Imperial Oil

IMO-T

TSE:IMO

23.07
0.25 (1.10%)
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-biggest integrated oil company. Exxon Mobil Corp. had a 69.6 percent ownership stake in the company as of December 31, 2012.
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Analysis and Opinions about IMO-T

Signal
Opinion
Expert
BUY
BUY
April 9, 2020
If you want to wade back into the oil patch this is probably the one with the strongest balance sheet. The advantage is the long life of the oil sands as they don’t need to explore for new oil. Most of the barrels in their reserves will be sold at higher prices. They also have downstream integration. It is a relatively safe play in the oil patch.
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Imperial Oil (IMO-T)
April 9, 2020
If you want to wade back into the oil patch this is probably the one with the strongest balance sheet. The advantage is the long life of the oil sands as they don’t need to explore for new oil. Most of the barrels in their reserves will be sold at higher prices. They also have downstream integration. It is a relatively safe play in the oil patch.
PAST TOP PICK
PAST TOP PICK
January 7, 2020
(A Top Pick Jan 03/19, Up 4%) They have done virtually nothing in the past year. It's indicative of the whole energy sector. It's now trading at its book value, which hasn't happened since 1995 during the oil fears. He suspects oil will go higher, though it might not soar. If it goes up, companies like this that are cheap could do better than what anybody expects. Risks are very minimal since it's bottomed out already.
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Imperial Oil (IMO-T)
January 7, 2020
(A Top Pick Jan 03/19, Up 4%) They have done virtually nothing in the past year. It's indicative of the whole energy sector. It's now trading at its book value, which hasn't happened since 1995 during the oil fears. He suspects oil will go higher, though it might not soar. If it goes up, companies like this that are cheap could do better than what anybody expects. Risks are very minimal since it's bottomed out already.
TOP PICK
TOP PICK
January 7, 2020
Oil is up $3 with a possible war in the middle east. The stock is at a terrific value. Good upside potential. If everything works out well, it could have a huge upside in a recovery. (Analysts’ price target is $36.53)
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Imperial Oil (IMO-T)
January 7, 2020
Oil is up $3 with a possible war in the middle east. The stock is at a terrific value. Good upside potential. If everything works out well, it could have a huge upside in a recovery. (Analysts’ price target is $36.53)
TOP PICK
TOP PICK
September 18, 2019
He likes the dividend. You have to go back to 1992 before you find it trading so cheap to book value. It has 15-20% upside over the next year. In uncertain times, good companies like this bring comfort. Yield 2.41% (Analysts’ price target is $38.90)
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Imperial Oil (IMO-T)
September 18, 2019
He likes the dividend. You have to go back to 1992 before you find it trading so cheap to book value. It has 15-20% upside over the next year. In uncertain times, good companies like this bring comfort. Yield 2.41% (Analysts’ price target is $38.90)
DON'T BUY
DON'T BUY
July 25, 2019
Stock hasn't done anything in the last while. It moves with the price of oil. Doesn't have the beta of others, so doesn't provide the juice for capital gains. And other companies have a better dividend. Only 20% debt. Book value is $31.48. Not a big fan of the integrated companies.
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Imperial Oil (IMO-T)
July 25, 2019
Stock hasn't done anything in the last while. It moves with the price of oil. Doesn't have the beta of others, so doesn't provide the juice for capital gains. And other companies have a better dividend. Only 20% debt. Book value is $31.48. Not a big fan of the integrated companies.
DON'T BUY
DON'T BUY
May 31, 2019
A black cloud hovering over Canadian oil sector and until this clears up, he would avoid. Yield is low on this name. He would look at a company that pays a higher dividend and has more capital appreciation potential.
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Imperial Oil (IMO-T)
May 31, 2019
A black cloud hovering over Canadian oil sector and until this clears up, he would avoid. Yield is low on this name. He would look at a company that pays a higher dividend and has more capital appreciation potential.
COMMENT
COMMENT
April 18, 2019
What's the importance of target price increases? Targets are not important to him in the oil sector, because oil is in a cloud. Oil needs to see more takeovers. IMO is well-run and solid, but the oil space is in a trouble time.
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Imperial Oil (IMO-T)
April 18, 2019
What's the importance of target price increases? Targets are not important to him in the oil sector, because oil is in a cloud. Oil needs to see more takeovers. IMO is well-run and solid, but the oil space is in a trouble time.
DON'T BUY
DON'T BUY
March 19, 2019
The outlook and performance of the integrateds have done better than the oil producers. IMO yesterday postponed their Aspen Project for a year. IMO is fully valued now and he prefers CNQ or Suncor.
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Imperial Oil (IMO-T)
March 19, 2019
The outlook and performance of the integrateds have done better than the oil producers. IMO yesterday postponed their Aspen Project for a year. IMO is fully valued now and he prefers CNQ or Suncor.
DON'T BUY
DON'T BUY
February 7, 2019
He would be looking for a turn relative to its group and relative to the market and neither of those two are happening. It has been having a difficult time generating a total return over the years. There are better places.
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Imperial Oil (IMO-T)
February 7, 2019
He would be looking for a turn relative to its group and relative to the market and neither of those two are happening. It has been having a difficult time generating a total return over the years. There are better places.
DON'T BUY
DON'T BUY
January 9, 2019
Produce oil upstream and refine it. Stock under pressure since 2014, as most oil companies. Financially strong. Insulated from weak or declining oil prices, as they're integrated. Not enamoured with their asset base or their management, as they are with Suncor. Want to be careful with your exposure to the oil patch. Pipeline shortage and WTI discount are issues. Integrated companies like this are better than pure-play.
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Imperial Oil (IMO-T)
January 9, 2019
Produce oil upstream and refine it. Stock under pressure since 2014, as most oil companies. Financially strong. Insulated from weak or declining oil prices, as they're integrated. Not enamoured with their asset base or their management, as they are with Suncor. Want to be careful with your exposure to the oil patch. Pipeline shortage and WTI discount are issues. Integrated companies like this are better than pure-play.
TOP PICK
TOP PICK
January 3, 2019
Trading at its book value. It is as cheap as it has been since 1991. Whatever the bad news all is in the price. Buy it and shut up. Estimetaed P/E 12X (Analysts’ price target is $44.37)
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Imperial Oil (IMO-T)
January 3, 2019
Trading at its book value. It is as cheap as it has been since 1991. Whatever the bad news all is in the price. Buy it and shut up. Estimetaed P/E 12X (Analysts’ price target is $44.37)
DON'T BUY
DON'T BUY
August 29, 2018

