IMO:CC News and Press, Imperial Oil Limited From 06/16/22

Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...

The TSX closed below 20,000 for the first time since July 20, 2021, to start the week of June 13, 2022. Its counterparts in the U.S. had nasty drops, especially the S&P 500, which entered bear territory. The correction in Canada’s lead stock market was intense, as all 11 prim...

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has taken up and paid for 32,467,532 common shares (“Shares”) at a price of $77.00 per Share (the “Purchase Price”) under Imperial’s offer (the “Offer”) t...

Imperial Oil (NYSE:IMO) shares popped ~5% pre-market after the Canada's oil company announced preliminary results of its substantial issuer bid. Pursuant to the bid, the company offered to purchase for cancellation up to C$2.5B of its common shares. The offer, which expired on June ...

Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the preliminary results of its substantial issuer bid (the “Offer”), pursuant to which Imperial offered to purchase for cancellation up to $2.5 billion of its common shares (the “Shares”). Th...

Stock investing isn’t without risks, but investors can reap enormous rewards by going long on their chosen equities. Many of these patient investors have even doubled their money in five years. Today, the potential to derive the same benefit through passive investing is high. You...

Exxon Mobil is one of many oil stocks that rallied with this year's rise in oil prices. People are beginning to sound the alarm about oil stocks like Exxon because the trade is getting very popular. Oil stocks aren't as cheap as they used to be, but Exxon, specifically, trades at ...

The S&P/TSX Capped Energy Index moved up 1.64% to close out the week on May 27. In late February, I’d looked at top energy stocks to scoop up as oil and gas prices remained strong. That momentum kicked into high gear after Russia’s invasion of Ukraine on February 24. ...

Making retirement savings last is the primary concern of seniors, whether retired or due to retire. While the Old Age Security (OAS) and Canada Pension Plan (CPP) are indexed to inflation, managing the lifetime pensions when the rate is sky high isn’t a walkover. However, offsett...

House Speaker Pelosi said Thursday that Democrats will present a bill on gasoline price gouging next week. The bill will enable the President to issue emergency declarations making it illegal to increase gasoline prices, according to Bloomberg Energy reporter Javier Blas:   Recent effort...