has sensitivity to oil volumes, but oil volumes are a lot less volatile than the oil price and volumes are actually expected to continue to grow in its core areas. GEI recently did an accretive tuck-in acquisition that was very well received by the market. The stock has broken out to multi-year highs and for good reason. It's a quality mid-stream player with a quality team and a multi-year history of growth that holds up whether you're looking backwards or forwards. I like this as a place to park money... like owning a piece of a toll booth on the North American energy highway.