He doesn't own any oil now and is not bullish. Instead, renewable energy and e-cars will take a lot out of oil down the road. Pays a dividend of nearly 2%.

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Imperial Oil (IMO-T)
August 29, 2018

He doesn't own any oil now and is not bullish. Instead, renewable energy and e-cars will take a lot out of oil down the road. Pays a dividend of nearly 2%.

DON'T BUY
DON'T BUY
July 16, 2018

He would not go near this one. It really has not made any money for people for a decade. He prefers SU-T.

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Imperial Oil (IMO-T)
July 16, 2018

He would not go near this one. It really has not made any money for people for a decade. He prefers SU-T.

COMMENT
COMMENT
May 10, 2018

One of these stocks that if somebody owns it makes you wonder if they bought it in the first place to hold it or to trade. He likes to stress game plans.

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Imperial Oil (IMO-T)
May 10, 2018

One of these stocks that if somebody owns it makes you wonder if they bought it in the first place to hold it or to trade. He likes to stress game plans.

COMMENT
COMMENT
May 1, 2018

A large amount of US exports are products. The refiners have crack spreads that are currently very favorable, which is why you’re seeing merger mania. Imperial Oil, Husky and others in this space are talking about significant profit growth in their Refining and Marketing business. Their net income this quarter was $516 million up from $333 the year before. If you look at the long-term chart, this stock hasn’t made money for investors. The dividend yield is not great. Compare it to Suncor. This hasn’t been an exciting place to be.

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A large amount of US exports are products. The refiners have crack spreads that are currently very favorable, which is why you’re seeing merger mania. Imperial Oil, Husky and others in this space are talking about significant profit growth in their Refining and Marketing business. Their net income this quarter was $516 million up from $333 the year before. If you look at the long-term chart, this stock hasn’t made money for investors. The dividend yield is not great. Compare it to Suncor. This hasn’t been an exciting place to be.

HOLD
HOLD
April 23, 2018

They got rid of some of their service stations to ATD.B-T. It is a big, solid company. It is down but there is nothing specific to them. He does not own any of the integrateds. If you want to get out, then wait and sell into strength.

