Updating Imperial Oil Ltd., Dundee Corp., Encana Corp., and Arbor Memorial Services Inc.

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IMPERIAL OIL LTD. $41 (Toronto symbol IMO; Conservative Growth Portfolio, Resources sector; Shares outstanding: 953.0 million; Market cap: $39.1 billion; SI Rating: Average) had to cut production by 50% at its Nanticoke refinery in Ontario due to a fire. This plant accounts for about 25% of Imperial’s refining capacity, and the slowdown led to shortages at many of its Ontario gas stations. It will probably take a few more weeks for the plant to return to full capacity, but it’s unlikely the fire will have a material impact on Imperial’s 2007 profits. Imperial Oil is a buy. DUNDEE CORP. $52 (Toronto symbol DC.A; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 25.1 million; Market cap: $1.3 billion; SI Rating: Average) has increased its stake in Breakwater Resources Ltd., from 18.4% to 21.55%. (Breakwater operates zinc mines in British Columbia, Honduras and Chile.) The extra shares cost Dundee $3.1 million, which is slightly less than the $0.13 a share (total $3.5 million) it earned…