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Imperial Oil Ltd.
IMO.AISIN: CA4530384086SEDOL: 2454252 |
Rating: STRONG SELL |
Target Price: 23.25 USD |
Investment Horizon: 6 to 12 months |
3Q 08 Update Report
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Imperial Oil Ltd. (Imperial) registered strong top-line and margin growth in 3Q 08 which exceeded our estimates given higher than expected refined product sales during the quarter....
3Q 08 News Alert
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Imperial Oil Ltd. (Imperial) reported strong results during 3Q 08 given higher realized hydrocarbon prices during the quarter. However, given current economic conditions and fears that global slowdown will impact growth in hydrocarbon demand, we maintain our current rating for the company until we reassess it in our next update report....
Company News Alert
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Imperial Oil Ltd.’s (Imperial) common stock price has declined significantly since our last update report, reflecting a widespread sell-off in global equity markets and investor concerns regarding a possible slowdown in demand for hydrocarbons....
2Q 08 Update Report
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Imperial Oil Ltd. (Imperial) reported robust top-line growth in 2Q 08 driven by higher realized crude oil prices. Going forward, we expect a decline in hydrocarbon prices and a decline in natural gas and natural gas liquid production associated with mature assets to negatively impact top-line growth....
2Q 08 News Alert
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Imperial Oil Ltd. (Imperial) reported strong 2Q 08 results, attributable to higher realized hydrocarbon prices during the quarter. However, its earnings growth was marginally impacted by rising input costs in its Downstream segment. As the common stock price has declined since the last update report and no longer supports our HOLD rating, we upgrade the common stock from a HOLD to a BUY....
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