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Hot Stocks
Cenovus, Canadian Natural, Imperial, MEG, Suncor form zero-emissions alliance » 06:56
06/09/21
06/09
06:56
06/09/21
06:56
CVE

Cenovus Energy

$9.83 /

+0.36 (+3.80%)

, CNQ

Canadian Natural

$37.68 /

+0.16 (+0.43%)

, IMO

Imperial Oil

$33.89 /

-0.33 (-0.96%)

, MEGEF

MEG Energy

$7.07 /

-0.154 (-2.13%)

, SU

Suncor

$25.28 /

-0.14 (-0.55%)

Canadian Natural…

Canadian Natural Resources (CNQ), Cenovus Energy (CVE), Imperial (IMO), MEG Energy (MEGEF) and Suncor Energy (SU) announced the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada's oil sands production. The goal of this alliance, working with the federal and Alberta governments, is to achieve net zero greenhouse gas emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations. This follows announcements from the Governments of Canada and Alberta of support programs for emissions- reduction projects and infrastructure. The Pathways vision is anchored by a Carbon Capture, Utilization and Storage trunkline connected to a carbon sequestration hub to enable multi-sector 'tie-in' projects for expanded emissions reductions. The initiative incorporates a number of parallel pathways to address GHG emissions, including: a core Alberta infrastructure corridor linking oil sands facilities in the Fort McMurray and Cold Lake regions to a carbon sequestration hub near Cold Lake via a CO2 trunkline; deploying existing and emerging GHG reduction technologies at oil sands operations along the corridor; evaluating, piloting and accelerating application of potential emerging emissions-reducing technologies including direct air capture, next-generation recovery technologies and small modular nuclear reactors.

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SU Suncor
$25.28 /

-0.14 (-0.55%)

IMO Imperial Oil
$33.89 /

-0.33 (-0.96%)

CVE Cenovus Energy
$9.83 /

+0.36 (+3.80%)

CVE Cenovus Energy
$9.83 /

+0.36 (+3.80%)

06/08/21 JPMorgan
Cenovus Energy upgraded to Overweight with C$14.50 target at JPMorgan
06/08/21 JPMorgan
Cenovus Energy upgraded to Overweight from Neutral at JPMorgan
06/02/21 Credit Suisse
Cenovus Energy price target raised to C$13 from C$7 at Credit Suisse
05/12/21 Goldman Sachs
Imperial Oil downgraded to Neutral from Buy at Goldman Sachs
CNQ Canadian Natural
$37.68 /

+0.16 (+0.43%)

05/07/21 RBC Capital
Canadian Natural price target raised to C$45 from C$44 at RBC Capital
04/15/21 National Bank
Canadian Natural price target lowered to C$49 from C$50 at National Bank
04/15/21 Scotiabank
Canadian Natural price target raised to C$48 from C$42 at Scotiabank
03/22/21 Credit Suisse
Canadian Natural downgraded to Neutral at Credit Suisse
IMO Imperial Oil
$33.89 /

-0.33 (-0.96%)

06/02/21 Credit Suisse
Imperial Oil price target raised to C$45 from C$40 at Credit Suisse
05/07/21 RBC Capital
Imperial Oil price target raised to C$39 from C$35 at RBC Capital
05/06/21 TD Securities
Imperial Oil price target raised to C$39 from C$33 at TD Securities
MEGEF MEG Energy
$7.07 /

-0.154 (-2.13%)

05/04/21 TD Securities
MEG Energy price target raised to C$10 from C$9.50 at TD Securities
04/15/21 National Bank
MEG Energy price target raised to C$11 from C$8 at National Bank
04/15/21 Scotiabank
MEG Energy price target raised to C$8 from C$6 at Scotiabank
03/24/21 TD Securities
MEG Energy upgraded to Buy from Hold at TD Securities
SU Suncor
$25.28 /

-0.14 (-0.55%)

