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Stock Market & Financial Investment News

News Breaks
March 17, 2014
07:41 EDTIMOImperial Oil to sell certain Western Canada Conventional oil and gas assets
Imperial Oil has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately C$855M. The transaction is expected to close in May. Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split evenly between oil and gas.
News For IMO From The Last 14 Days
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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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