|Bid||15.57 x 800|
|Ask||15.62 x 900|
|Day's Range||15.38 - 16.05|
|52 Week Range||7.04 - 28.75|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||12.89|
|Forward Dividend & Yield||0.63 (3.95%)|
|Ex-Dividend Date||Jun. 03, 2020|
|1y Target Est||N/A|
Imperial Oil (IMO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dividend kings like BCE Inc. (TSX:BCE)(NYSE:BCE) and Bank of Montreal (TSX:BMO)(NYSE:BMO) and their impressive dividend histories would look good in any portfolio. The post These 3 Canadian Dividend Kings Haven't Missed a Payout for 100+ Years appeared first on The Motley Fool Canada.
Avoid high yield traps by investing in companies that are committed to the dividend and are supported by an investment grade credit rating. The post Top High Yield Dividend Stocks on the TSX Index appeared first on The Motley Fool Canada.
Ladies and gentlemen, thank you for standing by, and welcome to the Imperial Oil Q1 2020 Earnings Conference Call. Before we start, I'm going to start by noting that today's comments may contain forward-looking information.
CALGARY — Imperial Oil Ltd. is slowing or deferring maintenance work throughout its operations as it tries to ensure employee safety in the wake of a COVID-19 outbreak that has infected 83 workers at its Kearl oilsands mine in northern Alberta.The Calgary-based company said Friday it will start a planned one-month maintenance shutdown of one of its two production trains at Kearl in a few days and extend it by an extra month to late June or early July to allow more distancing between workers.The extension means production at Kearl will fall from the record average of 226,000 barrels per day in the first quarter — and 238,000 bpd in March — to about 150,000 bpd in the second quarter, CEO Brad Corson told a conference call on Friday."This allows us to progress at a more measured pace and greatly reduce the number of people we have working at site at any given time and without affecting the overall scope," he said."It also allows us to complete the work at a time of likely low prices so we can have the asset fully up and running as and when prices recover."He said the company has also reduced the scope of maintenance at its Sarnia, Ont., refinery, will defer planned work at its Sarnia chemical plant and is postponing planned maintenance at its Nanicoke, Ont., and Strathcona (Edmonton) refineries until after this year.Twenty-two of the Kearl workers stricken with the coronavirus have recovered and the others are being monitored or treated as necessary, Corson said.Work at the project is continuing with enhanced physical distancing, cleaning and health screening, along with supplying face masks and moving fewer workers on transport airplanes and buses.Kearl is owned by Imperial at 71 per cent and its parent company, ExxonMobil, with 29 per cent.The record output at Kearl thanks to the introduction of supplemental ore crushers drove overall Imperial production to about 419,000 barrels of oil equivalent per day in the first three months of 2020, up from 388,000 boe/d in the same period last year.Record throughput at its Strathcona refinery helped take its overall processing total to 383,000 barrels per day, the same as a year ago.Corson said demand for jet fuel and gasoline fell significantly in March, while diesel demand dropped by a more moderate amount, due to measures taken to limit the pandemic. However, there are signs demand may be slowly recovering, he added.Imperial reported a net loss of $188 million in the first quarter due to lower commodity prices and non-cash charges of $301 million, with $281 million of that due to a reduction in the value of its inventory as crude oil prices plunged in March and $20 million from a goodwill impairment.It had a net profit of $293 million in the same quarter last year.Fellow oilsands producers Husky Energy Inc. and Cenovus Energy Inc. both reported writedowns and losses earlier this week.Imperial's revenue and other income totalled $6.69 billion in the quarter, down from $7.98 billion in the first quarter of 2019.Imperial’s average realized bitumen price averaged $18.08 per barrel in the first quarter of 2020, compared to $48.85 per barrel in the first quarter of 2019.Crude-by-rail shipments averaged 97,000 bpd from its co-owned Edmonton rail terminal in the first quarter of 2020, up from 53,000 bpd in the fourth quarter of 2019.Shipments by rail fell to about 10,000 bpd in April and are being phased out as pipeline space is freed up amid industry-wide production cutbacks due to current low oil prices, said Corson.Analysts said Imperial beat their expectations on production and on cash flow, the latter thanks to higher profits from its refining and marketing sector.Imperial cut its 2020 capital spending plan at the end of March by $500 million to between $1.1 billion and $1.2 billion and targeted a reduction in expenses by $500 million compared with 2019 levels in an effort to deal with impact of the pandemic.This report by The Canadian Press was first published May 1, 2020.Companies in this story: (TSX:IMO)The Canadian Press
Imperial Oil (TSE:IMO) shareholders are no doubt pleased to see that the share price has bounced 53% in the last month...
