Tags » Imperial Oil Ltd

Lessons from the oil shock: Avoid mass firings, lavish towers and backroom deals

The worst oil shock in Canadian oilpatch history is letting up. Rig jobs are re-appearing, investment is rising and stock prices are responding.

The two-year nightmare — concentrated in Alberta, Saskatchewan and Newfoundland — started when Saudi Arabia unleashed another price war to drive competitors out of business. 844 more words

Energy

Imperial Oil, BP in limbo after Canada freezes Arctic drilling

Energy firms including Imperial Oil and BP will get a year of consultations to hash out the fate of their rights in Canada’s Arctic after Prime Minister Justin Trudeau’s drilling freeze set the stage for a dispute over licence extensions. 721 more words

Energy

Arrested Development: Why Strathcona County loves its hydrocarbon projects

Resistance to infrastructure projects — whether they be pipelines, hydro dams, mines or wind turbines — has become commonplace in Canada. But it’s costing us. As part of a four-month investigation, the Financial Post identified as many as 35 projects, worth $129 billion, that have been stalled or cancelled due to opposition from environmental, aboriginal and/or community groups. 1,864 more words

Energy

Imperial Oil Ltd upgraded, poised to return cash

Imperial Oil Ltd. was upgraded to neutral from underperform as a result of its improving cash flow profile.

Brian Bagnell at Macquarie Capital, who also raised his price target on the stock to $45 from $41, estimates Imperial could generate $3.6 billion in cash flow on $1.2 billion in spending and $500 million from its current dividend. 125 more words

Trading Desk

Imperial Oil profit edges above $1 billion in third quarter, thanks to sale of gas stations

Imperial Oil says the sale of its gas stations helped the company achieve a $1-billion quarterly profit for the first time in more than two years. 160 more words

Energy

Imperial Oil profit edges above $1 billion in third quarter, thanks to sale of gas stations

Imperial Oil says the sale of its gas stations helped the company achieve a $1-billion quarterly profit for the first time in more than two years. 159 more words

Energy

Yedlin: Two energy futures at play in Canada

Two tales of Canada’s energy future are being spun across the country.

One is realistic and recognizes oil and natural gas will remain important components in the global economy. 1,079 more words

Energy