Stockchase Opinions

Jim O'Shaughnessy Imperial Oil IMO-T PAST TOP PICK Jan 23, 2007

(A Top Pick Feb 2/06. Down 5%.)
$40.600

Stock price when the opinion was issued

integrated oils
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TOP PICK

Bought this around $92 with proceeds from CNQ. Attracted to the chart. A swing chart, easy to trade. Hopes it'll go to at least $105 or so, which is when he'd probably sell. Yield is 3%.

(Analysts’ price target is $104.56)
SELL

Performed very well. Aggressively buying back stock. Trades at a deserved premium. But today he'd prefer CNQ. Good tax-loss candidate. Very strong balance sheet. FCF today is not what it was.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Markets have factored in lower oil prices into the share price, but as the company is also a refiner, its downstream segment will benefit from lower feedstock costs.  It trades at 12x earnings, under 2x book and supports a ROE of 21%.  The company will announce latest financial results today -- we'll see if they are able to continue growing cash reserves.  We recommend setting a stop-loss at $67, looking to achieve $103 -- upside potential of 16%.  Yield 2.9%

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PAST TOP PICK
(A Top Pick Apr 17/25, Up 16.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IMO has achieved its target at $103.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $67) to $84.

DON'T BUY

This trades at a massive premium, which he doesn't understand. IMO is not attractive in terms of price-cash flow, dividend or free cash-flow yield. Look at Athabasca instead (see his comments).

PAST TOP PICK
(A Top Pick Mar 12/25, Up 2%)

(Note the short timeframe.)  This is a swing trade. Looking at the chart, you can see how the stock likes to go down to $90-ish, and then go up to $100-ish. That's 10% that you can trade and trade. He always buys on the bounce.

He feels that all oil will break out eventually. He's hoping to get $100 on this, though it's pulled back a bit. If it gets there, he'll probably sell and then get back in if it returns to the bottom. If it doesn't, his buy price was close to the bottom so he isn't losing anything.

PAST TOP PICK
(A Top Pick Apr 03/24, Up 10%)

Basic premise is that Canadian oil companies have unbelievable assets. Well north of 20% dividend growth. Great cashflow and shareholder returns. Oil's just broken a triple top on a point-and-figure chart, and these companies look as though they're about to reaccelerate. 

He'd buy this one, and he'd buy CNQ.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 17/25, Up 27.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with IMO is progressing well.  To remain disciplined, we recommend trailing up the stop (from $84) to $94 at this time.

TOP PICK

Oil & gas sector has been consolidating. This name is breaking out to new highs, and that's a great tell. 25 years of reserve life. Three separate issuer bids, with another right now. Very high quality. If the commodity cycle goes on, energy will likely participate. These stocks should normally be weak this time of year, but they're making new highs instead; tells you there's lots of upside. His call is for longer-term higher oil prices.

Great company to protect your purchasing power. 30 years of consecutive dividend increases. Yield is 2.55%, with compound annual growth rate of 22% over last 5 years.

(Analysts’ price target is $103.26)
PAST TOP PICK
(A Top Pick Mar 12/25, Up 17%)

(Note the short timeframe.)  Just took profits, and rolled them into natural gas. Chart's broken out, so an investor could choose to stay in the stock. Nothing wrong with the company.