Imperial Oil has been on a powerful multi year run. The real puzzle now is whether the cash the business generates is enough to support where the share price has landed. Over the past 5 years, the stock has returned about 396.0%. This puts a lot of weight on whether that climb is backed by sustainable cash flows rather than just market mood. Recent reports that Imperial Oil more than doubled net income while still dealing with refinery turnaround work suggest its integrated model can…
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
