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Stock Market & Financial Investment News

News Breaks
March 18, 2014
07:09 EDTIMOImperial Oil downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Imperial Oil citing recent outperformance, poor cost controls, and deteriorating earnings.
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January 28, 2015
16:40 EDTIMOImperial Oil evaluating operating model for Esso stations
Imperial Oil Limited is evaluating the potential transition of its remaining company-owned Esso retail sites to a branded wholesaler operating model. Growth opportunities for the On the Run convenience store brand will also be evaluated. Under the branded wholesaler operating model, Imperial supplies fuel to independent third parties who own and/or operate the sites in alignment with Esso brand standards. The majority of Imperial's 1700 Esso-branded retail fuel sites in Canada operate under the branded wholesaler model. The remaining 500 sites are company-owned and will be part of this evaluation. This evaluation will include a non-binding bid process, which will begin in the coming weeks.
January 22, 2015
10:03 EDTIMOOn the Fly: Analyst Downgrade Summary
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07:41 EDTIMOImperial Oil downgraded to Neutral from Buy at Citigroup
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