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Stock Market & Financial Investment News

News Breaks
December 6, 2012
08:10 EDTIMOImperial Oil to apply to drill offshore in the Arctic, Globe and Mail reports
After years of delay of while Canada's National Energy Board reviewed Arctic offshore drilling, Imperial Oil (IMO) is preparing an application to drill in the Canadian Arctic, sources say, and that will likely renew the debate about how the energy industry will tap high-latitude resources, reports the Globe and Mail. Reference Link
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May 17, 2015
18:17 EDTIMOImperial Oil begins auction for 500 Esso gas stations, Reuters says
Imperial Oil (IMO) has begun accepting bids for 500 of its Esso retail sites, Reuters reported Friday, citing four sources familiar with the process. The report notes that the assets could be worth over $831M, and sources said CST Brands (CST) has expressed interest. Sources added that Imperial has split the 500 stations into several packages, and bidders are free to pursue the assets in part or in whole. Reference Link
May 11, 2015
10:01 EDTIMOExxon Mobil announces Cold Lake project expansion begins production on schedule
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