The Globe and Mail reports in its Wednesday, Dec. 6, edition that Stifel analyst Cole Pereira has reaffirmed his "buy" recommendation for Gibson Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pereira gave his share target a 50-cent trim to $26.50. Analysts on average target the shares at $25. Mr. Pereira says in a note: "Gibson announced a 2024 capital plan of $190-million to $195-million ($150-million growth, $40-million to $45-million maintenance), above our prior estimate of $155-million and the Street at $146-million. We believe 2024 maintenance capex is a reasonable go-forward run rate, with the year-over-year increase relating to the core business as opposed to STGT. Additionally, 2023 growth capex is expected to be $125-million, below our prior estimate of $149-million. Our 2024 DCFPS [distributable cash flow per share] estimate declines 3 per cent to $2.65 per share. ... Moreover, the program remains fully self-funded with 2024E FCF of $280-million vs. dividends of $272-million. Gibson offers attractive DCFPS growth in 2024E (4 per cent, or 14 per cent normalizing for marketing) which is likely to be attractive to investors once the STGT contract profile is derisked."