|Bid||39.75 x 0|
|Ask||40.86 x 0|
|Day's Range||39.87 - 40.91|
|52 Week Range||33.43 - 44.91|
|PE Ratio (TTM)||35.94|
|Earnings Date||Nov 2, 2018|
|Forward Dividend & Yield||0.76 (1.95%)|
|1y Target Est||45.10|
Here's why Imperial Oil Ltd (TSX:IMO)(NYSE:IMO) and Suncor Energy Inc. (TSX:SU)(NYSE:SU) might be attractive picks right now.
While we believe that pipeline constraints may hurt Imperial Oil's (IMO) upstream profitability, the company should be able to counter the same, courtesy of the downstream and chemical businesses.
Imperial Oil Ltd. is pledging to cut its oilsands greenhouse gas emissions per barrel by 10 per cent over the next five years as it ramps up production and works to get in line with increasingly stringent environmental regulation. CEO Rich Kruger says the company will achieve the improvement compared with 2016 by employing new technologies at its legacy Cold Lake oilsands wells, by reaching the full 220,000-barrels-per-day capacity of its Kearl oilsands mining project and through other incremental efficiencies. Following a media tour of the company's research centre in southeast Calgary, Kruger says Imperial will use solvents to reduce by as much as 25 per cent the amount of steam needed to make heavy sticky bitumen flow from horizontal wells at Aspen.
Imperial said today that it plans to apply advanced technologies and improvements in efficiency to reduce the greenhouse gas emissions intensity of its operated oil sands facilities. The company’s plans build on a longstanding commitment to improve the environmental footprint and economics of production associated with its oil sands operations.
Husky Energy (TSX:HSE) and Imperial Oil (TSX:IMO) recently gave investors big dividend hikes. Is one a better long-term bet today?
Growing oil sands production from energy majors such as Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO) and Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) will weigh on the price of heavy oil.
Negotiations on commercial deals to improve reliability at the problem-plagued Syncrude oilsands mine and upgrader need to "make sense for all parties," the CEO of its second-largest owner said on a conference call Friday. Rich Kruger of Imperial Oil Ltd., which owns 25 per cent of the four-decades-old project in northern Alberta, said his company is co-operating in discussions to find ways to improve Syncrude performance, especially after a power outage in June shut down the 350,000-barrel-per-day project. On Thursday, Steve Williams, CEO of majority owner Suncor Energy Inc., said other partners in Syncrude don't have a "sense of urgency or support" to negotiate a commercial deal, noting there's a proposal to build pipelines to connect Syncrude with the nearby Suncor Base Plant to allow greater integration of production operations.
Imperial holds a 25 percent stake in Syncrude, which is majority owned by Suncor Energy Inc (Toronto:SU.TO - News). Nearly all of Imperial's share of its output feeds the Strathcona refinery to produce gasoline and other products, accounting for one-third of the refinery's oil supply, Chief Executive Rich Kruger said.
Imperial Oil (IMO) delivered earnings and revenue surprises of -51.28% and 27.52%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
Imperial Oil Limited today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on October 1, 2018, to shareholders of record at the close of business on September 4, 2018. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the petroleum industry. The company has paid dividends every year for over a century and has increased its annual dividend payment for 23 consecutive years.
Imperial Oil Limited is pleased to announce the appointment of Miranda C. Hubbs to its Board of Directors, effective July 26, 2018.
Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO) have histories dating back to the 1800s. Is one a better pick for your portfolio today?
Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO) and Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) have enjoyed a nice bounce off the March lows. Is one headed even higher?
Analysts are calling for the price of oil to hit $150 per barrel. Expect Suncor Energy Inc. (TSX:SU)(NYSE:SU) to outperform regardless of oil forecasts.
Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Limited, will host a 2018 Mid-Year Update Call on Friday, July 27 following the company’s second quarter earnings release.
Imperial today provided an update on work to restore production at Syncrude following a power disruption on June 20 that resulted in a complete shutdown of all processing units. There are no shipments of synthetic crude from the operation at this time. Investigation into the cause of the power disruption is ongoing.
LONDON, UK / ACCESSWIRE / July 6, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equitiesfrom the Oil & Gas - Integrated industry: Cenovus Energy, Husky Energy, Imperial Oil, and Suncor Energy. Today's stocks of interest consist of: Cenovus Energy Inc. (TSX: CVE), Husky Energy Inc. (TSX: HSE), Imperial Oil Ltd (TSX: IMO), and Suncor Energy Inc. (TSX: SU).
Imperial Oil (IMO) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
Syncrude's latest outage is bad news for Suncor Energy Inc. (TSX:SU)(NYSE:SU) and Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO).