
TSE:IMO
Basically peaked out in 2008 in conjunction with the oil price and has been flat ever since. Have very good assets. Building the Kearl oil sands project and will be coming on stream soon. It’s always trading at a premium, partly because they are 75% owned by Exxon (XOM-N). Also, the dividend yield is not attractive enough for him. If you own, it will do you well in the longer-term.
(Market Call Minute) No identifiable catalyst.