Imperial Oil Ltd T.IMO

Alternate Symbol(s): IMO

Energy Oil & Gas Integrated

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.

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Imperial Oil Ltd

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Comment by JackieTreehornon Feb 14, 2019 10:57am

124 Views

Post# 29364001

RE:Poor little Richy Kruger

Your belief is Imperial's profitability is of no interest, and is only a vehicle for Exxon's profitability? There is a range where Canadian heavy should trade at relative to WTI. Because of government interference, it has over-corrected and will lead to:

-Rising inventory levels
-Differential widening again
-Layoffs as nobody is drilling (especially on the service side)

IOL invested (as did Husky and Suncor) in risk mitigation, whereas Cenovus put all their eggs in the new pipeline basket. You can't run to the government everytime your decisions turn out to be wrong. Gov't interference has caused the pipeline debacle, so now the answer is more government interference?

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