STOCKCHASE

Kearl oil sands project has been sanctioned. In a market that’s very choppy and volatile you want quality.

2009-06-24

PARTIAL BUY

43.600

Jeff Parent

Downward momentum is slowing on the 200 day moving average and there is some short-term upward momentum. Also the shorter term moving averages are starting to come up. Forming a bit of a consolidation giving it the potential to break up nicely. MACD is also positive. Use a $40 stop. If you buy just take a small position.

2009-06-23

BUY

44.100

No debt. Lots of cash to expand if they wish and think they will and are in the oil sands. There could also be modest dividend increases. Has one of the best collection of brain power in the industry.

2009-06-16

BUY

46.700

Mike Newton

Overhang on this is the parent company and is generally considered to be a subsidiary of Exxon Mobil (XOM-N). Doesn't get its due recognition. Has an incredible work with technology and have done incredible work in the oil sands’ discovery and processing.

2009-06-11

BUY

44.180

Rick Stuchberry

Just announced they are going ahead with the Kearl project. Good quality company with very good properties. Thinks oil will go from $60 to $70 in the next little while and this company will be a big beneficiary.

2009-05-28

BUY

40.660

Looks pretty constructive based on their Kearl project. He prefers the PetroCan (PCA-T)/Suncor (SU-T) combination as his key Canadian integrated.

2009-05-15

TOP PICK

41.000

Sandy McIntyre

They will announce the go-ahead of the Kearl project, which will be a material growth aspect for them. Hopefully that will be recognized in the marketplace.

2009-05-14

SELL

44.700

Joanne A. Hruska, CFA

Sold this week because valuation compared to piers became higher. May get back in.

2009-04-15

DON'T BUY

45.900

(Market Call Minute.) Bit boring. You can go elsewhere in the oil patch and get better value.

2009-04-09

SELL

47.430

Joseph Schachter

(Market Call Minute.) Not a fan because they are not growing their production.

2009-04-06

TOP PICK

47.200

Hap (Robert) Sneddon FCSI

Typically when you come to the end of these panics stimulus takes place. Oil comes off from very low levels and recovers nicely. This one has ROE levels of 43%.

2009-04-03

TOP PICK

38.040

Sandy McIntyre

Fantastic capital allocators and have a clean balance sheet. Although dividend yield is low, they buy back 5% of the stock each year, which supports the share price. The option value on this is bitumen accrual and the frontier gas Mackenzie Delta.

2009-02-24

Comment

38.230

Looks like it is holding in at around $38. He would recommend a stop of around $35-$36. Stock is trying to get above the 50-day moving average of $46. Relative strength indicates it is neither overbought nor oversold. Any uptick in demand should do well for this sector.

2009-02-17

DON'T BUY

39.000

Profitability is now falling quite rapidly. Reporting one of the fastest profit declines.

2009-02-04

TOP PICK

38.950

Sandy McIntyre

They are renown for their balance sheets management, consistently increasing its dividend and returning capital to shareholders through share repurchases. 1% yield. Buying it for capital appreciation. If the Mackenzie pipeline goes ahead, they have the largest gas reserves in the Mackenzie Delta, which is not on their reserve report yet.

2009-01-22

BUY

38.000

Jennifer Stevenson

Super high-quality company and assets. Very clean balance sheet. Very defensive holding.

2009-01-20

DON'T BUY

38.130

Has performed extremely well in this market but looks very expensive. P/E is significantly higher than some of its peers. Would rather go with one of the other integrateds. (See Top Picks.)

2008-12-05

TOP PICK

36.600

Ron Meisels

There are some stocks that are now making bases and this one has been base building since Sept. early Oct. Gone above its 50-day moving average. Could rally to around $50. Use a stoploss of around $30.

2008-12-04

DON'T BUY

39.400

The first 3 quarters are pretty good. Not one of his favourites because they have a low reinvestment program. Buy back stocks instead of reinvesting in the oils.

2008-11-10

BUY

36.660

Can’t believe how cheap it is.

2008-10-14

DON'T BUY

35.120

Don Lato

Came down with the rest of the oils. Imperial usually hold up well when others go down, but didn’t this time. There are better places to be in the oil stocks.

2008-10-08

HOLD

43.570

Bruce Campbell

Not his favorite. Would buy almost anything else on the oil side.

2008-09-29

BUY

43.570

Paul Harris, CFA

Likes it. Good refining assets. There is not enough capacity in refining and they have it. Oil has to fall if we are in a recession.

