After Raising Our Imperial Oil FVE, We See Over 25% Upside
We are raising our fair value estimate for no-moat Imperial Oil to $35 (CAD 45) from $34 (CAD 44) on the basis of better-than-expected price realizations. With the shares trading near $27 (CAD 35), we see over 25% upside. Imperial stands at the head of its class in solvent-assisted technology development. However, its growth projects aren’t expected to be placed into service for at least another five years, causing the market to undervalue the stock today.Imperial reported fourth-quarter produc...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.