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Imperial Oil Ltd T.IMO

Alternate Symbol(s):  IMO

Imperial Oil Limited is an integrated oil company. It is engaged in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a producer of crude oil, a petroleum refiner, a marketer of petroleum products, and a producer of petrochemicals. Its segments include Upstream operations, which include the exploration for, and production of, crude oil, natural gas, synthetic crude oil and bitumen; Downstream operations, which consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products; and Chemical operations, which consist of the manufacturing and marketing of various petrochemicals. Its operations include Cold Lake, Kearl, Nanticoke, Sarnia and Strathcona refinery. Its products and services include Asphalt, Chemical products, Esso and Mobil stations, Esso Commercial Cardlocks, Lubricants, Safety Data Sheets and others.


TSX:IMO - Post by User

Bullboard Posts
Post by BroomHildaon Jun 16, 2000 7:20pm
117 Views
Post# 2075934

Lots more beside an unlikely takeover

Lots more beside an unlikely takeover IMO is enjoying a banner time. We all know the main fundamentals are great in this sector. IMO is spending a number of millions of dollars over the next 2 - 5 years to upgrade its existing facilities to meet Sulphur emmissions standards. It also needs to upgrade depending on which product mix it decides to focus on for the long term. Regarding any merger, the real merger is more likely to be here in Canada between IOL and Mobil Canada. As I`m sure everyone is aware there is no real redundancy between them in the downstream end of the business. It is my understanding that the upstream is already undergoing a feasibility study on this very thing. Stay invested and stay longer term.
Bullboard Posts