IMO focuses on core assets

IMPERIAL OIL LTD., $56.91, is a buy. The company (Toronto symbol IMO; Shares outstanding: 636.7 million; Market cap: $37.7 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No. 1) and Suncor. U.S.-based ExxonMobil (New York symbol XOM)… Read More

IMO meets buyback target

IMPERIAL OIL LTD., $63.54, is a buy. The company (Toronto symbol IMO; Shares outstanding: 636.7 million; Market cap: $40.5 billion; TSINetwork Rating: Average; Dividend yield: 2.1%; www.imperialoil.ca) has completed its plan to buy back $2.5 billion of its common shares through a Dutch auction process.
Under the plan, Imperial… Read More

Dividend ETFs aim to provide solid income

Rising interest rates mean dividend-paying stocks must increasingly compete for investor interest in fixed-income investments. However, sustainable dividends still offer an attractive and growing income stream for investors.
Meanwhile, dividend-focused ETFs can—but not always—follow strategies that we feel set investors up for maximum long-term gains with… Read More

Cash flow soared 182.2% at Imperial Oil Ltd.

Cash flow soared 182.2% at Imperial Oil Ltd.

Improved bitumen prices led to a 104.1% jump in revenue for this company during the most-recent quarter.

Exploration and upgrades coupled with increased production should boost its numbers even further.

Meanwhile the stock trades at just 10.0 times the company’s 2022 earnings forecast.

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IMPERIAL OIL LTD. (Toronto symbol… Read More