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Sydnee Gatewood
Sydnee Gatewood
Articles (2960) 

First Eagle Global Value Team Comments on Imperial Oil

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October 21, 2020 | About:
Imperial Oil (IMO) (about 70% owned by Exxon Mobil) is a high-quality integrated energy company that fell alongside other oil producers in the quarter. Focused on the Canadian oil sands, the third-largest proven oil reserve in the world, Imperial has a long reserve life even without new discoveries. Imperial is well inte-grated across the energy value chain, and its operational advan-tages, combined with what we believe to be a resilient balance sheet and a well-aligned management team have translated into a business that has offered durable cash flows and solid value creation for shareholders over time.

From First Eagle Investment (Trades, Portfolio)'s Global Value Team's third-quarter 2020 commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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