05/05/21 RBC Capital
Suncor price target raised to C$32 from C$31 at RBC Capital
04/15/21 National Bank
Suncor price target lowered to C$29 from C$33 at National Bank
04/15/21 Scotiabank
Suncor price target raised to C$33 from C$30 at Scotiabank
IMO Imperial Oil
$33.89 /

-0.33 (-0.96%)

CVE Cenovus Energy
$9.83 /

+0.36 (+3.80%)

SU Suncor
$25.28 /

-0.14 (-0.55%)

CVE Cenovus Energy
$9.83 /

+0.36 (+3.80%)

CNQ Canadian Natural
$37.68 /

+0.16 (+0.43%)

Over a week ago
Conference/Events
Goldman Sachs to hold a virtual symposium » 11:28
06/02/21
06/02
11:28
06/02/21
11:28
CVE

Cenovus Energy

$9.24 /

+0.38 (+4.29%)

, IMO

Imperial Oil

$34.04 /

-0.1714 (-0.50%)

, MEGEF

MEG Energy

$7.15 /

+0.52 (+7.84%)

, OVV

Ovintiv

$29.69 /

+0.585 (+2.01%)

, SPGYF

Whitecap Resources

$5.18 /

+0.4229 (+8.88%)

, SU

Suncor

$25.18 /

+0.67 (+2.73%)

2nd Canada Energy Virtual…

2nd Canada Energy Virtual Symposium to be held on June 2. Webcast Link

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SU Suncor
$25.18 /

+0.67 (+2.73%)

OVV Ovintiv
$29.69 /

+0.585 (+2.01%)

IMO Imperial Oil
$34.04 /

-0.1714 (-0.50%)

CVE Cenovus Energy
$9.24 /

+0.38 (+4.29%)

CVE Cenovus Energy
$9.24 /

+0.38 (+4.29%)

06/02/21 Credit Suisse
Cenovus Energy price target raised to C$13 from C$7 at Credit Suisse
05/12/21 Goldman Sachs
Imperial Oil downgraded to Neutral from Buy at Goldman Sachs
04/15/21 National Bank
Cenovus Energy price target raised to C$14.50 from C$13.50 at National Bank
04/15/21 Scotiabank
Scotiabank upgrades Cenovus Energy to Outperform on improving outlook
IMO Imperial Oil
$34.04 /

-0.1714 (-0.50%)

06/02/21 Credit Suisse
Imperial Oil price target raised to C$45 from C$40 at Credit Suisse
05/07/21 RBC Capital
Imperial Oil price target raised to C$39 from C$35 at RBC Capital
05/06/21 TD Securities
Imperial Oil price target raised to C$39 from C$33 at TD Securities
MEGEF MEG Energy
$7.15 /

+0.52 (+7.84%)

05/04/21 TD Securities
MEG Energy price target raised to C$10 from C$9.50 at TD Securities
04/15/21 National Bank
MEG Energy price target raised to C$11 from C$8 at National Bank
04/15/21 Scotiabank
MEG Energy price target raised to C$8 from C$6 at Scotiabank
03/24/21 TD Securities
MEG Energy upgraded to Buy from Hold at TD Securities
OVV Ovintiv
$29.69 /

+0.585 (+2.01%)

05/26/21 JPMorgan
JPMorgan upgrades Ovintiv on deleveraging, execution strength
05/26/21 JPMorgan
Ovintiv upgraded to Overweight from Neutral at JPMorgan
05/17/21 Mizuho
Ovintiv upgraded to Buy from Neutral at Mizuho
04/29/21 TD Securities
Ovintiv upgraded to Buy at TD Securities on 'much improved' leverage outlook
SPGYF Whitecap Resources
$5.18 /

+0.4229 (+8.88%)

