Our updates help keep you on track: Imperial Oil, Pembina Pipeline & Brookfield Renewable

Article Excerpt

IMPERIAL OIL LTD., $68.04, is a buy. The company (Toronto symbol IMO; Shares outstanding: 584.2 million; Market cap: $39.8 billion; TSINetwork Rating: Average; Dividend yield: 2.9%; www.imperialoil.ca) raised your quarterly dividend by 13.6% with the July 2023 payment, to $0.50 a share from $0.44. The new annual rate of $2.00 yields 3.0%. Imperial has teamed up with other oil sands producers to develop a system that will collect carbon dioxide emissions and transport them to an underground storage facility near the company’s Cold Lake project in northern Alberta. This project would help Imperial with its goal of cutting greenhouse gas emissions from its oil sands projects by 30% compared to its 2016 levels. The company has also committed to achieving net-zero greenhouse gas emissions from its oil-sands operations by 2050. Imperial Oil is a buy. PEMBINA PIPELINE, $41.18, is a buy. The company (Toronto symbol PPL; Shares outstanding: 550.4 million; Market cap: $23.0 billion; TSINetwork Rating: Average; Dividend yield: 6.5%; www.pembina.com) operates pipelines that carry half of Alberta’s conventional oil and…