David Burrows - BNN - TOP PICK Imperial Oil (IMO TSX)
Imperial Oil is an integrated producer with long-life assets a rock-solid balance sheet and operational excellence. The ongoing significant share buybacks and dividend growth is likely to provide investors with total return and inflation protection. The five-year dividend growth has had a compound annual growth rate of 23 per cent and the balance of free cash flow is being directed to share buybacks. Technically, the energy sector exited a long bear market and is likely to enjoy multiple expansions over the next few years.
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