A director at Imperial Oil Ltd bought 5,200 shares at 67.790USD and the significance rating of the trade was 88/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
Buys Within Global Energy, Health Care, and Utilities Global growth stocks that have significantly outperformed since the October 2023 lows are starting to pull back, and we believe a continued pause/pullback is likely in these growth areas. Meanwhile, we are seeing a clear shift into value and defensives, and we recommend adding exposure to these areas. This type of Sector rotation is common during bull markets, as various areas of the market get their turn to shine. Reasons We Remain Bullish...
Pause/Pullback Continues But Oversold Bounce Likely Support levels discussed in our 8/8/23 Compass broke, leading to a change in character and a deeper pullback. Supports we were watching included the 50-day MA and 4460-4475 on the S&P 500, $371.50 on the Nasdaq 100 (QQQ), and $190-193 on the Russell 2000 (IWM); as long as these indexes are below these levels, we believe the pause/pullback that we discussed in our 8/15/23 Compass is likely to continue. Longer-term support on the S&P 500 is at 4...
Small-Caps Starting to Lead We continue to see the current environment as a bear market rally with the potential for it turn into something more following bullish breadth thrust signals. Large-cap US indexes (S&P 500, Nasdaq 100) have been treading water for a week (bull flags?), but many other indexes such as the Russell 2000 (IWM), DAX, Hang Seng, MSCI China (MCHI), and China Internet (KWEB) have continued to move higher following their bullish reversals from the prior two weeks. We are also ...
IMPERIAL OIL (CA), a company active in the Integrated Oil & Gas industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis d...
Market Sending Mixed Signals; Stick With Value The market continues to send a mix of risk-on and risk-off signals, though most of the risk-on signals are centered around value Sectors such as Energy, Financials, Manufacturing/Industrials, and Materials (currently our favorite areas). Meanwhile, some of our big picture "lines in the sand" are being violated, including the Russell Micro Caps index (IWC) which is breaking below $134 as the Russell 2000 index (IWM) tests critical support at $207.50...
Risk Appetites Improving; Watching Financials, Copper, US Dollar Market dynamics remain largely healthy, and new developments continue to point to improving risk appetites. Still, Energy (XOP, RYE) is the only cyclical value Sector that has been able to decisively break to new price highs, while others remain in congestion. Therefore, our outlook remains neutral yet constructive overall, and we see pullbacks as buying opportunities. Risk Appetites Improving. We continue to see signs of improving...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Small-Caps Re-Emerging As Leadership In last week's Compass we highlighted what we view as compelling signals that risk appetites are improving, which is bullish for the broad market. The trend of improving risk appetites has only continued over the past week and we are moving toward an outright bullish outlook. Small- & Micro-Caps. Russell Micro-Caps (IWC) and the Russell 2000 (IWM) are making bullish price inflections and RS is forming bullish bases -- shift exposure back to small-caps where...
Buy Energy & Financials; EM Improving We are beginning to see rotations back into risk-on areas of the market, a bullish sign for global equities. This only adds to our constructive outlook; we are bullish and we expect higher prices in the weeks and months ahead. Bullish Developments. Our weight-of-the-evidence approach has led us to a constructive outlook for quite some time, supported by an absence of breakdowns on major global indexes, a weakening US dollar, bullish commodity prices, narr...
Commodity-Related Equity Sectors In Focus Our bullish outlook continues to be supported by ongoing positive market dynamics and the absence of breakdowns for major indexes around the globe. The path of least resistance remains higher and we continue to recommend adding exposure on pullbacks. · Broad Overview. Broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) continue to develop positively and remain on bullish trajectories. The MSCI ACWI, ACWI ex-US, and EM indexes are hitting...
Summary Marketline's Western Refining, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Western Refining, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the...
On June 17, 2020, DBRS Limited (DBRS Morningstar) downgraded the Issuer Rating and Unsecured Debentures rating of Imperial Oil Limited (IMO or the Company) to AA (low) from AA, and confirmed its Commercial Paper (CP) rating at R-1 (middle). All trends are Negative. DBRS Morningstar notes that the Company's CP ratings are mapped from the long-term rating scale and the rating continues to map to R-1 (middle) despite the one-notch downgrade to its Issuer Rating.
This commentary outlines the significant volatility in Crude Oil markets in relation to the spread of the coronavirus. The spread of the illness through China has raised the specter of a sizable decline in the country’s oil consumption, which could upend the global oil supply/demand balance and negatively affect oil prices. Moreover, North American natural gas prices have also been unsteady. In light of the this volatility, DBRS Morningstar reviewed and updated the crude oil and natural gas pr...
Imperial Oil is a 69.6%-owned subsidiary of ExxonMobil and one of Canada’s largest integrated oil companies, focusing on oil and gas production, refining operations, and the marketing of petroleum products. Imperial's upstream operations include developing and producing unconventional crude oil through its interest in Syncrude and the Cold Lake and Kearl oil sands projects. The company remains the largest refiner of petroleum products in Canada.Like peers, Imperial faces an uphill struggle cop...
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