Imperial Oil: Holding For A Better Price
@Fluidsdoc：
SummaryImperial Oil is a large diversified Canadian heavy oil producer.The valuations are attractive but we rate it a hold at present prices.A dip toward $40 USD would put it in the buy zone.All prices in CAD unless noted.PhototreatIntroductionImperial Oil (NYSE:IMO) is a Canadian heavy oil producer with upstream and downstream operations. Demand for the low gravity oil it produces has boosted revenues and profits over the last couple of years. Recently there has been weakness across the board in oil names, thanks to a 25% pull back in WTI and Brent has had the same effect on IMO, and this presents an opportunity to buy this company at a discounted valuation.Price chart for IMO (Seeking Alpha)It also is taking steps toward entering the low carbon fuels business with alarge investmentn