05/18/21 Stifel
Whitecap Resources price target raised to C$8.25 from C$7.75 at Stifel
04/30/21 Stifel
Whitecap Resources price target raised to C$7.75 from C$7.50 at Stifel
04/15/21 Scotiabank
Whitecap Resources price target raised to C$6.50 from C$6 at Scotiabank
04/06/21 Raymond James
Whitecap Resources price target raised to C$8.50 from C$8.25 at Raymond James
SU Suncor
$25.18 /

+0.67 (+2.73%)

05/05/21 RBC Capital
Suncor price target raised to C$32 from C$31 at RBC Capital
04/15/21 National Bank
Suncor price target lowered to C$29 from C$33 at National Bank
04/15/21 Scotiabank
Suncor price target raised to C$33 from C$30 at Scotiabank
OVV Ovintiv
$29.69 /

+0.585 (+2.01%)

IMO Imperial Oil
$34.04 /

-0.1714 (-0.50%)

CVE Cenovus Energy
$9.24 /

+0.38 (+4.29%)

SU Suncor
$25.18 /

+0.67 (+2.73%)

OVV Ovintiv
$29.69 /

+0.585 (+2.01%)

CVE Cenovus Energy
$9.24 /

+0.38 (+4.29%)

Recommendations
Imperial Oil price target raised to C$45 from C$40 at Credit Suisse » 10:39
06/02/21
06/02
10:39
06/02/21
10:39
IMO

Imperial Oil

$34.11 /

-0.1014 (-0.30%)

Credit Suisse analyst…

Credit Suisse analyst Manav Gupta raised the firm's price target on Imperial Oil to C$45 from C$40 and keeps a Neutral rating on the shares.

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IMO Imperial Oil
$34.11 /

-0.1014 (-0.30%)

IMO Imperial Oil
$34.11 /

-0.1014 (-0.30%)

05/12/21 Goldman Sachs
Imperial Oil downgraded to Neutral from Buy at Goldman Sachs
05/07/21 RBC Capital
Imperial Oil price target raised to C$39 from C$35 at RBC Capital
05/06/21 TD Securities
Imperial Oil price target raised to C$39 from C$33 at TD Securities
05/03/21 BMO Capital
Imperial Oil price target raised to C$40 from C$37 at BMO Capital
IMO Imperial Oil
$34.11 /

-0.1014 (-0.30%)

Over a month ago
Downgrade
Imperial Oil downgraded to Neutral from Buy at Goldman Sachs » 04:58
05/12/21
05/12
04:58
05/12/21
04:58
IMO

Imperial Oil

$30.95 /

-0.12 (-0.39%)

, SU

Suncor

$22.90 /

-0.475 (-2.03%)

, CVE

Cenovus Energy

$7.71 /

+0.045 (+0.59%)

Goldman Sachs analyst…

Goldman Sachs analyst Neil Mehta downgraded Imperial Oil (IMO) to Neutral from Buy with an unchanged price target of C$39. The analyst cites valuation for the downgrade following the recent outperformance of the shares. Imperial's operational and cost turnaround story at Kearl and improving downstream fundamentals are now better reflected in the share price, Choi tells investors in a research note. The analyst sees greater upside in shares of Suncor (SU) and Cenovus Energy (CVE).

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SU Suncor
$22.90 /

-0.475 (-2.03%)

IMO Imperial Oil
$30.95 /

-0.12 (-0.39%)

CVE Cenovus Energy
$7.71 /

+0.045 (+0.59%)

IMO Imperial Oil
$30.95 /

-0.12 (-0.39%)

05/07/21 RBC Capital
Imperial Oil price target raised to C$39 from C$35 at RBC Capital
05/06/21 TD Securities
Imperial Oil price target raised to C$39 from C$33 at TD Securities
05/03/21 BMO Capital
Imperial Oil price target raised to C$40 from C$37 at BMO Capital
05/03/21 Scotiabank
Imperial Oil price target raised to C$39 from C$35 at Scotiabank
SU Suncor
$22.90 /

-0.475 (-2.03%)

