IMO:CC News and Press, Imperial Oil Limited From 04/05/22

“Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies,” as reported by Bloomberg. In fact, “Oil sands companies are able to in...

Early Monday, Exxon (XOM) filed an 8k providing detail around key factors impacting Q1 earnings; taking the mid-point of the range for each factor, it appears Exxon (XOM) Q1 underlying earnings could be ~$2.39 per share, versus current street expectations for $2.17.  The Company noted th...

Energy is one of the biggest sectors in Canada, which is understandable considering the country’s share of of the world’s energy resources. This has its pros and cons. When there is an energy crisis, Canada’s economy and the TSX’s performance suffer. But when oil...

Petroteq Energy Inc. (TSXV: PQE) (OTC: PQEFF), an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, just announced that the Founder, a Former Chairman and CEO, Mr. Alex Blyumkin has tendered his shares in respect to...

Rising inflation makes it difficult to lay down the groundwork for a safe landing in retirement. Canada’s inflation rate of 5.7% last month is the highest since August 1991. The reading in early March showed a spike when oil hit US$130 per barrel. While the rising cost of living can ...

With the average price of Dated Brent oil hitting $100 a barrel recently, Canadian consumers have been acutely feeling the impacts of surging commodity prices. Exacerbated by supply chain issues, sky-high inflation, and the Russian invasion of Ukraine, domestic oil and gas prices have surge...

Statistics Canada was set to release its February 2022 inflation report this morning. By the time this article publishes, readers will likely have had the opportunity to view that report. Most analysts expect that inflation will rise once again from January. The Bank of Canada (BoC) hiked i...

The impact of the oil price war and global pandemic in 2020 was harsh on oil stocks. Industry players, big and small, were not spared when their share prices suffered significant drops . Overall, the sector was the year’s worst performer. Many companies had to slash or stop divid...