Worried about negative oil prices? Quash those fears by investing in the oil stock with a fortress balance sheet: Imperial Oil (TSX:IMO)(NYSE:IMO).The post What Do Negative Oil Prices Mean for Imperial Oil (TSX:IMO)? appeared first on The Motley Fool Canada.
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.
Imperial Oil Ltd (TSX:IMO)(NYSEMKT:IMO) is one of the largest oil companies in Canada, but it also has a secret weapon that could make shares a buy.The post Should You Buy Imperial Oil (TSX:IMO) Stock After the 50% Plunge? appeared first on The Motley Fool Canada.
Today we'll look at Imperial Oil Limited (TSE:IMO) and reflect on its potential as an investment. Specifically, we're...
These 2 top TSX stocks have fallen to their multi-year low levels amid the brutal coronavirus market crash. Will you enter amid this weakness? The post TSX Stocks: 2 Canadian Bigwigs That Lost 50% in the COVID-19 Crash appeared first on The Motley Fool Canada.
Cheap stocks like Imperial Oil (TSX:IMO)(NYSE:IMO), Cineplex (TSX:CGX), and RioCan REIT (TSX:REI.UN) haven't been this low in over a decade. The post It's a Once-in-a-Decade Opportunity to Buy These 3 Cheap Stocks appeared first on The Motley Fool Canada.
Imperial Oil (TSX:IMO)(NYSEMKT:IMO) stock was punished in recent weeks. Will Exxon Mobil Corporation (NYSE:XOM) buy the company at bargain prices?The post Will Exxon Mobil Buy This Canadian Oil Stock? appeared first on The Motley Fool Canada.
The Zacks Analyst Blog Highlights: TC Energy, Imperial Oil, Suncor Energy, Canadian Natural Resources and Kinder Morgan
CALGARY — Imperial Oil Ltd. is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan as it deals with the COVID-19 pandemic and crash in oil prices.The company says its capital budget for this year is now set at $1.1 billion to $1.2 billion, down from its original guidance for between $1.6 billion and $1.7 billion.Imperial also says it has found opportunities to reduce operating spending by $500 million compared with last year.It is the latest company in the oilpatch to slash its capital spending plan for this year as the price of oil has tanked due to the pandemic and a oil price war between Saudi Arabia and Russia.The company says the impact of COVID-19 and the current business environment on demand is expected to hurt its upstream production and downstream refinery utilization as well as product sales.Imperial says the steps it is taking are designed to preserve its strong balance sheet, while allowing it to maintain its dividend. However, the company says it is suspending share repurchases.This report by The Canadian Press was first published March 31, 2020.Companies in this story: (TSX:IMO) The Canadian Press
Beaten-up stocks like Imperial Oil (TSX:IMO)(NYSE:IMO) and CI Financial (TSX:CIX) are terrific buying opportunities in today's market. The post Buying Opportunity: These 3 Top TSX Stocks Are Down 50% appeared first on The Motley Fool Canada.
To the annoyance of some shareholders, Imperial Oil (TSE:IMO) shares are down a considerable 36% in the last month...
It looks like Imperial Oil Limited (TSE:IMO) is about to go ex-dividend in the next 4 days. Investors can purchase...
Canadian investors who want nicely valued dividend stocks should look to add stocks like Imperial Oil Ltd. (TSX:IMO)(NYSE:IMO) and others this week.