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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 lowe0on Feb 03, 2019 8:21pm
237 Views
Post# 29312868

Poor little Richy Kruger

Poor little Richy Krugerhttps://www.coldlakesun.com/news/local-news/imperial-oil-blames-curtailment-program-as-it-cancels-crude-by-rail-shipments 
This article is laughable. Rich Kruger, an American CEO running a Canadian corporation is mad that the Alberta Production Curtailment has reduced the WTI price differential because now EXXON is not able to buy Canadian crude at the large differential it has become used to.
Poor little Richy was using his toy train set to ship oil to mother EXXON but now his train set sits idle and he is pouting.
His goal is not to make Imperial Oil proftable but he is more interested in mother EXXON being profitable. Alberta producers are happy wth curtailment because the differential has been reduced, thus they are recieving $30/barrel more than they were in November for their product while Richy sits in his office with nohing to play with.
Bullboard Posts