Tags » Imperial Oil Ltd

Varcoe: Big contrast in meetings as oil giants grapple with price rollercoaster

Suncor Energy Inc.’s annual meeting this week was so action-packed, they should have sold popcorn outside the Telus Convention Centre.

In contrast, Friday’s annual meeting at Imperial Oil Ltd. 902 more words

Politics

CEOs of TransCanada, Imperial Oil say new emission rules not necessary

The CEOs of two of Canada’s biggest energy companies spoke out Friday against recent moves by federal and provincial governments to toughen emission-based regulations.

Russ Girling, CEO of TransCanada Corp., said he believes new federal requirements that take into account upstream emissions when reviewing pipelines are not needed. 493 more words

Energy

Oilsands greenhouse gas emissions cap unnecessary, says Imperial Oil Ltd CEO

CALGARY — A cap on greenhouse gas emissions in the oilsands is an unnecessary part of Alberta’s climate leadership plan, Imperial Oil Ltd.’s CEO said Friday. 507 more words

Energy

Imperial Oil reports $101M quarterly loss on lower oil prices

Imperial Oil Ltd. lost $101 million in its latest quarter, hurt by lower oil prices, offset in part by a weaker Canadian dollar.

The company says the loss amounted to 12 cents per share for the quarter compared with a profit of $421 million or 50 cents per share in the same quarter last year. 95 more words

Energy

Imperial Oil Ltd reports loss on lower oil prices, offset in part by weaker loonie

CALGARY — Imperial Oil Ltd. lost $101 million in its latest quarter, hurt by lower oil prices, offset in part by a weaker Canadian dollar. 125 more words

Energy

Why now is a good time to own Imperial Oil Ltd

Imperial Oil Ltd. was upgraded to outperform from sector perform at AltaCorp Capital as recent weakness in the stock is considered unwarranted.

Analyst Nick Lupick, who maintained his $50 price target on Imperial Oil shares, implying upside of more than 20 per cent, noted that they’ve dramatically unperformed other Canadian large caps since the end of March on little operational news. 230 more words

Trading Desk

Last Canadian Oil Sands holdouts forced to tender to $4.9B Suncor offer

In the end, Doug Turner says he just wanted to be there to see it for himself as Canadian Oil Sands Ltd. hosted its last shareholders’ meeting Monday, at which 99.86 per cent of the stock was voted in favour of finalizing its $4.9-billion sale to rival Suncor Energy Inc. 523 more words

Energy