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Imperial Oil (IMO-T)
April 23, 2018

They got rid of some of their service stations to ATD.B-T. It is a big, solid company. It is down but there is nothing specific to them. He does not own any of the integrateds. If you want to get out, then wait and sell into strength.

DON'T BUY
DON'T BUY
April 3, 2018

Imperial is out of favour. It hasn’t made investors any money in a long time. In 2008 it was a $56 stock, now it is $33. It’s book value is $29.40, balance sheet is in strong shape, production is down. If you want to own something in the refinery or E&P space, which is Imperial’s mix, look at Suncor.

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Imperial Oil (IMO-T)
April 3, 2018

Imperial is out of favour. It hasn’t made investors any money in a long time. In 2008 it was a $56 stock, now it is $33. It’s book value is $29.40, balance sheet is in strong shape, production is down. If you want to own something in the refinery or E&P space, which is Imperial’s mix, look at Suncor.

WEAK BUY
WEAK BUY
March 28, 2018

Exxon owns 69% of this. There have been some recent project cost overruns. There is nothing fundamentally wrong with this company. Pipeline issues may be influencing investor sentiment on how their production is going to get to market. At these levels he is looking at it harder.

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Imperial Oil (IMO-T)
March 28, 2018

Exxon owns 69% of this. There have been some recent project cost overruns. There is nothing fundamentally wrong with this company. Pipeline issues may be influencing investor sentiment on how their production is going to get to market. At these levels he is looking at it harder.

SELL
SELL
March 19, 2018

This chart is showing lower highs and lower lows and is at a 5 year low. He thinks it is best to exit this one as it is showing no signs of a bottoming formation.

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Imperial Oil (IMO-T)
March 19, 2018

This chart is showing lower highs and lower lows and is at a 5 year low. He thinks it is best to exit this one as it is showing no signs of a bottoming formation.

DON'T BUY
DON'T BUY
March 15, 2018

Not too warm on Imperial. Until the political environment in Canada (that is basically anti-energy) changes he wouldn’t invest in Canadian Energy. He would rather invest in energy companies outside of Canada.

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Imperial Oil (IMO-T)
March 15, 2018

Not too warm on Imperial. Until the political environment in Canada (that is basically anti-energy) changes he wouldn’t invest in Canadian Energy. He would rather invest in energy companies outside of Canada.

PAST TOP PICK
PAST TOP PICK
March 14, 2018

(A Top Pick June 2/17 Down 8%). Going back 30 years, he has not seen valuations this low. Is capital simply moving away from this space? His model puts book value at $31.

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Imperial Oil (IMO-T)
March 14, 2018

(A Top Pick June 2/17 Down 8%). Going back 30 years, he has not seen valuations this low. Is capital simply moving away from this space? His model puts book value at $31.

DON'T BUY
DON'T BUY
December 18, 2017

There is flat production. It was $58 in 2008 so in almost 10 years you have not had a return on this stock. He thinks we will get a production report increase this Wednesday. Frackers are running full out in the US to bring in more production. The industry is hedging to lock in prices. Speculators are as high as they have ever been. You should be careful in oily names.

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Imperial Oil (IMO-T)
December 18, 2017

There is flat production. It was $58 in 2008 so in almost 10 years you have not had a return on this stock. He thinks we will get a production report increase this Wednesday. Frackers are running full out in the US to bring in more production. The industry is hedging to lock in prices. Speculators are as high as they have ever been. You should be careful in oily names.

PAST TOP PICK
PAST TOP PICK
December 5, 2017

(A Top Pick Jan 19/17. Down 9%.) Had picked this because it was fairly cheap and fairly solid, as well as having a hedge through having a downstream company. This didn’t work out.

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Imperial Oil (IMO-T)
December 5, 2017

(A Top Pick Jan 19/17. Down 9%.) Had picked this because it was fairly cheap and fairly solid, as well as having a hedge through having a downstream company. This didn’t work out.

DON'T BUY
DON'T BUY
November 9, 2017

It has not made investors much money this year. Likely there will be a tax loss selling effect. He does not think there is a lot of return in it. SU-T would be much more appealing.

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Imperial Oil (IMO-T)
November 9, 2017

It has not made investors much money this year. Likely there will be a tax loss selling effect. He does not think there is a lot of return in it. SU-T would be much more appealing.