05/05/21 RBC Capital
Suncor price target raised to C$32 from C$31 at RBC Capital
04/15/21 National Bank
Suncor price target lowered to C$29 from C$33 at National Bank
04/15/21 Scotiabank
Suncor price target raised to C$33 from C$30 at Scotiabank
03/10/21 CIBC
Suncor price target raised to C$40 from C$34 at CIBC
CVE Cenovus Energy
$7.71 /

+0.045 (+0.59%)

04/15/21 National Bank
Cenovus Energy price target raised to C$14.50 from C$13.50 at National Bank
04/15/21 Scotiabank
Scotiabank upgrades Cenovus Energy to Outperform on improving outlook
04/15/21 Scotiabank
Cenovus Energy upgraded to Outperform from Sector Perform at Scotiabank
03/26/21 Desjardins
Cenovus Energy upgraded to Buy from Hold at Desjardins
IMO Imperial Oil
$30.95 /

-0.12 (-0.39%)

CVE Cenovus Energy
$7.71 /

+0.045 (+0.59%)

SU Suncor
$22.90 /

-0.475 (-2.03%)

Recommendations
Imperial Oil price target raised to C$39 from C$35 at RBC Capital » 11:51
05/07/21
05/07
11:51
05/07/21
11:51
IMO

Imperial Oil

$31.06 /

+0.05 (+0.16%)

RBC Capital analyst Greg…

RBC Capital analyst Greg Pardy raised the firm's price target on Imperial Oil to C$39 from C$35 and keeps a Sector Perform rating on the shares.

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IMO Imperial Oil
$31.06 /

+0.05 (+0.16%)

IMO Imperial Oil
$31.06 /

+0.05 (+0.16%)

05/06/21 TD Securities
Imperial Oil price target raised to C$39 from C$33 at TD Securities
05/03/21 BMO Capital
Imperial Oil price target raised to C$40 from C$37 at BMO Capital
05/03/21 Scotiabank
Imperial Oil price target raised to C$39 from C$35 at Scotiabank
05/03/21 Barclays
Imperial Oil price target raised to C$40 from C$36 at Barclays
IMO Imperial Oil
$31.06 /

+0.05 (+0.16%)

Recommendations
Imperial Oil price target raised to C$39 from C$33 at TD Securities » 11:21
05/06/21
05/06
11:21
05/06/21
11:21
IMO

Imperial Oil

$31.17 /

+0.66 (+2.16%)

TD Securities analyst…

TD Securities analyst Menno Hulshof raised the firm's price target on Imperial Oil to C$39 from C$33 and keeps a Hold rating on the shares.

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IMO Imperial Oil
$31.17 /

+0.66 (+2.16%)

IMO Imperial Oil
$31.17 /

+0.66 (+2.16%)

05/03/21 BMO Capital
Imperial Oil price target raised to C$40 from C$37 at BMO Capital
05/03/21 Scotiabank
Imperial Oil price target raised to C$39 from C$35 at Scotiabank
05/03/21 Barclays
Imperial Oil price target raised to C$40 from C$36 at Barclays
04/15/21 National Bank
Imperial Oil price target lowered to C$33 from C$38 at National Bank
IMO Imperial Oil
$31.17 /

+0.66 (+2.16%)

Recommendations
Imperial Oil price target raised to C$40 from C$37 at BMO Capital » 11:51
05/03/21
05/03
11:51
05/03/21
11:51
IMO

Imperial Oil

$30.27 /

+1.36 (+4.70%)

BMO Capital analyst Randy…

BMO Capital analyst Randy Ollenberger raised the firm's price target on Imperial Oil to C$40 from C$37 and keeps a Market Perform rating on the shares.

