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Stock Market & Financial Investment News

News Breaks
February 1, 2014
12:12 EDTIMO, XOMImperial Oil's production growth could drive shares higher, Barron's says
Imperial Oil's (IMO) is an attractive way to play North American energy companies as its increased production growth could drive the stock higher, Barron's contends in a feature article. 70% of the company is owned by ExxonMobil (XOM), the paper adds. Reference Link
News For IMO;XOM From The Last 14 Days
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July 30, 2014
15:40 EDTXOMNotable companies reporting before tomorrow's open
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07:43 EDTXOMWEX Inc. sees FY14 adjusted EPS $4.84-$4.99, consensus $4.87
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July 28, 2014
07:14 EDTXOMExxon mulls broadening Texas plant into largest in country, Reuters says
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July 25, 2014
10:02 EDTXOMOn The Fly: Analyst Downgrade Summary
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05:41 EDTXOMExxon Mobil downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded its rating on Exxon Mobil (XOM) shares to Underweight from Neutral citing a lack of near-term production growth and the high oil price environment. The firm sees limited upside in shares, but did raise its price target to $105 from $100. Shares of the oil giant closed yesterday up 3c to $104.28.
July 22, 2014
10:00 EDTIMOOn The Fly: Analyst Downgrade Summary
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07:17 EDTIMOImperial Oil downgraded to Sell from Hold at Canaccord
Canaccord downgraded Imperial Oil to Sell from Hold and said shares are priced to perfection.
July 21, 2014
13:36 EDTXOMExxon Mobil files export application for Alaska LNG project
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July 17, 2014
07:31 EDTXOMWEX signs definitive purchase agreement regarding Exxon's Esso Card program
WEX Inc. (WEX) announced the execution of the definitive purchase and sale agreement relating to the previously announced proposed acquisition of ExxonMobil’s (XOM) European commercial fuel card, or Esso Card, program through a majority owned joint venture, WEX Europe Services Limited. In addition, all necessary regulatory approvals have been received and the employee information and consultation processes have been cleared. The transaction is on track and is expected to close in late 2014 or early 2015. “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and CEO.

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