WATCH
WATCH
September 25, 2017

IMO-T vs. XOM-N. Oil is not going to take off in a big way but he has been buying oil on weakness over the last while. However he is now thinking of reducing his weight in oil. Now is not the time to step in. He would tend to stick with Canadian because of currency risk. They are getting over bought.

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Imperial Oil (IMO-T)
September 25, 2017

IMO-T vs. XOM-N. Oil is not going to take off in a big way but he has been buying oil on weakness over the last while. However he is now thinking of reducing his weight in oil. Now is not the time to step in. He would tend to stick with Canadian because of currency risk. They are getting over bought.

WEAK BUY
WEAK BUY
September 18, 2017

Lots of people like to own it because it is a big cap, but they don’t make a lot of money. It does not have the leverage to the upside like others. It is a conservative holding, it is stable. The stock does not reward shareholders very well and he prefers SU-T

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Imperial Oil (IMO-T)
September 18, 2017

Lots of people like to own it because it is a big cap, but they don’t make a lot of money. It does not have the leverage to the upside like others. It is a conservative holding, it is stable. The stock does not reward shareholders very well and he prefers SU-T

TOP PICK
TOP PICK
June 2, 2017

This is the cheapest it has been since 1995. Thinks it is worth $57.58, a 50% upside. This is one of Canada’s best run companies. Dividend yield of 1.7%. (Analysts’ price target is $45.00.)

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Imperial Oil (IMO-T)
June 2, 2017

This is the cheapest it has been since 1995. Thinks it is worth $57.58, a 50% upside. This is one of Canada’s best run companies. Dividend yield of 1.7%. (Analysts’ price target is $45.00.)

DON'T BUY
DON'T BUY
April 7, 2017

This has backed off. The high in 2014 was $56, and BV is around $30. He expects the stock to see lower levels.

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Imperial Oil (IMO-T)
April 7, 2017

This has backed off. The high in 2014 was $56, and BV is around $30. He expects the stock to see lower levels.

COMMENT
COMMENT
February 10, 2017

Not favourably disposed to this as he would be to Suncor (SU-T), which seems to have a little more growth. This one is okay, but he doesn’t get excited over it.

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Imperial Oil (IMO-T)
February 10, 2017

Not favourably disposed to this as he would be to Suncor (SU-T), which seems to have a little more growth. This one is okay, but he doesn’t get excited over it.

TOP PICK
TOP PICK
January 19, 2017

This is cheap. If you want diversification then he likes this one. They have this huge guardian angel in the form of Exxon Mobil. It has not had the big bounce that some of the oil companies have had. He thinks only good things can happen with this one.

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Imperial Oil (IMO-T)
January 19, 2017

This is cheap. If you want diversification then he likes this one. They have this huge guardian angel in the form of Exxon Mobil. It has not had the big bounce that some of the oil companies have had. He thinks only good things can happen with this one.

COMMENT
COMMENT
September 16, 2016

Even though it has fallen to $40, it is still an expensive story, when you look at it on an Enterprise Value to debt on a cash flow basis. An excellent quality company, and one of the best in Canada in terms of Return of Capital employed. She wouldn’t buy this for the short term, but would buy it for the long-term. There is not much growth coming from the story.

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Imperial Oil (IMO-T)
September 16, 2016

Even though it has fallen to $40, it is still an expensive story, when you look at it on an Enterprise Value to debt on a cash flow basis. An excellent quality company, and one of the best in Canada in terms of Return of Capital employed. She wouldn’t buy this for the short term, but would buy it for the long-term. There is not much growth coming from the story.

DON'T BUY
DON'T BUY
September 6, 2016

This has not made people money. The low in January was $37, only $3 away from where we are now. They have done a good job on their production out of Cold Lake. The refining business does very well for them. For a long-term investor, there is some dividend support. It is not going to make you the returns that others are, and there are better places to be.

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Imperial Oil (IMO-T)
September 6, 2016

This has not made people money. The low in January was $37, only $3 away from where we are now. They have done a good job on their production out of Cold Lake. The refining business does very well for them. For a long-term investor, there is some dividend support. It is not going to make you the returns that others are, and there are better places to be.

BUY
BUY
May 2, 2016

If you are a long term investor, it is a fine company. In the short term they had some operational difficulties. Great balance sheet.

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If you are a long term investor, it is a fine company. In the short term they had some operational difficulties. Great balance sheet.