2008-09-29

DON'T BUY

48.840

Predominantly a heavy oil producer. Not his favourite major.

2008-07-18

DON'T BUY

52.140

Would prefer to be in exploration/development rather than the integrateds.

2008-07-11

BUY

56.080

Pat McKeough

Integrated oil, so is not just producing but is also selling and refining. Has lots of assets that it acquired many years ago at lower prices. And attractive Buy.

2008-06-20

BUY

57.790

(Market Call Minute.) Conservative but great returns.

2008-06-16

DON'T BUY

56.680

Into a very controversial environmental issue. Had 2 setbacks this week. Delay in the Mackenzie Valley pipeline and this will be a lot longer to ever get done. Also denied a permit from the fisheries Department for water, which will delay their Kearl project. Not a favourite.

2008-05-16

TOP PICK

54.800

Ron Meisels

Starting to break out. Around $55 would be a major breakout.

2008-04-08

HOLD

53.740

Jeff Parent

Chart shows a nice upward channel. If it were to break into a new high, that would put it into the $58/$59 range which would be a good increase. Long-term chart shows a long-term upward trend. Thinks this will continue.

2008-04-02

HOLD

55.600

Kenneth P. Norquay, CMT

In an uptrend and has broken through new highs in the short term. The $48.50 .would be your stoploss.

2008-03-11

DON'T BUY

57.240

The steady Eddie of the group. Very seldom do they disappoint but it is priced for that. Expect it to do fairly well going forward. Not cheap.

2008-03-05

DON'T BUY

50.250

Brendan Caldwell

This company has limitations on what it can do. It is entirely focused on Canada. With energy prices, you would have thought would have done better over the last year or so. Prefers something more international.

2008-02-01

HOLD

48.330

Joseph Schachter

If he is right about the natural gas prices recovering and the material breach of $100 in oil, they will punch through their July/Aug highs, north of $55.

2008-01-24

BUY

54.450

Gavin Graham

(Market Call Minute.) Last of the integrateds that is owned by a major. You have to wonder if Exxon Mobil won't be looking at taking them over.

2008-01-02

Comment

54.620

Bruce Campbell

Would prefer Suncor (SU-T), which would give better growth.

2007-12-31

Comment

51.600

A “steady as you go” scenario. Very good operator. Have refinery operations as well as exploration and development. Should have decent upside.

2007-12-11

TOP PICK

51.960

Ron Meisels

Could also have picked Suncor (SU-T), CNQ (CNQ-T) or many of the other energies. This stock just had a major breakout and these are the stocks that are going to do well in 2008. $48 should be a major support level.

2007-11-23

HOLD

50.000

Canada locked by nature. Impacted somewhat by royalty regime. Extremely well run. Would hold if owned.

2007-10-26

DON'T BUY

46.450

Brian Acker, CA

His model price is $46.78, which is right on the current stock price.

2007-10-10

DON'T BUY

49.010

Expects this will stay fairly flattish, maybe up 5% to 10%. Their problem is growth. A fair amount of their production is in Western Canada, which is in decline. Well managed. Not a cheap stock. Would prefer Talisman (TLM-T) or Canadian Natural Resources (CNQ-T).

2007-09-26

VAGUE

49.010

David Baskin

Probably undervalued at this price. Don’t know where growth will come from.

2007-09-26

HOLD

46.800

Joseph Schachter

Have not seen much growth in production volumes. He prefers exploration/production companies. For a larger, conservative name, you are getting a bit of a dividend. Well-run company. Could eventually be taken over by its parent Exxon (XOM-N).

2007-09-11

BUY

45.200

Chris Smith

Likes the integrated oil companies. A good solid company to hold. They buy back stock regularly. Well run.

2007-08-30

BUY

43.290

Jeff Parent

Trading right at support level, which is always a positive sign. Has the potential to go back up to the $50 level. On the downside, use a tight stop of $42. Would suggest buying call options, which will limit your downside. This one will have actively trading call options.

2007-08-15

PARTIAL BUY

43.030

Rob Callander

He is more positively inclined towards oil in the short term. This stock would be a core holding in portfolios. Buy in stages.

2007-08-14

BUY

44.550

The stock broke out about 6/8 weeks ago and has recently pulled back to the breakout point. Feels it has good technical support in here. Exxon (XOM-N) is raising cash and could be making a move on Syncrude of which Imperial oil is a part of.

2007-08-09

BUY

49.680

David Driscoll

Large integrated oil company. Owned by Exxon in the US. There is always the chance that the parent will take out the company. If you like the long-term opportunity for oil sands, this is a safer way to play.

