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'Immense developments' pleased Winston Churchill during Alberta visit in 1929

Two local events this week celebrate Winston Churchill, which prompted historian David Finch to take a look back at Churchill’s visit to Alberta in 1929. … 407 more words

Local News

Imperial Oil Ltd downgraded despite possible share buyback

Disappointing performance at the Kearl oil sand project and potential challenges in the Alberta diesel market prompted a downgrade of Imperial Oil Ltd.

CIBC World Markets analyst Arthur Grayfer cut his rating on the Canadian energy producer to neutral from outperform, and lowered his price target to $45 from $50. 240 more words

Trading Desk

Five things you should know before you start your work day on May 1

Good morning. Editor Nicole MacAdam (@nicole_mac1) here. Canada is said to be ‘dragging its feet’ on the next auction of spectrum, Imperial Oil’s chief executive raises concerns about oilsands competitiveness, and how Home Capital went from market darling to on the brink. 835 more words

Executive

Imperial Oil worries about competitiveness as it weighs next phase of oilsands growth

Imperial Oil Ltd., the Canadian subsidiary of Exxon Mobil Corp., isn’t joining the exodus of oil majors out of Canada.

But Canada’s longest-established oil company isn’t in a rush to expand either as it weighs whether to embark on a new phase of oilsands’ growth. 668 more words

Energy

Imperial Oil reverses loss with $333 million quarterly earnings, will increase dividend

CALGARY — Imperial Oil (TSX:IMO) is reporting first-quarter earnings that reversed a loss in the same period of last year but fell short of analyst expectations. 148 more words

News

Four Canadian energy firms shut pipelines after crude leak in Strathcona County near Edmonton

A group of four Canadian energy companies including Imperial Oil has shut in and de-pressurized pipelines after crude oil spilled into a creek in Strathcona County, which is near Edmonton, on Saturday, CBC News reported on Sunday, citing an Alberta official. 77 more words

News

Gas retailers are battered by low margins, but Parkland is betting on scale

Parkland Fuel Corp.’s acquisition of Chevron Corp. gas stations solidifies the Red Deer company as Canada’s largest fuel retailer, but it also signals an ongoing shakeup in the retail market that’s been battered by low profits. 592 more words

Energy