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Imperial Oil Ltd upgraded on strong free cash flow outlook

Imperial Oil Ltd. was upgraded to outperform from market perform at Raymond James, where analyst Chris Cox says the energy producer has the best prospects to achieve analysts’ free cash flow forecasts. 257 more words

Trading Desk

Imperial Oil is looking to sell its operations in the Northwest Territories

Imperial Oil Ltd. is looking for a buyer for its historic Norman Wells operations in the far north as the producer focuses on its larger business farther south. 159 more words

Energy

Solvents to the rescue: How chemistry can save the oilsands industry

CALGARY – From nuclear bombs to radio waves, to a combustible “fire flooding” idea, scientists have tried, with some successes and many failures, to develop new and improved ways to pull oil from the oilsands since the 1970s. 1,005 more words

Oil Sands

Imperial Oil posts $181M loss tied to Alberta wildfires, revenue falls 14%

Imperial Oil had a $181-million loss in its second quarter, mostly due to the wildfires that raged through northern Alberta in May.

The Calgary-based company says the wildfires accounted for $170 million of the reduction in its net income from last year’s second quarter, when the company was profitable. 176 more words

Energy

Imperial Oil posts loss, hurt by Fort McMurray wildfires

Imperial Oil had a $181-million loss in its second quarter, mostly due to the wildfires that raged through northern Alberta in May, sparking a massive evacuation and curtailing oilsands production. 275 more words

Energy

National Energy Board grants Imperial Oil more time to build Mackenzie Gas Project

CALGARY — The National Energy Board is giving Imperial Oil until the end of 2022 to start building the long-delayed Mackenzie Gas Project, a pipeline that would ship natural gas from the Northwest Territories to northern Alberta. 203 more words

Energy

Analysis - Imperial Oil Ltd. Increases Dividend by 9%

Imperial Oil Ltd. announced a regular quarterly dividend of $0.118 per share, a 9 percent increase from the prior rate of $0.108 per share. The dividend will be paid at the new higher rate on July 1, 2016, to shareholders of record at close of business on June 3, 2016. 169 more words

Dividends