HOLD
HOLD
April 26, 2016

20 year hold? What has rallied has been the more speculative higher beta names. This is one of the most conservative integrated names. It has a heavy downstream piece, so it tends to do quite well. Doesn’t see tremendous strong growth, but it will plug along and do fine, and be a good steward of your cash. Dividend yield of 1.34%.

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Imperial Oil (IMO-T)
April 26, 2016

20 year hold? What has rallied has been the more speculative higher beta names. This is one of the most conservative integrated names. It has a heavy downstream piece, so it tends to do quite well. Doesn’t see tremendous strong growth, but it will plug along and do fine, and be a good steward of your cash. Dividend yield of 1.34%.

COMMENT
COMMENT
February 10, 2016

A great, solid, well-run company, and you can tell that by the way it trades. Free cash flow profile looks healthy, which is good for the investor. Because it is such a good quality company with less beta than the rest of the group, in a rising price environment you are not going to get as much appreciation as you would in some others. This is a company you don’t want to own coming out of a recovery. Also. refining margins are coming down. Feels some of the best upside is going to be in the pure play rather than in an integrated story.

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Imperial Oil (IMO-T)
February 10, 2016

A great, solid, well-run company, and you can tell that by the way it trades. Free cash flow profile looks healthy, which is good for the investor. Because it is such a good quality company with less beta than the rest of the group, in a rising price environment you are not going to get as much appreciation as you would in some others. This is a company you don’t want to own coming out of a recovery. Also. refining margins are coming down. Feels some of the best upside is going to be in the pure play rather than in an integrated story.

HOLD
HOLD
November 3, 2015

If you strictly want yield or safety on a Canadian energy, you are probably better off playing the parent Exxon (XOM-N) in the US. He would be more inclined to go to any of the producers that can grow their production a lot more effectively than this company can. This is more of a defensive holding when the sector rolls over.

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Imperial Oil (IMO-T)
November 3, 2015

If you strictly want yield or safety on a Canadian energy, you are probably better off playing the parent Exxon (XOM-N) in the US. He would be more inclined to go to any of the producers that can grow their production a lot more effectively than this company can. This is more of a defensive holding when the sector rolls over.

COMMENT
COMMENT
July 31, 2015

Just reported and earnings were not that great. Not a real surprise as it is 83% in the oil area. Has been a very steady producer for years and years. The real problem coming out of their earnings was that people had thought it would do better downstream than what it did. He is basically standing back from the oil/gas sector. Doesn’t see us reaching some stability until maybe 2016.

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Imperial Oil (IMO-T)
July 31, 2015

Just reported and earnings were not that great. Not a real surprise as it is 83% in the oil area. Has been a very steady producer for years and years. The real problem coming out of their earnings was that people had thought it would do better downstream than what it did. He is basically standing back from the oil/gas sector. Doesn’t see us reaching some stability until maybe 2016.

PAST TOP PICK
PAST TOP PICK
June 16, 2015

(A Top Pick July 3/14. Down 17.35%.) 1995 was the last time this company had traded at this valuation. Oils are certainly out of favour, and with all the oils they are going to go back and retest their lows that they made in December. This is a good company.

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Imperial Oil (IMO-T)
June 16, 2015

(A Top Pick July 3/14. Down 17.35%.) 1995 was the last time this company had traded at this valuation. Oils are certainly out of favour, and with all the oils they are going to go back and retest their lows that they made in December. This is a good company.

PAST TOP PICK
PAST TOP PICK
June 11, 2015

(Top Pick June 27/14, Down 12.50%) It is an integrated oil and if oil prices are weak then one side would balance out the other within the business. He never expected oil to go down this much. This one has performed well relative to the oil sector. He is indifferent to the stock right now and issued a sell to the company last time he was on.

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Imperial Oil (IMO-T)
June 11, 2015

(Top Pick June 27/14, Down 12.50%) It is an integrated oil and if oil prices are weak then one side would balance out the other within the business. He never expected oil to go down this much. This one has performed well relative to the oil sector. He is indifferent to the stock right now and issued a sell to the company last time he was on.

HOLD
HOLD
May 11, 2015

A very conservative company. You get a very large, conservative, portion of Exxon Mobile. It is not the best and not the worst. He thinks there is better risk/return profiles out there with a better yield.

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Imperial Oil (IMO-T)
May 11, 2015

A very conservative company. You get a very large, conservative, portion of Exxon Mobile. It is not the best and not the worst. He thinks there is better risk/return profiles out there with a better yield.