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IMO Imperial Oil
$30.27 /

+1.36 (+4.70%)

IMO Imperial Oil
$30.27 /

+1.36 (+4.70%)

05/03/21 Scotiabank
Imperial Oil price target raised to C$39 from C$35 at Scotiabank
05/03/21 Barclays
Imperial Oil price target raised to C$40 from C$36 at Barclays
04/15/21 National Bank
Imperial Oil price target lowered to C$33 from C$38 at National Bank
04/15/21 Scotiabank
Imperial Oil price target raised to C$35 from C$32 at Scotiabank
IMO Imperial Oil
$30.27 /

+1.36 (+4.70%)

Recommendations
Imperial Oil price target raised to C$39 from C$35 at Scotiabank » 11:39
05/03/21
05/03
11:39
05/03/21
11:39
IMO

Imperial Oil

$30.11 /

+1.2 (+4.15%)

Scotiabank analyst Jason…

Scotiabank analyst Jason Bouvier raised the firm's price target on Imperial Oil to C$39 from C$35 and keeps a Sector Perform rating on the shares.

ShowHide Related Items >><<
IMO Imperial Oil
$30.11 /

+1.2 (+4.15%)

IMO Imperial Oil
$30.11 /

+1.2 (+4.15%)

05/03/21 Barclays
Imperial Oil price target raised to C$40 from C$36 at Barclays
04/15/21 National Bank
Imperial Oil price target lowered to C$33 from C$38 at National Bank
04/15/21 Scotiabank
Imperial Oil price target raised to C$35 from C$32 at Scotiabank
03/25/21 Desjardins
Imperial Oil upgraded to Buy from Hold at Desjardins
IMO Imperial Oil
$30.11 /

+1.2 (+4.15%)

Recommendations
Imperial Oil price target raised to C$40 from C$36 at Barclays » 06:35
05/03/21
05/03
06:35
05/03/21
06:35
IMO

Imperial Oil

$28.91 /

+1.27 (+4.59%)

Barclays analyst…

Barclays analyst Christopher Tillett raised the firm's price target on Imperial Oil to C$40 from C$36 and keeps an Overweight rating on the shares. Last week's results were a "resounding reaffirmation of the reasons we like" Imperial Oil, namely, its strong cash flow profile/balance sheet setup, leading downstream business, and the potential for capital returns, Tillett tells investors in a research note.

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IMO Imperial Oil
$28.91 /

+1.27 (+4.59%)

IMO Imperial Oil
$28.91 /

+1.27 (+4.59%)

04/15/21 National Bank
Imperial Oil price target lowered to C$33 from C$38 at National Bank
04/15/21 Scotiabank
Imperial Oil price target raised to C$35 from C$32 at Scotiabank
03/25/21 Desjardins
Imperial Oil upgraded to Buy from Hold at Desjardins
03/10/21 CIBC
Imperial Oil price target raised to C$35 from C$31 at CIBC
IMO Imperial Oil
$28.91 /

+1.27 (+4.59%)

Hot Stocks
Imperial Oil raises dividend to 27c per share, amends share repurchase program » 08:05
04/30/21
04/30
08:05
04/30/21
08:05
IMO

Imperial Oil

$27.64 /

+0.63 (+2.33%)

Imperial amended its…

Imperial amended its current share purchase program and plans to purchase up to 4% of outstanding common shares by June 28. Additionally, Imperial declared a Q2 dividend of 27c per share, an increase of almost 23%. "These actions reflect the company's strong financial performance and confidence in its future, and demonstrate our ongoing commitment to return cash to shareholders," Corson added.

ShowHide Related Items >><<
IMO Imperial Oil
$27.64 /

+0.63 (+2.33%)

04/15/21 National Bank
Imperial Oil price target lowered to C$33 from C$38 at National Bank
04/15/21 Scotiabank
Imperial Oil price target raised to C$35 from C$32 at Scotiabank
03/25/21 Desjardins
Imperial Oil upgraded to Buy from Hold at Desjardins
03/10/21 CIBC
Imperial Oil price target raised to C$35 from C$31 at CIBC
IMO Imperial Oil
$27.64 /

+0.63 (+2.33%)

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