2007-06-22

HOLD

50.500

Price appreciation is going to change on the overall outlook for energy. Do a fairly decent job on their operations. Numbers were relatively strong on the last quarterly report.

2007-05-30

SELL

49.990

Has had a spike and he does not know the reason for this. If he owned it, he would take some of the money off the table.

2007-05-28

DON'T BUY

49.800

Brian Acker, CA

Has always traded above his model price. His model price is $46.66, which is a negative 6% differential.

2007-05-24

Comment

50.850

Laura Wallace

Great quarterly results. Good refining exposure. If you own, consider taking some profits.

2007-05-23

BUY

49.990

Prefers Petro Canada (PCA-T) because of their international exposure. With marketing/refining margins as strong as they are, and being the largest in Canada, they're benefiting from this.

2007-05-18

Comment

44.440

Has a great store of value. He tends to go for companies where he can avoid the risk of downstream companies. Prefers Encana (ECA-T), Talisman (TLM-T) and CNQ (CNQ-T).

2007-04-18

BUY

39.730

Paul Harris, CFA

Spending a lot of money on the pipeline, but this, historically, has been a well run company. Generates tons of free cash flow. Good long-term hold.

2007-03-16

DON'T BUY

42.450

Brendan Caldwell

The charts on integrateds look really ugly and he doesn't see them turning around anytime soon. A shortage of gasoline hasn't had any effect on stocks.

2007-02-27

DON'T BUY

42.050

A dull stock. If you want to buy one of the integrateds, buy Husky (HSE-T) or Petro Canada (PCA-T).

2007-02-23

Comment

42.500

Larry Berman CFA, CMT, CTA

Still have some of the best metrics and great properties. Trading at about 15.5 X earnings which is average. Facing limited growth potential because it is predominantly in the western sedimentary basin.

2007-02-21

BUY

40.510

John O'Connell, CFA

A great business and very well run. Exposure to the oil sands. Also has the integrated aspect. They continue to buy back stock. Good price.

2007-01-25

PAST TOP PICK

40.600

Jim O'Shaughnessy

(A Top Pick Feb 2/06. Down 5%.)

2007-01-23

Comment

38.510

Feels we are coming close to the bottom of where the new range for energy is going to be. Would use a trading range and buy near the 52-week low and sell when it gets near its high. This is a strategy he would use on oil stocks.

2007-01-17

BUY on WEAKNESS

41.600

John O'Connell, CFA

Anytime you can get it under $40, it is very attractive.

2006-11-27

BUY

41.650

Michael Decter

A possible takeover by its parent Exxon Mobil (XOM-N). Could see a take out at something like $50.

2006-11-24

BUY

40.100

If you were going to speculate on an oil stock going higher, this is one that he thinks is a good trading opportunity. It has an unbelievable 43% ROE.

2006-11-03

DON'T BUY

38.270

The largest integrated in Canada. Hasn't really gone anywhere over the last year. A good, safe place to be, not when you want to make money you'll do better in the purer plays. Suncor (SU-T) and Petro Canada (PCA-T) would be better choices.

2006-10-31

BUY

40.010

Gavin Graham

Has a take out offer from its corporate parent Exxon (XOM-N). Will they buy out the minority shares. He doesn't care as it is one of the better run integrated companies. Decent dividend.

2006-10-30

BUY

40.530

Chris Smith

Doesn't think that Exxon will buy them out. If you are bullish on energy, this will do as well as any of the integrated.

2006-10-25

DON'T BUY

43.200

Canada's largest integrated. A lot of its production comes out of the Cold Lake area. Has a number of interesting assets, 25% of Syncrude, the dominating player in the McKenzie Delta area and will be the primary driver behind the McKenzie Valley pipeline. The stock has become expensive.

2006-08-23

HOLD

43.590

Of the integrateds it has probably been one of the best performers. Great management and great properties. None of them have done as well as the producing companies.

2006-08-22

DON'T BUY

45.020

Of the integrated companies, prefers Petrocan (PCA-T) which is cheaper. Has an immense holding of properties and technology and has a lot of hidden value. Finds it expensive.

2006-08-09

WEAK BUY

42.460

Will be doing very well from the standpoint of the commodity moving higher. Strong cash flows. Numbers coming out are very good. Looking out to 2010 before there is much increase in growth of production. Probably better alternatives.

