|Bid||34.90 x 0|
|Ask||35.20 x 0|
|Day's Range||34.93 - 35.60|
|52 Week Range||33.43 - 44.91|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||21.74|
|Earnings Date||Feb 1, 2019|
|Forward Dividend & Yield||0.76 (2.19%)|
|1y Target Est||46.24|
NEW YORK, NY / ACCESSWIRE / December 10, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
Alberta Premier Rachel Notley’s plan to cut through an unrelenting glut of heavy crude has perked up Canadian oil prices and energy shares. But analysts warn the government’s hand on the output tap can only do so much to stabilize a dysfunctional market desperate for new pipelines.
The plan announced on Sunday will lower production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage is drawn down. The discount of Western Canadian Select crude to U.S. benchmark West Texas Intermediate oil narrowed $9.25 to $19.75 a barrel as of 10:11 a.m. New York time Monday, the tightest it’s been since July, data compiled by Bloomberg showed. Shares of oil producers operating in Alberta also surged, while there were declines for refining companies who had benefited from supplies of cheap crude.
The earlier than expected advent of peak oil demand will impact oil sands producers such as Imperial Oil Ltd. (TSX:IMO)(NYSEMKT:IMO).
Investors looking for earnings potential should consider Bank of Montreal (TSX:BMO)(NYSE:BMO) and others that have rewarded shareholders for well over a century.
Imperial Oil Ltd (TSX:IMO)(NYSE:IMO) rarely comes up as a top pick around the water cooler, but that might begin to change. Here's why.
Two Canadian-based crude producers are looking to double down on their oil sands investments, betting that new pipelines and cutting-edge technology can improve profitability and reduce environmental damage. Calgary-based Imperial, majority owned by Exxon Mobil Corp (:XOM - News), said late on Tuesday it would build its C$2.6-billion Aspen project. Teck has not yet made a final investment decision on its C$20.6-billion Frontier project, which is undergoing regulatory hearings.
The Calgary, Alberta-based company, which is majority owned by Exxon Mobil, said it would start construction on the 75,000-barrel-per-day project in the fourth quarter of 2018 with first output expected in 2022. The Aspen project will use new recovery technology to lower emissions and water use and improve project economics, the company said. Alberta's oil sands have been criticized for being more carbon intensive than other global crude operations.
Imperial announced today that it has made a final investment decision to develop its Aspen project, located about 45 kilometres northeast of Fort McMurray, Alberta. The project, which is expected to produce about 75,000 barrels of bitumen per day, will include the first major commercial application of next-generation oil sands recovery technology designed to lower greenhouse gas emissions intensity and water use, while improving development economics.
Nervous about volatility? Here are three low-beta stocks, including Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO), that can help you rest easy.
NEW YORK, NY / ACCESSWIRE / November 6, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Two new oilsands projects with the combined capacity to produce up to 200,000 barrels per day have been approved by the Alberta Energy Regulator but proponent Imperial Oil Ltd. isn't saying when or if it will build them. Company experts are scouring the "guts and feathers" of the decisions on its 50,000-bpd Cold Lake expansion and 150,000-bpd Aspen projects, both of which would use solvent and steam to recover bitumen from wells, said CEO Rich Kruger on a conference call to discuss third-quarter results on Friday. The prospect of producing more heavy oil comes at a difficult time as discounts being paid for Western Canadian Select bitumen blend crude versus New York-traded West Texas Intermediate are hovering near US$40 per barrel, about three times typical differences.
Output at Kearl jumped 34 percent to 244,000 barrels per day in the third quarter, after struggling to hit full capacity since 2016. "The strong performance from Kearl should bode well for sentiment, as it appears that the company is beginning to find some operational momentum at the company's largest project," Raymond James analyst Chris Cox wrote in a note. Total production beat the brokerage's estimate of 367,000 boe/d, sending the shares of the company as much as 6 percent higher to C$43.93 on the Toronto Stock Exchange.
Rich Kruger has been the CEO of Imperial Oil Limited (TSE:IMO) since 2013. First, this article will compare CEO compensation with compensation at other large companies. After that, we will Read More...
Imperial Oil Limited today declared a quarterly dividend of 19 cents per share on the outstanding common shares of the company, payable on January 1, 2019, to shareholders of record at the close of business on December 3, 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 24 consecutive years.
Imperial Oil (IMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rich M. Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Limited, will host the company's 2018 Investor Day on Wednesday, November 7 in Toronto. At Investor Day, Imperial's management will provide an update on its business strategy, operations and major projects followed by a question and answer session. In addition to Mr. Kruger, Imperial's senior vice-president, upstream, John Whelan, senior vice-president, finance and administration, Dan Lyons and senior vice-president, commercial and corporate development, Theresa Redburn will be in attendance.
Rich Kruger, chairman, president and chief executive officer, and Dave Hughes, investor relations manager, Imperial Oil Limited, will host a 2018 Third Quarter Earnings Call on Friday, November 2 following the company’s third quarter earnings release.