Dec 9 (Reuters) - Gibson Energy Inc GEI.TO :
* Says approved a 2016 growth capital expenditure budget ranging between $200
million and $300 million
* Says board of directors approved $50 million allocated to upgrade and
replacement capital expenditures
* Says estimating that growth capital expenditures in 2017 will be similar to
2016 in the $200 million to $300 million range
* Remain comfortable with our dividend payout ratio during the construction
phase of our terminal expansion projects"
* Source text for Eikon ID:nMKWklYdMa
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