2006-08-02

DON'T BUY

41.050

Bruce Campbell

Prefers Petrocan (PCA-T) even though they were a little short on earnings and production. This one doesn't have the same growth profile. Will go up and down with oil price.

2006-07-27

DON'T BUY

41.770

Bill Carrigan

A high-quality stock. Peaked out in August/05. Will probably just hold support which means it is just dead money.

2006-07-17

HOLD

37.790

Gordon Higgins, CA, MBA, CFA

Has hung in as well as anything has on the oil side. Good long-term hold. In the short run, it is getting impacted by the market sector.

2006-06-15

WEAK BUY

39.460

Majority of the shares are held by Exxon (XOM-N). Trades infrequently.

2006-06-07

BUY

41.450

There are some very high prices on oil. This company is still producing great numbers. If you believe in the oil cycle, you should stick with this.

2006-06-02

BUY

38.200

In large cap name integrateds, he likes Imperial Oil (IMO-T) or Petro Canada (PCA-T).

2006-05-19

BUY

116.660

David Baskin

Profit went up, but the stock dropped. Doesn't know what people's expectations are. Has a pretty good set of assets. Prefers Petro Canada (PCA-T).

2006-05-02

BUY

120.720

A great way to play the oil industry in Canada in the conservative way. The biggest integrated company in Canada. Has a large part of the Syncrude project.

2006-04-27

DON'T BUY

127.700

Gordon Higgins, CA, MBA, CFA

A 3 for 1 split coming up in May. A tremendous company. Great properties. Extremely well managed. A little fully priced right now.

2006-04-21

BUY

125.910

Gavin Graham

It is still well below the peak of Oct/05 when oil was over $70. Good dividend yield.

2006-04-11

BUY

125.990

Broadly diversified. Excellent balance sheet. A solid company which will be driven by the price of oil.

2006-04-05

BUY

126.100

Paul Harris, CFA

A very well run company. Would like to see them pay out some of their cash in dividends, etc. as long as oil does well, this company will do well.

2006-03-30

HOLD

119.010

One of the best managed companies in the oil/gas sector. They have great production, great assets and have continually surprised on the upside.

2006-03-23

HOLD

115.010

John Sinkins, CFA

Stock has done well. Subsidiary of US. Company, He owns Petro Canada and Shell

2006-03-14

BUY on WEAKNESS

108.960

Bob Stodgell

Great investment, good solid corporation. Owned by Exon. Oil might ease a little. Wait for weaknesses. Don't take full positions.

2006-03-02

BUY

112.760

There are two different tiers that appear in oil stocks. The exploration companies had been stupendous performers while the big international companies have not been the same. Starting to wonder if he should be taking money out of exploration and looking at this.

2006-02-13

DON'T BUY

120.500

Brian Acker, CA

This stock is splitting three for one. His model price is $99.60 which is a negative 19% differential.

2006-02-07

TOP PICK

120.000

Jim O'Shaughnessy

Still within his valuation.

2006-02-02

BUY

118.140

An excellent name. Would be a core holding. One of the best names in terms of the integrateds. They are very efficient users of capital. Not inexpensive, but certainly off its highs. Reasonable entry point.

2006-01-25

HOLD

117.750

Bill Belovay

If you are positive on oil/gas, you should continue holding this one. A premier company.

2006-01-05

TOP PICK

117.810

Feels that oil prices are going to take another run at $70/75 in 2006. This stock has corrected quite significantly, about 30%. Fundamentals look great. Almost a 39% ROE. Because it pays out only a nominal dividend yield, it’s probably growing its book value at 25% per annum.

2005-12-09

BUY

107.140

One of the best run companies in the integrated area. Expecting some announcements on the McKenzie vally pipeline. If it's positive, this company would be a candidate for a rise in price.

2005-11-15

HOLD

106.500

(Caller wanted to know of a switch from any of his majors into another one for better value.) If you want to trade into another major, going into Shell (SHC-T) would be a good one. Shell has underperformed Imperial and it shouldn't have. He wouldn't recommend switching, but this is one possibility.

2005-10-25

DON'T BUY

113.020

Thinks it's got ahead of itself. There was a lot of US buying and expects there will be more profit taking by them.

2005-10-12

BUY

115.820

David Baskin

They will make a lot of money on the refining end. With the pull back this week, it's certainly interesting.

2005-10-06

BUY

123.550

Rob Callander

Expecting and hoping that there will be a share split which will be good for the share price. Could eventually be taken out by Exxon (XOM-N).

2005-10-05

BUY

132.350